According to Zacks, “BlackRock Kelso Capital Corporation provides responsive, creative and flexible capital solutions to middle market companies. BlackRock Kelso Capital provides middle market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt and loans, and equity securities. The company’s strategy is to provide capital to meet the current and future needs of our clients across this spectrum, creating long-term partnerships with growing middle-market companies. “
A number of other brokerages have also weighed in on BKCC recently. TheStreet downgraded BlackRock Capital Investment from a b- rating to an ac rating in a Friday, March 18 report. StockNews.com assumed coverage for BlackRock Capital Investment in a Thursday, March 31 report. They set a holding rating for the company.
NASDAQ BKCC opened at $4.01 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt ratio of 0.56. The stock has a fifty-day simple moving average of $4.15 and a 200-day simple moving average of $4.17. BlackRock Capital Investment has a 12-month low of $3.74 and a 12-month high of $4.47. The company has a market capitalization of $296.02 million, a price-earnings ratio of 4.89 and a beta of 1.65.
BlackRock Capital Investment (NASDAQ: BKCC – Get a rating) last released its quarterly results on Monday, May 2. The asset manager reported earnings per share of $0.08 for the quarter, meeting the Zacks consensus estimate of $0.08. BlackRock Capital Investment had a return on equity of 5.80% and a net margin of 143.77%. In the same quarter a year earlier, the company posted earnings per share of $0.06. Research analysts expect BlackRock Capital Investment to post earnings per share of 0.34 for the current financial year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 7. Shareholders of record on Thursday, March 17 received a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 16. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 9.98%. BlackRock Capital Investment’s dividend payout ratio (DPR) is currently 48.78%.
Hedge funds have recently increased or reduced their stakes in the company. HighTower Advisors LLC purchased a new equity position from BlackRock Capital Investment during Q4 for a value of approximately $32,000. Ten Capital Wealth Advisors LLC purchased a new equity position from BlackRock Capital Investment during Q4 for a value of approximately $35,000. Texas Yale Capital Corp. bought a new position in shares of BlackRock Capital Investment during the 4th quarter for a value of approximately $46,000. Spire Wealth Management increased its position in shares of BlackRock Capital Investment by 104.4% during the 4th quarter. Spire Wealth Management now owns 15,047 shares of the asset manager worth $60,000 after buying an additional 7,685 shares last quarter. Finally, Virtu Financial LLC bought a new position in BlackRock Capital Investment in Q4 worth around $70,000. 23.02% of the shares are currently held by institutional investors.
About BlackRock Capital Investment (Get a rating)
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a business development firm specializing in investments in middle market companies. The fund invests in all sectors. She prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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