Legal & General Group Plc boosted its holdings in Blackrock Capital Investment Corp (NASDAQ:BKCC) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 323,580 shares of the asset manager’s stock after buying an additional 41,943 shares during the period. Legal & General Group Plc owned 0.46% of Blackrock Capital Investment worth $1,723,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quantamental Technologies LLC purchased a new position in shares of Blackrock Capital Investment in the 4th quarter worth about $51,000. MML Investors Services LLC purchased a new position in shares of Blackrock Capital Investment in the 4th quarter worth about $56,000. Dfpg Investments Inc. purchased a new position in shares of Blackrock Capital Investment in the 4th quarter worth about $84,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Blackrock Capital Investment in the 4th quarter worth about $84,000. Finally, Kalos Management Inc. purchased a new position in shares of Blackrock Capital Investment in the 4th quarter worth about $91,000. 31.53% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on BKCC shares. Zacks Investment Research upgraded Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine upgraded Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. JPMorgan Chase & Co. downgraded Blackrock Capital Investment from a “neutral” rating to an “underweight” rating and set a $6.00 price objective on the stock. in a report on Wednesday, January 16th. Finally, BidaskClub upgraded Blackrock Capital Investment from a “hold” rating to a “buy” rating in a report on Friday, January 11th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average target price of $6.00.
Blackrock Capital Investment (NASDAQ:BKCC) last announced its earnings results on Wednesday, March 6th. The asset manager reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $20.72 million for the quarter, compared to analysts’ expectations of $20.84 million. Blackrock Capital Investment had a negative net margin of 10.92% and a positive return on equity of 8.95%. On average, equities analysts forecast that Blackrock Capital Investment Corp will post 0.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Monday, March 18th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.72 annualized dividend and a dividend yield of 11.84%. Blackrock Capital Investment’s payout ratio is currently 112.50%.
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Blackrock Capital Investment Company Profile
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It 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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