Geode Capital Management LLC Acquires 11,564 Shares of Blackrock Capital Investment Corp (BKCC)

Geode Capital Management LLC lifted its holdings in Blackrock Capital Investment Corp (NASDAQ:BKCC) by 66.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,927 shares of the asset manager’s stock after purchasing an additional 11,564 shares during the period. Geode Capital Management LLC’s holdings in Blackrock Capital Investment were worth $153,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of Blackrock Capital Investment by 26.5% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 21,500 shares of the asset manager’s stock worth $114,000 after purchasing an additional 4,500 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Blackrock Capital Investment by 12.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,128 shares of the asset manager’s stock worth $255,000 after acquiring an additional 5,296 shares during the period. Virtu Financial LLC raised its stake in Blackrock Capital Investment by 65.7% during the 4th quarter. Virtu Financial LLC now owns 23,711 shares of the asset manager’s stock worth $125,000 after acquiring an additional 9,400 shares during the period. Quantamental Technologies LLC bought a new stake in Blackrock Capital Investment during the 4th quarter worth approximately $51,000. Finally, Dfpg Investments Inc. bought a new stake in Blackrock Capital Investment during the 4th quarter worth approximately $84,000. Hedge funds and other institutional investors own 31.07% of the company’s stock.

NASDAQ BKCC opened at $6.16 on Friday. Blackrock Capital Investment Corp has a 12 month low of $5.06 and a 12 month high of $6.64. The company has a market cap of $424.03 million, a price-to-earnings ratio of 9.63, a PEG ratio of 9.55 and a beta of 0.80. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.

Blackrock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Blackrock Capital Investment had a net margin of 11.81% and a return on equity of 9.17%. The company had revenue of $19.32 million for the quarter, compared to analysts’ expectations of $21.20 million. As a group, analysts expect that Blackrock Capital Investment Corp will post 0.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date of this dividend is Monday, June 17th. Blackrock Capital Investment’s dividend payout ratio (DPR) is currently 112.50%.

In related news, CFO Michael Pungello acquired 4,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $6.27 per share, with a total value of $25,080.00. Following the acquisition, the chief financial officer now directly owns 13,083 shares in the company, valued at approximately $82,030.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

A number of equities research analysts have commented on BKCC shares. Zacks Investment Research upgraded shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. BidaskClub cut shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company has an average rating of “Sell” and an average target price of $6.00.

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About Blackrock Capital Investment

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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Institutional Ownership by Quarter for Blackrock Capital Investment (NASDAQ:BKCC)

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