Blackrock Capital Investment (NASDAQ:BKCC) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Blackrock Capital Investment (NASDAQ:BKCC) posted its quarterly earnings data on Wednesday. The asset manager reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02), Morningstar.com reports. The firm had revenue of $19.66 million for the quarter, compared to analyst estimates of $20.45 million. Blackrock Capital Investment had a return on equity of 9.17% and a net margin of 11.81%.

BKCC traded up $0.05 during trading on Friday, reaching $5.62. 427,568 shares of the company’s stock were exchanged, compared to its average volume of 311,859. The firm has a fifty day moving average of $6.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. Blackrock Capital Investment has a fifty-two week low of $5.06 and a fifty-two week high of $6.64. The firm has a market cap of $418.52 million, a price-to-earnings ratio of 8.78, a PEG ratio of 9.35 and a beta of 0.75.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date is Friday, September 13th. Blackrock Capital Investment’s dividend payout ratio is presently 112.50%.

In other Blackrock Capital Investment news, CFO Michael Pungello bought 4,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $6.27 per share, with a total value of $25,080.00. Following the acquisition, the chief financial officer now owns 13,083 shares of the company’s stock, valued at $82,030.41. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in Blackrock Capital Investment by 385.4% in the 4th quarter. Advisory Services Network LLC now owns 5,077 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 4,031 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in Blackrock Capital Investment in the 1st quarter valued at $61,000. WealthPLAN Partners LLC bought a new stake in Blackrock Capital Investment in the 1st quarter valued at $64,000. MML Investors Services LLC bought a new stake in Blackrock Capital Investment in the 4th quarter valued at $56,000. Finally, Biltmore Capital Advisors LLC acquired a new stake in Blackrock Capital Investment in the 1st quarter valued at $78,000. 31.26% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on BKCC. BidaskClub lowered shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Zacks Investment Research raised shares of Blackrock Capital Investment from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a report on Tuesday. Finally, ValuEngine lowered shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.25.

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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Earnings History for Blackrock Capital Investment (NASDAQ:BKCC)

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