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%.
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.
Read More: What is the definition of a trade war?
Receive News & Ratings for Blackrock Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.