BlackRock Capital Investment Co. (NASDAQ:BKCC) Short Interest Down 8.0% in August

BlackRock Capital Investment Co. (NASDAQ:BKCCGet Rating) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 470,600 shares, a decline of 8.0% from the August 15th total of 511,600 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 199,200 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. TownSquare Capital LLC boosted its position in shares of BlackRock Capital Investment by 3.5% during the first quarter. TownSquare Capital LLC now owns 74,165 shares of the asset manager’s stock valued at $312,000 after buying an additional 2,504 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of BlackRock Capital Investment by 42.4% during the first quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager’s stock valued at $45,000 after buying an additional 3,960 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of BlackRock Capital Investment by 24.5% during the first quarter. Private Advisor Group LLC now owns 22,211 shares of the asset manager’s stock valued at $94,000 after buying an additional 4,370 shares during the last quarter. Lokken Investment Group LLC boosted its position in shares of BlackRock Capital Investment by 41.0% during the first quarter. Lokken Investment Group LLC now owns 16,879 shares of the asset manager’s stock valued at $69,000 after buying an additional 4,912 shares during the last quarter. Finally, Avidian Wealth Solutions LLC boosted its position in shares of BlackRock Capital Investment by 41.1% during the first quarter. Avidian Wealth Solutions LLC now owns 18,896 shares of the asset manager’s stock valued at $80,000 after buying an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 20.19% of the company’s stock.

BlackRock Capital Investment Trading Down 1.3 %

NASDAQ BKCC opened at $3.72 on Tuesday. The company has a market cap of $272.29 million, a price-to-earnings ratio of 13.29 and a beta of 1.43. BlackRock Capital Investment has a 52 week low of $3.43 and a 52 week high of $4.38. The business has a 50 day moving average price of $3.87 and a 200-day moving average price of $3.96. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

BlackRock Capital Investment (NASDAQ:BKCCGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The asset manager reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. BlackRock Capital Investment had a return on equity of 6.76% and a net margin of 42.86%. During the same quarter in the prior year, the business earned $0.07 earnings per share. As a group, equities analysts expect that BlackRock Capital Investment will post 0.36 earnings per share for the current fiscal year.

BlackRock Capital Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 15th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.40 annualized dividend and a dividend yield of 10.75%. BlackRock Capital Investment’s payout ratio is 142.86%.

Analyst Ratings Changes

Separately, StockNews.com upgraded BlackRock Capital Investment from a “sell” rating to a “hold” rating in a report on Thursday, September 15th.

About BlackRock Capital Investment

(Get Rating)

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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