BlackRock Capital Investment (NASDAQ:BKCC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of BlackRock Capital Investment (NASDAQ:BKCC) in a report released on Thursday morning. The firm issued a hold rating on the asset manager’s stock.

Separately, Wells Fargo & Company increased their price target on shares of BlackRock Capital Investment from $3.50 to $3.75 and gave the stock an equal weight rating in a research report on Monday, January 29th.

BlackRock Capital Investment Stock Up 0.3 %

Shares of NASDAQ BKCC opened at $3.68 on Thursday. BlackRock Capital Investment has a 12-month low of $3.03 and a 12-month high of $4.03. The company has a market cap of $267.06 million, a P/E ratio of 10.22 and a beta of 1.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average price of $3.76 and a 200 day moving average price of $3.73.

BlackRock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. BlackRock Capital Investment had a return on equity of 11.54% and a net margin of 32.65%. The firm had revenue of $20.31 million during the quarter, compared to the consensus estimate of $20.32 million. Research analysts anticipate that BlackRock Capital Investment will post 0.44 EPS for the current fiscal year.

BlackRock Capital Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 10.87%. BlackRock Capital Investment’s dividend payout ratio is currently 111.11%.

Hedge Funds Weigh In On BlackRock Capital Investment

A number of large investors have recently bought and sold shares of BKCC. Almitas Capital LLC lifted its holdings in BlackRock Capital Investment by 81.5% in the third quarter. Almitas Capital LLC now owns 853,697 shares of the asset manager’s stock worth $3,167,000 after acquiring an additional 383,363 shares during the last quarter. Alpine Global Management LLC increased its stake in shares of BlackRock Capital Investment by 157.2% in the third quarter. Alpine Global Management LLC now owns 512,774 shares of the asset manager’s stock valued at $1,902,000 after purchasing an additional 313,389 shares during the period. Millennium Management LLC acquired a new stake in shares of BlackRock Capital Investment in the fourth quarter valued at approximately $791,000. Ares Management LLC increased its stake in shares of BlackRock Capital Investment by 3.4% in the first quarter. Ares Management LLC now owns 5,317,586 shares of the asset manager’s stock valued at $22,387,000 after purchasing an additional 177,330 shares during the period. Finally, Virtus ETF Advisers LLC increased its stake in shares of BlackRock Capital Investment by 280.7% in the third quarter. Virtus ETF Advisers LLC now owns 204,532 shares of the asset manager’s stock valued at $759,000 after purchasing an additional 150,813 shares during the period. Institutional investors own 18.25% of the company’s stock.

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.