BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating) saw strong short-term interest growth in June. As of June 15, there was short interest totaling 745,300 shares, a growth of 33.1% from the total of 559,800 shares as of May 31. Based on an average daily trading volume of 286,500 shares, the short interest ratio is currently 2.6 days. About 1.1% of the stock’s shares are sold short.
A number of analysts have recently commented on the company. StockNews.com took over coverage from BlackRock Capital Investment in a research note on Thursday, March 31. They issued a “hold” rating on the stock. TheStreet downgraded BlackRock Capital Investment from a “b-” rating to a “c” rating in a Friday, March 18 research note.
NASDAQ BKCC shares opened at $3.70 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt ratio of 0.49. The stock has a market capitalization of $272.73 million, a price-earnings ratio of 5.36 and a beta of 1.51. The stock’s fifty-day simple moving average is $3.92 and its 200-day simple moving average is $4.06. BlackRock Capital Investment has a 52 week low of $3.43 and a 52 week high of $4.38.
BlackRock Capital Investment (NASDAQ:BKCC – Get Rating) last released its results on Monday, May 2. The asset manager reported earnings per share (EPS) of $0.09 for the quarter, beating analyst consensus estimates of $0.08 by $0.01. The company had revenue of $12.18 million for the quarter. BlackRock Capital Investment achieved a return on equity of 6.36% and a net margin of 115.90%. In the same quarter of the previous year, the company made earnings per share of $0.06. As a group, analysts expect BlackRock Capital Investment to post 0.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7. Investors of record on Monday, May 16 will receive a dividend of $0.10. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 10.81%. The ex-dividend date is Friday, May 13. BlackRock Capital Investment’s payout ratio is 57.97%.
Several hedge funds and other institutional investors have recently changed their holdings in BKCC. HighTower Advisors LLC bought a new stock position from BlackRock Capital Investment during the fourth quarter for $32,000. Ten Capital Wealth Advisors LLC bought a new stock position from BlackRock Capital Investment during the fourth quarter worth $35,000. Ancora Advisors LLC increased its holdings of BlackRock Capital Investment shares by 42.4% during the first quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager valued at $45,000 after buying an additional 3,960 shares last quarter. Texas Yale Capital Corp. bought a new position in shares of BlackRock Capital Investment during the fourth quarter at a value of $46,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of BlackRock Capital Investment during the first quarter at a value of $46,000. Institutional investors and hedge funds hold 23.02% of the company’s shares.
About BlackRock Capital Investment (Get an assessment)
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a business development firm specializing in investments in middle market companies. The fund invests in all sectors. She 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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