Short-term stake in BlackRock Capital Investment Co. (NASDAQ:BKCC) drops 11.4%

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BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating) benefited from a significant drop in short interest during the month of July. As of July 31, there was short interest totaling 602,900 shares, down 11.4% from the July 15 total of 680,100 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume of 235,600 shares, the short-term interest rate ratio is currently 2.6 days.

Hedge funds weigh on BlackRock Capital investment

Major investors have recently increased or reduced their stake in the company. Condor Capital Management increased its position in shares of BlackRock Capital Investment by 33.8% during the second quarter. Condor Capital Management now owns 442,326 shares of the asset manager worth $1,623,000 after purchasing an additional 111,756 shares during the period. Lazard Asset Management LLC purchased a new equity position from BlackRock Capital Investment during Q2 for a value of approximately $26,000. TownSquare Capital LLC increased its holdings of BlackRock Capital Investment shares by 17.8% in the second quarter. TownSquare Capital LLC now owns 87,358 shares of the asset manager valued at $321,000 after buying an additional 13,193 shares in the last quarter. Merit Financial Group LLC increased its position in shares of BlackRock Capital Investment by 90.0% in the second quarter. Merit Financial Group LLC now owns 38,000 shares of the asset manager worth $139,000 after buying an additional 18,000 shares last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in BlackRock Capital Investment during the second quarter worth $37,000. Institutional investors hold 23.02% of the company’s shares.

BlackRock Capital Investment trades up 0.8%

Shares of BKCC rose $0.03 during trading hours on Tuesday, hitting $4.01. The stock recorded trading volume of 1,563 shares, compared to an average trading volume of 136,314 shares. BlackRock Capital Investment has a 52 week low of $3.43 and a 52 week high of $4.38. The company has a quick ratio of 2.09, a current ratio of 2.09 and a leverage ratio of 0.71. The company has a market capitalization of $293.53 million, a P/E ratio of 14.21 and a beta of 1.46. The company has a 50-day moving average of $3.79 and a 200-day moving average of $4.00.

BlackRock Capital Investment (NASDAQ:BKCC – Get Rating) last released quarterly earnings data on Wednesday, August 3. The asset manager reported earnings per share of $0.10 for the quarter, beating the consensus estimate of $0.08 by $0.02. BlackRock Capital Investment achieved a return on equity of 6.76% and a net margin of 42.86%. In the same quarter a year earlier, the company posted EPS of $0.07. On average, sell-side analysts expect BlackRock Capital Investment to post earnings per share of 0.37 for the current fiscal year.

BlackRock Capital Investment announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6. Investors of record on Thursday, September 15 will receive a dividend of $0.10. The ex-dividend date is Wednesday, September 14. This represents an annualized dividend of $0.40 and a yield of 9.98%. BlackRock Capital Investment’s dividend payout ratio is currently 142.86%.

About BlackRock Capital Investment

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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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