BlackRock Capital Investment Co. (NASDAQ: BKCC – Get an assessment) benefited from significant growth in short-term interest 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 trading volume of 286,500 shares, the day-to-cover ratio is currently 2.6 days. About 1.1% of the stock’s shares are sold short.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Samalin Investment Counsel LLC increased its stake in BlackRock Capital Investment by 37.9% in Q1. Samalin Investment Counsel LLC now owns 26,897 shares of the asset manager valued at $113,000 after acquiring an additional 7,397 shares last quarter. Ares Management LLC increased its stake in BlackRock Capital Investment by 3.4% in the 1st quarter. Ares Management LLC now owns 5,317,586 shares of the asset manager valued at $22,387,000 after acquiring an additional 177,330 shares last quarter. Northern Trust Corp bought a new stake in BlackRock Capital Investment in Q1 worth around $93,000. Ancora Advisors LLC increased its position in shares of BlackRock Capital Investment by 42.4% during the 1st quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager worth $45,000 after buying 3,960 additional shares in the last quarter. Finally, XTX Topco Ltd acquired a new equity position from BlackRock Capital Investment during Q1 worth approximately $205,000. Hedge funds and other institutional investors own 23.02% of the company’s shares.
BKCC has been the subject of several research reports. TheStreet downgraded BlackRock Capital Investment from a “b-” rating to a “c” rating in a Friday, March 18 research note. StockNews.com alleged coverage of BlackRock Capital Investment in a research report on Thursday, March 31. They issued a “maintaining” rating for the company.
Shares of BKCC opened at $3.70 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt ratio of 0.49. BlackRock Capital Investment has a 1 year minimum of $3.43 and a 1 year maximum of $4.38. The stock has a market capitalization of $272.72 million, a P/E ratio of 5.36 and a beta of 1.51. The stock’s 50-day moving average price is $3.91 and its two-hundred-day moving average price is $4.06.
BlackRock Capital Investment (NASDAQ: BKCC – Get an assessment) last released its quarterly earnings data on Monday, May 2. The asset manager reported earnings per share of $0.09 for the quarter, beating the consensus estimate of $0.08 by $0.01. BlackRock Capital Investment achieved a return on equity of 6.36% and a net margin of 115.90%. The company had revenue of $12.18 million for the quarter. In the same quarter last year, the company achieved EPS of $0.06. As a group, stock analysts expect BlackRock Capital Investment to post EPS of 0.33 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7. Shareholders of record on Monday, May 16 will receive a dividend of $0.10. This represents an annualized dividend of $0.40 and a yield of 10.81%. The ex-dividend date is Friday, May 13. BlackRock Capital Investment’s payout ratio is 57.97%.
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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