BlackRock Capital Investment Co. (NASDAQ: BKCC – Get a rating) declared a quarterly dividend on Wednesday, August 3 Zacks reports. Shareholders of record on Thursday, September 15 will be paid a dividend of 0.10 per share by the asset manager on Thursday, October 6. This represents an annualized dividend of $0.40 and a dividend yield of 10.20%. The ex-dividend date is Wednesday, September 14.
BlackRock Capital Investment has decreased its dividend payout by an average of 17.8% per year over the past three years. BlackRock Capital Investment has a dividend payout ratio of 111.1%, indicating that the company cannot currently cover its dividend with earnings alone and relies on its balance sheet to cover its dividend payments. Stock analysts expect BlackRock Capital Investment to earn $0.34 per share next year, meaning the company may not be able to cover its annual dividend of $0.40 with a ratio of expected future payout of 117.6%.
BlackRock Capital’s investment stock up 1.6%
Shares of BKCC traded at $0.06 during Friday’s midday session, hitting $3.92. The company had a trading volume of 557 shares, compared to an average volume of 159,316 shares. The company’s 50-day simple moving average is $3.81 and its 200-day simple moving average is $4.01. The company has a market capitalization of $288.94 million, a P/E ratio of 13.79 and a beta of 1.46. BlackRock Capital Investment has a 1 year minimum of $3.43 and a 1 year maximum of $4.38. The company has a debt ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03.
BlackRock Capital Investments (NASDAQ: BKCC – Get a rating) last reported results 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 had a return on equity of 6.70% and a net margin of 42.86%. In the same quarter a year earlier, the company had earned earnings per share of $0.07. As a group, sell-side analysts expect BlackRock Capital Investment to post year-to-date EPS of 0.33.
Institutional investors weigh on BlackRock Capital investment
Several institutional investors have recently increased or reduced their stake in BKCC. Ancora Advisors LLC increased its position in BlackRock Capital Investment by 42.4% during the first quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager worth $45,000 after purchasing an additional 3,960 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of BlackRock Capital Investment in the first quarter worth approximately $46,000. Cetera Advisor Networks LLC acquired a new equity position from BlackRock Capital Investment in the first quarter worth approximately $60,000. Merit Financial Group LLC acquired a new equity position from BlackRock Capital Investment in the first quarter worth approximately $84,000. Finally, Northern Trust Corp acquired a new position in shares of BlackRock Capital Investment in the first quarter worth approximately $93,000. Hedge funds and other institutional investors own 23.02% of the company’s shares.
BlackRock Capital Investment Company Profile
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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