Cambridge Investment Research Advisors Inc. bought a new position in BlackRock Capital Investment Co. (NASDAQ:BKCC) during the second quarter, Holdings Channel reports. The firm bought 20,189 shares of the asset manager’s stock, valued at approximately $79,000.
Several other large investors have also recently bought and sold shares of BKCC. HighTower Advisors LLC purchased a new stake in shares of BlackRock Capital Investment in the first quarter worth about $204,000. Ares Management LLC lifted its position in shares of BlackRock Capital Investment by 76.9% in the first quarter. Ares Management LLC now owns 4,233,886 shares of the asset manager’s stock worth $14,184,000 after buying an additional 1,840,002 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of BlackRock Capital Investment in the first quarter worth about $113,000. Millennium Management LLC lifted its position in shares of BlackRock Capital Investment by 97.1% in the first quarter. Millennium Management LLC now owns 381,724 shares of the asset manager’s stock worth $1,279,000 after buying an additional 188,030 shares in the last quarter. Finally, Rinet Co LLC purchased a new stake in shares of BlackRock Capital Investment in the first quarter worth about $56,000. Institutional investors own 28.80% of the company’s stock.
BKCC opened at $4.15 on Thursday. The stock has a market cap of $307.52 million, a price-to-earnings ratio of 12.58 and a beta of 1.79. The stock’s 50 day moving average price is $4.04 and its 200-day moving average price is $3.96. BlackRock Capital Investment Co. has a one year low of $2.32 and a one year high of $4.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.68 and a current ratio of 0.68.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 6th. Stockholders of record on Wednesday, September 15th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.64%. BlackRock Capital Investment’s dividend payout ratio is 81.63%.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut BlackRock Capital Investment from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on BlackRock Capital Investment from $4.00 to $4.25 and gave the stock an “overweight” rating in a research note on Monday, August 9th.
BlackRock Capital Investment Company Profile
BlackRock Capital Investment Corp, a Traded Fund, seeks investment opportunities in middle market companies located in the US and Canada with revenues of $50 million to $1 billion. The fund targets companies operating in the field of consumer services, technology, distribution, commercial services, Health services, Retail trade, Finance, Transportation.
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