Blackrock Capital Investment Corp (NASDAQ:BKCC) announced a quarterly dividend on Thursday, March 7th, Wall Street Journal reports. Stockholders of record on Monday, March 18th will be given a dividend of 0.18 per share by the asset manager on Monday, April 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date of this dividend is Friday, March 15th.
Blackrock Capital Investment has decreased its dividend payment by an average of 5.0% per year over the last three years. Blackrock Capital Investment has a dividend payout ratio of 110.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Blackrock Capital Investment to earn $0.70 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 102.9%.
Blackrock Capital Investment stock opened at $6.20 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $417.84 million, a PE ratio of 9.34, a price-to-earnings-growth ratio of 8.86 and a beta of 0.80. Blackrock Capital Investment has a 1-year low of $5.06 and a 1-year high of $6.64.
Blackrock Capital Investment (NASDAQ:BKCC) last posted its quarterly earnings data on Wednesday, March 6th. The asset manager reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The business had revenue of $20.72 million during the quarter, compared to analyst estimates of $20.84 million. Blackrock Capital Investment had a positive return on equity of 8.95% and a negative net margin of 10.92%. As a group, equities research analysts expect that Blackrock Capital Investment will post 0.69 EPS for the current fiscal year.
A hedge fund recently raised its stake in Blackrock Capital Investment stock. Geode Capital Management LLC increased its position in Blackrock Capital Investment Corp (NASDAQ:BKCC) by 66.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,927 shares of the asset manager’s stock after acquiring an additional 11,564 shares during the period. Geode Capital Management LLC’s holdings in Blackrock Capital Investment were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 31.14% of the stock is currently owned by institutional investors.
BKCC has been the subject of a number of research analyst reports. BidaskClub lowered Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research lowered Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. lowered Blackrock Capital Investment from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research note on Wednesday, January 16th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average target price of $6.00.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Zolmax and is the sole property of of Zolmax. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://zolmax.com/investing/blackrock-capital-investment-corp-bkcc-to-go-ex-dividend-on-march-15th/2961785.html.
About Blackrock Capital Investment
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It 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.
Read More: What is the float in trading stocks?
Receive News & Ratings for Blackrock Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.