BlackRock Capital Investment (NASDAQ:BKCC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of BlackRock Capital Investment (NASDAQ:BKCC) in a report published on Saturday. The brokerage issued a hold rating on the asset manager’s stock.

Separately, Wells Fargo & Company upped their price target on shares of BlackRock Capital Investment from $3.50 to $3.75 and gave the stock an equal weight rating in a research report on Monday, January 29th.

BlackRock Capital Investment Price Performance

Shares of BKCC opened at $3.68 on Friday. The company has a market capitalization of $267.06 million, a P/E ratio of 10.22 and a beta of 1.41. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.93. BlackRock Capital Investment has a twelve month low of $3.03 and a twelve month high of $4.03. The firm has a 50 day moving average of $3.72 and a 200 day moving average of $3.72.

BlackRock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Tuesday, March 5th. The asset manager reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. BlackRock Capital Investment had a net margin of 32.65% and a return on equity of 11.54%. The company had revenue of $20.31 million during the quarter, compared to analysts’ expectations of $20.32 million. As a group, equities research analysts anticipate that BlackRock Capital Investment will post 0.44 earnings per share for the current fiscal year.

BlackRock Capital Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 10.87%. BlackRock Capital Investment’s payout ratio is presently 111.11%.

Institutional Investors Weigh In On BlackRock Capital Investment

Several hedge funds have recently modified their holdings of BKCC. Legal & General Group Plc lifted its position in BlackRock Capital Investment by 2.7% during the fourth quarter. Legal & General Group Plc now owns 552,719 shares of the asset manager’s stock valued at $2,136,000 after acquiring an additional 14,549 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in BlackRock Capital Investment during the fourth quarter valued at approximately $61,000. Royal Bank of Canada lifted its position in BlackRock Capital Investment by 23.3% during the fourth quarter. Royal Bank of Canada now owns 40,804 shares of the asset manager’s stock valued at $158,000 after acquiring an additional 7,700 shares during the last quarter. Condor Capital Management lifted its position in BlackRock Capital Investment by 9.5% during the fourth quarter. Condor Capital Management now owns 886,024 shares of the asset manager’s stock valued at $3,429,000 after acquiring an additional 77,137 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new stake in BlackRock Capital Investment during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 18.25% of the company’s stock.

BlackRock Capital Investment Company Profile

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.