Equities analysts expect BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating) to report earnings per share of $0.08 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for BlackRock Capital Investment’s earnings. BlackRock Capital Investment posted earnings per share of $0.06 during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.
On average, analysts expect that BlackRock Capital Investment will report full-year earnings of $0.34 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.36 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow BlackRock Capital Investment.
BlackRock Capital Investment (NASDAQ:BKCC – Get Rating) last issued its earnings results on Wednesday, March 2nd. The asset manager reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The company had revenue of $12.60 million for the quarter. BlackRock Capital Investment had a return on equity of 5.80% and a net margin of 143.77%. During the same quarter in the prior year, the company posted $0.10 EPS.
Shares of BlackRock Capital Investment stock traded down $0.11 on Friday, hitting $4.10. 290,800 shares of the company were exchanged, compared to its average volume of 291,988. The stock has a market capitalization of $302.66 million, a price-to-earnings ratio of 5.00 and a beta of 1.65. The company has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.17. BlackRock Capital Investment has a 1-year low of $3.66 and a 1-year high of $4.47. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.56.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, March 17th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date was Wednesday, March 16th. BlackRock Capital Investment’s payout ratio is 48.78%.
A number of institutional investors and hedge funds have recently bought and sold shares of BKCC. Ares Management LLC grew its holdings in shares of BlackRock Capital Investment by 12.0% in the fourth quarter. Ares Management LLC now owns 5,140,256 shares of the asset manager’s stock valued at $20,561,000 after purchasing an additional 551,412 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of BlackRock Capital Investment by 19.0% in the first quarter. Transcend Capital Advisors LLC now owns 624,831 shares of the asset manager’s stock worth $2,631,000 after acquiring an additional 99,656 shares in the last quarter. Millennium Management LLC increased its position in shares of BlackRock Capital Investment by 22.9% during the third quarter. Millennium Management LLC now owns 562,422 shares of the asset manager’s stock worth $2,165,000 after acquiring an additional 104,874 shares during the period. Transcend Wealth Collective LLC raised its stake in shares of BlackRock Capital Investment by 17.5% in the fourth quarter. Transcend Wealth Collective LLC now owns 525,175 shares of the asset manager’s stock valued at $2,101,000 after acquiring an additional 78,188 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in BlackRock Capital Investment by 12.8% in the fourth quarter. BlackRock Inc. now owns 521,727 shares of the asset manager’s stock valued at $2,087,000 after purchasing an additional 59,111 shares during the period. 24.35% of the stock is currently owned by hedge funds and other institutional investors.
About BlackRock Capital Investment (Get Rating)
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.
- Get a free copy of the StockNews.com research report on BlackRock Capital Investment (BKCC)
- 3 Resilient Stocks to Buy for Retirement
- MarketBeat: Week in Review 4/18 – 4/22
- Tractor Supply Company Reaps What It Sows
- Snap (NYSE: SNAP) Gives Investors A Mixed Bag
- Should You Buy Carvana or AutoNation or Pass on Both?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.