Cambridge Investment Research Advisors Inc. Sells 5,297 Shares of BlackRock Capital Investment Co. (NASDAQ:BKCC)

Cambridge Investment Research Advisors Inc. reduced its position in BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,463 shares of the asset manager’s stock after selling 5,297 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in BlackRock Capital Investment were worth $52,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of BlackRock Capital Investment in the second quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new stake in shares of BlackRock Capital Investment in the second quarter valued at about $37,000. Ancora Advisors LLC raised its holdings in shares of BlackRock Capital Investment by 42.4% in the first quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 3,960 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of BlackRock Capital Investment in the first quarter valued at about $46,000. Finally, Cetera Advisor Networks LLC bought a new stake in shares of BlackRock Capital Investment in the first quarter valued at about $60,000. 19.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of BlackRock Capital Investment in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

BlackRock Capital Investment Stock Performance

Shares of BlackRock Capital Investment stock opened at $3.78 on Tuesday. The company has a market capitalization of $274.32 million, a PE ratio of 18.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.04 and a current ratio of 2.04. The company has a 50-day simple moving average of $3.72 and a two-hundred day simple moving average of $3.75. BlackRock Capital Investment Co. has a one year low of $3.31 and a one year high of $4.35.

BlackRock Capital Investment (NASDAQ:BKCC – Get Rating) last announced its earnings results on Thursday, November 3rd. The asset manager reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $16.03 million during the quarter, compared to the consensus estimate of $13.97 million. BlackRock Capital Investment had a net margin of 28.73% and a return on equity of 7.67%. Research analysts expect that BlackRock Capital Investment Co. will post 0.38 EPS for the current fiscal year.

BlackRock Capital Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 10.58%. BlackRock Capital Investment’s dividend payout ratio is presently 190.48%.

About BlackRock Capital Investment

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BlackRock Capital Investment Corp, a traded fund, seeks investment opportunities in middle market companies located in the United States 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 and transportation.