BlackRock Capital Investment (NASDAQ:BKCC) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of BlackRock Capital Investment (NASDAQ:BKCC – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the asset manager’s stock.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company downgraded shares of BlackRock Capital Investment from an overweight rating to an equal weight rating in a report on Tuesday, April 18th. TheStreet raised shares of BlackRock Capital Investment from a c rating to a b- rating in a report on Thursday, May 4th.

BlackRock Capital Investment Stock Performance

NASDAQ BKCC opened at $3.26 on Thursday. The company has a fifty day simple moving average of $3.32 and a 200 day simple moving average of $3.58. BlackRock Capital Investment has a 12-month low of $3.03 and a 12-month high of $4.14. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The company has a market cap of $236.58 million, a P/E ratio of 32.60 and a beta of 1.40.

BlackRock Capital Investment (NASDAQ:BKCC – Get Rating) last posted its quarterly earnings results on Monday, May 1st. The asset manager reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. BlackRock Capital Investment had a net margin of 10.05% and a return on equity of 9.39%. The business had revenue of $18.76 million during the quarter, compared to the consensus estimate of $18.12 million. During the same quarter last year, the firm posted $0.09 EPS. Sell-side analysts predict that BlackRock Capital Investment will post 0.45 earnings per share for the current fiscal year.

BlackRock Capital Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 12.27%. The ex-dividend date is Wednesday, June 14th. BlackRock Capital Investment’s payout ratio is 400.04%.

Institutional Investors Weigh In On BlackRock Capital Investment

Hedge funds have recently made changes to their positions in the business. Simplicity Solutions LLC bought a new stake in shares of BlackRock Capital Investment during the 1st quarter worth $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of BlackRock Capital Investment during the 1st quarter worth $36,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of BlackRock Capital Investment during the 1st quarter worth $46,000. Private Advisor Group LLC bought a new stake in shares of BlackRock Capital Investment during the 1st quarter worth $39,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of BlackRock Capital Investment by 121.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 12,241 shares of the asset manager’s stock worth $42,000 after purchasing an additional 6,704 shares during the period. 19.39% of the stock is currently owned by institutional investors.

About BlackRock Capital Investment

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BlackRock Capital Investment provides financing solutions to middle-market companies across the capital structure, with a focus on senior secured debt and first lien loans. They offer solutions to meet the needs of business owners and managers. They invest in middle-market companies and target investments.