BlackRock Capital Investment (NASDAQ:BKCC) Stock Price Passes Above 200-Day Moving Average of $3.41

Shares of BlackRock Capital Investment Co. (NASDAQ:BKCC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.41 and traded as high as $3.89. BlackRock Capital Investment shares last traded at $3.79, with a volume of 1,268,580 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of BlackRock Capital Investment in a research note on Thursday, August 17th. They set a “hold” rating for the company.

BlackRock Capital Investment Trading Up 7.4 %

The stock has a market cap of $275.04 million, a P/E ratio of 25.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50 day simple moving average is $3.51 and its 200 day simple moving average is $3.41.

BlackRock Capital Investment (NASDAQ:BKCC) last issued its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $19.94 million during the quarter, compared to analysts’ expectations of $18.48 million. BlackRock Capital Investment had a return on equity of 10.44% and a net margin of 14.58%. On average, analysts expect that BlackRock Capital Investment Co. will post 0.48 earnings per share for the current fiscal year.

BlackRock Capital Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.55%. BlackRock Capital Investment’s payout ratio is presently 266.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can raised its holdings in shares of BlackRock Capital Investment by 5.1% in the second quarter. Great West Life Assurance Co. Can now owns 68,370 shares of the asset manager’s stock valued at $226,000 after buying an additional 3,301 shares during the last quarter. Private Advisor Group LLC raised its position in BlackRock Capital Investment by 34.6% in the 2nd quarter. Private Advisor Group LLC now owns 15,213 shares of the asset manager’s stock worth $50,000 after purchasing an additional 3,908 shares during the last quarter. Ancora Advisors LLC raised its position in BlackRock Capital Investment by 42.4% in the 1st quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager’s stock worth $45,000 after purchasing an additional 3,960 shares during the last quarter. Advisor Group Holdings Inc. raised its position in BlackRock Capital Investment by 7.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 77,204 shares of the asset manager’s stock worth $280,000 after purchasing an additional 5,438 shares during the last quarter. Finally, UBS Group AG raised its position in BlackRock Capital Investment by 14.5% in the 4th quarter. UBS Group AG now owns 45,002 shares of the asset manager’s stock worth $163,000 after purchasing an additional 5,689 shares during the last quarter. 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.