Raymond James & Associates Has $97,000 Stock Position in BlackRock Capital Investment Co. (NASDAQ:BKCC)

Raymond James & Associates lowered its holdings in shares of BlackRock Capital Investment Co. (NASDAQ:BKCC) by 23.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,714 shares of the asset manager’s stock after selling 8,862 shares during the period. Raymond James & Associates’ holdings in BlackRock Capital Investment were worth $97,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Atomi Financial Group Inc. acquired a new stake in BlackRock Capital Investment during the first quarter worth approximately $113,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BlackRock Capital Investment in the first quarter valued at approximately $36,000. Condor Capital Management grew its stake in BlackRock Capital Investment by 8.9% in the first quarter. Condor Capital Management now owns 614,714 shares of the asset manager’s stock valued at $2,121,000 after acquiring an additional 50,015 shares during the period. Ancora Advisors LLC grew its stake in 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 during the period. Finally, Tower Research Capital LLC TRC grew its stake in BlackRock Capital Investment by 121.1% in the first quarter. Tower Research Capital LLC TRC now owns 12,241 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 6,704 shares during the period. Institutional investors and hedge funds own 18.25% of the company’s stock.

BlackRock Capital Investment Stock Down 2.8 %

BKCC stock opened at $3.53 on Tuesday. BlackRock Capital Investment Co. has a twelve month low of $3.03 and a twelve month high of $3.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average is $3.57 and its 200-day moving average is $3.43. The firm has a market capitalization of $256.18 million, a PE ratio of 16.05 and a beta of 1.40.

BlackRock Capital Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 15th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.33%. BlackRock Capital Investment’s dividend payout ratio is presently 181.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BKCC. Wells Fargo & Company raised their price objective on BlackRock Capital Investment from $3.25 to $4.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. StockNews.com initiated coverage on BlackRock Capital Investment in a research note on Monday. They issued a “hold” rating for the company.

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.