Blackrock Capital Investment Corp (NASDAQ:BKCC) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.10 per share by the asset manager on Tuesday, September 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 16.39%. The ex-dividend date of this dividend is Monday, August 17th.
Blackrock Capital Investment has decreased its dividend payment by an average of 23.8% per year over the last three years. Blackrock Capital Investment has a dividend payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Blackrock Capital Investment to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 83.3%.
Shares of NASDAQ BKCC traded down $0.03 during trading hours on Friday, reaching $2.44. 10,021 shares of the stock were exchanged, compared to its average volume of 273,771. The firm has a market capitalization of $166.97 million, a price-to-earnings ratio of -1.66 and a beta of 1.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.50. Blackrock Capital Investment has a 52 week low of $1.43 and a 52 week high of $5.92. The stock’s fifty day simple moving average is $2.63 and its 200 day simple moving average is $3.31.
Blackrock Capital Investment (NASDAQ:BKCC) last announced its earnings results on Wednesday, July 29th. The asset manager reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $17.50 million for the quarter. Blackrock Capital Investment had a positive return on equity of 9.07% and a negative net margin of 133.85%. Research analysts predict that Blackrock Capital Investment will post 0.45 EPS for the current fiscal year.
BKCC has been the topic of a number of analyst reports. ValuEngine raised Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, May 1st. Zacks Investment Research raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.25.
About Blackrock Capital Investment
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.
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