Townsquare Capital LLC raised its holdings in Blackrock Capital Investment Corp (NASDAQ:BKCC) by 10.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 188,185 shares of the asset manager’s stock after purchasing an additional 17,929 shares during the quarter. Townsquare Capital LLC’s holdings in Blackrock Capital Investment were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Dfpg Investments LLC bought a new stake in Blackrock Capital Investment in the second quarter valued at approximately $27,000. Bourgeon Capital Management LLC bought a new stake in Blackrock Capital Investment in the second quarter valued at approximately $40,000. United Capital Financial Advisers LLC acquired a new position in shares of Blackrock Capital Investment in the first quarter valued at approximately $58,000. V Wealth Advisors LLC acquired a new position in shares of Blackrock Capital Investment in the first quarter valued at approximately $70,000. Finally, Independent Advisor Alliance grew its position in shares of Blackrock Capital Investment by 73.5% in the second quarter. Independent Advisor Alliance now owns 33,089 shares of the asset manager’s stock valued at $94,000 after purchasing an additional 14,018 shares during the last quarter. Hedge funds and other institutional investors own 28.39% of the company’s stock.
Several equities analysts have recently commented on BKCC shares. ValuEngine raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded Blackrock Capital Investment from a “buy” rating to a “sell” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.38.
In other Blackrock Capital Investment news, CEO James Keenan bought 24,076 shares of Blackrock Capital Investment stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $2.67 per share, with a total value of $64,282.92. Following the acquisition, the chief executive officer now owns 262,479 shares in the company, valued at approximately $700,818.93. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.
NASDAQ:BKCC traded up $0.15 during trading hours on Tuesday, reaching $2.55. 5,015 shares of the company were exchanged, compared to its average volume of 517,111. The company has a market capitalization of $168.41 million, a P/E ratio of -1.64 and a beta of 1.55. Blackrock Capital Investment Corp has a 1-year low of $1.43 and a 1-year high of $5.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50 day moving average of $2.72 and a 200 day moving average of $2.80.
Blackrock Capital Investment (NASDAQ:BKCC) last issued its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The business had revenue of $17.50 million for the quarter. Blackrock Capital Investment had a positive return on equity of 9.56% and a negative net margin of 133.85%. As a group, equities research analysts anticipate that Blackrock Capital Investment Corp will post 0.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, August 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.69%. The ex-dividend date is Monday, August 17th. Blackrock Capital Investment’s dividend payout ratio is presently 67.80%.
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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