BlackRock Capital Investment (NASDAQ:BKCC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of BlackRock Capital Investment (NASDAQ:BKCC) in a report published on Saturday. The brokerage issued a hold rating on the asset manager’s stock.

Separately, Wells Fargo & Company increased their price objective on BlackRock Capital Investment from $3.50 to $3.75 and gave the stock an equal weight rating in a report on Monday, January 29th.

BlackRock Capital Investment Stock Performance

Shares of BKCC stock opened at $3.68 on Friday. The stock has a fifty day moving average of $3.72 and a 200 day moving average of $3.72. BlackRock Capital Investment has a 52 week low of $3.03 and a 52 week high of $4.03. The firm has a market capitalization of $267.06 million, a price-to-earnings ratio of 10.22 and a beta of 1.41. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.93.

BlackRock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. BlackRock Capital Investment had a return on equity of 11.54% and a net margin of 32.65%. The company had revenue of $20.31 million during the quarter, compared to analyst estimates of $20.32 million. As a group, research analysts expect that BlackRock Capital Investment will post 0.44 earnings per share for the current year.

BlackRock Capital Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 10.87%. BlackRock Capital Investment’s dividend payout ratio (DPR) is 111.11%.

Hedge Funds Weigh In On BlackRock Capital Investment

Institutional investors have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new position in BlackRock Capital Investment in the fourth quarter worth $34,000. Tower Research Capital LLC TRC increased its holdings in shares of BlackRock Capital Investment by 101.1% during the third quarter. Tower Research Capital LLC TRC now owns 9,635 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 4,844 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of BlackRock Capital Investment during the first quarter valued at $46,000. Private Advisor Group LLC bought a new position in shares of BlackRock Capital Investment during the first quarter valued at $39,000. Finally, Ancora Advisors LLC increased its holdings in shares of BlackRock Capital Investment by 42.4% during 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 in 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.