Arrowstreet Capital Limited Partnership bought a new position in shares of BlackRock Capital Investment Co. (NASDAQ:BKCC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 191,200 shares of the asset manager’s stock, valued at approximately $1,191,000. Arrowstreet Capital Limited Partnership owned approximately 0.26% of BlackRock Capital Investment at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hillsdale Investment Management Inc. raised its position in BlackRock Capital Investment by 328.0% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 259,800 shares of the asset manager’s stock valued at $1,949,000 after purchasing an additional 199,100 shares in the last quarter. LSV Asset Management raised its position in BlackRock Capital Investment by 7.7% in the 4th quarter. LSV Asset Management now owns 2,302,700 shares of the asset manager’s stock valued at $14,345,000 after purchasing an additional 165,500 shares in the last quarter. BlackRock Inc. raised its position in BlackRock Capital Investment by 8.9% in the 4th quarter. BlackRock Inc. now owns 461,680 shares of the asset manager’s stock valued at $2,876,000 after purchasing an additional 37,804 shares in the last quarter. Citadel Advisors LLC acquired a new stake in BlackRock Capital Investment in the 3rd quarter valued at about $269,000. Finally, Virtu Financial LLC raised its position in BlackRock Capital Investment by 212.3% in the 4th quarter. Virtu Financial LLC now owns 46,815 shares of the asset manager’s stock valued at $292,000 after purchasing an additional 31,824 shares in the last quarter. 33.64% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. ValuEngine raised BlackRock Capital Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. BidaskClub raised BlackRock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, March 23rd. Zacks Investment Research raised BlackRock Capital Investment from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Finally, JPMorgan Chase raised BlackRock Capital Investment from a “neutral” rating to an “overweight” rating and set a $7.50 price target on the stock in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.42.
Shares of NASDAQ BKCC traded down $0.07 during midday trading on Monday, hitting $5.96. 718,783 shares of the company’s stock were exchanged, compared to its average volume of 476,644. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.90 and a current ratio of 1.90. BlackRock Capital Investment Co. has a twelve month low of $5.48 and a twelve month high of $7.88. The firm has a market capitalization of $440.55, a PE ratio of 8.16, a price-to-earnings-growth ratio of 8.04 and a beta of 0.67.
BlackRock Capital Investment (NASDAQ:BKCC) last issued its earnings results on Wednesday, March 7th. The asset manager reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. BlackRock Capital Investment had a return on equity of 9.34% and a net margin of 21.47%. The business had revenue of $24.40 million for the quarter, compared to analyst estimates of $22.57 million. During the same quarter last year, the company earned $0.24 EPS. sell-side analysts forecast that BlackRock Capital Investment Co. will post 0.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 12.08%. The ex-dividend date of this dividend is Friday, March 16th. BlackRock Capital Investment’s dividend payout ratio (DPR) is presently 98.63%.
In other BlackRock Capital Investment news, Director Meridee Moore bought 125,000 shares of the business’s stock in a transaction dated Friday, March 23rd. The shares were acquired at an average price of $5.98 per share, with a total value of $747,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.11% of the stock is currently owned by company insiders.
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BlackRock Capital Investment Profile
BlackRock Capital Investment Corporation is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. The Company provides middle-market companies with a range of financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.
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