Blackrock Capital Investment (NASDAQ:BKCC) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Blackrock Capital Investment to post earnings of $0.14 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Blackrock Capital Investment (NASDAQ:BKCC) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The company had revenue of $19.66 million during the quarter, compared to analyst estimates of $20.45 million. Blackrock Capital Investment had a negative net margin of 6.24% and a positive return on equity of 9.42%. On average, analysts expect Blackrock Capital Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of BKCC stock opened at $4.70 on Tuesday. The stock has a market cap of $321.46 million, a PE ratio of 7.34, a price-to-earnings-growth ratio of 7.53 and a beta of 0.74. The business has a 50-day simple moving average of $4.94 and a 200-day simple moving average of $5.67. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.54. Blackrock Capital Investment has a 52-week low of $4.60 and a 52-week high of $6.64.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 16th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.56 annualized dividend and a dividend yield of 11.91%. Blackrock Capital Investment’s dividend payout ratio (DPR) is presently 87.50%.
Several brokerages have recently issued reports on BKCC. ValuEngine raised Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub cut Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a report on Friday, August 16th.
In other Blackrock Capital Investment news, CFO Michael Pungello purchased 6,500 shares of Blackrock Capital Investment stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $5.60 per share, with a total value of $36,400.00. Following the acquisition, the chief financial officer now owns 19,583 shares of the company’s stock, valued at approximately $109,664.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Keenan purchased 50,000 shares of Blackrock Capital Investment stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $5.28 per share, with a total value of $264,000.00. Following the acquisition, the insider now directly owns 91,000 shares in the company, valued at approximately $480,480. The disclosure for this purchase can be found here. Insiders purchased a total of 106,500 shares of company stock valued at $559,900 in the last ninety days. 1.10% of the stock is currently owned by insiders.
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.
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