Equities analysts predict that Blackrock Capital Investment Corp (NASDAQ:BKCC) will post earnings of $0.14 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Blackrock Capital Investment’s earnings. Blackrock Capital Investment reported earnings of $0.16 per share during the same quarter last year, which indicates a negative year over year growth rate of 12.5%. The firm is scheduled to issue its next earnings report on Wednesday, March 4th.
According to Zacks, analysts expect that Blackrock Capital Investment will report full year earnings of $0.60 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $0.58 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Blackrock Capital Investment.
Blackrock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, October 30th. The asset manager reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Blackrock Capital Investment had a negative net margin of 47.38% and a positive return on equity of 9.30%. The company had revenue of $19.96 million for the quarter.
A number of equities analysts have recently weighed in on the stock. Wells Fargo & Co raised shares of Blackrock Capital Investment from a “market perform” rating to an “outperform” rating and set a $5.50 price target on the stock in a research note on Monday. ValuEngine raised shares of Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research note on Tuesday. BidaskClub cut shares of Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, August 16th. Finally, Zacks Investment Research raised shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.08.
In related news, insider James Keenan purchased 50,000 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $5.28 per share, with a total value of $264,000.00. Following the purchase, the insider now directly owns 91,000 shares in the company, valued at approximately $480,480. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Stelac Advisory Services LLC boosted its position in shares of Blackrock Capital Investment by 12.2% in the 3rd quarter. Stelac Advisory Services LLC now owns 22,621 shares of the asset manager’s stock worth $113,000 after buying an additional 2,459 shares in the last quarter. Creative Planning boosted its position in shares of Blackrock Capital Investment by 10.3% in the 2nd quarter. Creative Planning now owns 40,110 shares of the asset manager’s stock worth $242,000 after buying an additional 3,759 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of Blackrock Capital Investment by 8,000.0% in the 3rd quarter. NEXT Financial Group Inc now owns 8,100 shares of the asset manager’s stock worth $41,000 after buying an additional 8,000 shares in the last quarter. Aperio Group LLC boosted its position in shares of Blackrock Capital Investment by 18.7% in the 2nd quarter. Aperio Group LLC now owns 51,490 shares of the asset manager’s stock worth $310,000 after buying an additional 8,101 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Blackrock Capital Investment in the 2nd quarter worth about $61,000. Institutional investors and hedge funds own 29.74% of the company’s stock.
Shares of NASDAQ:BKCC traded up $0.07 on Friday, reaching $4.94. 221,400 shares of the company were exchanged, compared to its average volume of 331,294. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Blackrock Capital Investment has a 1-year low of $4.58 and a 1-year high of $6.64. The firm has a market cap of $342.12 million, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 8.28 and a beta of 0.72. The company has a 50-day moving average of $4.86 and a 200-day moving average of $5.60.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 11.34%. Blackrock Capital Investment’s dividend payout ratio (DPR) is presently 87.50%.
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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