BlackRock Kelso Capital Corp. Insider Blackrock Kelso Capital Adviso Purchases 30,000 Shares (BKCC)
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) Insider Blackrock Kelso Capital Adviso purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $8.44 per share, for a total transaction of $253,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of BlackRock Kelso Capital Corp. (NASDAQ:BKCC) traded up 0.71% on Wednesday, hitting $8.47. 1,261,501 shares of the company’s stock traded hands. BlackRock Kelso Capital Corp. has a one year low of $8.25 and a one year high of $10.35. The stock has a 50-day moving average of $9.1 and a 200-day moving average of $9.38. The company has a market cap of $632.3 million and a P/E ratio of 7.65.
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.04. On average, analysts predict that BlackRock Kelso Capital Corp. will post $0.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.92%. The ex-dividend date is Monday, June 16th.
A number of analysts have recently weighed in on BKCC shares. Analysts at Keefe, Bruyette & Woods cut their price target on shares of BlackRock Kelso Capital Corp. from $10.25 to $9.75 in a research note on Friday, May 2nd. Separately, analysts at Evercore Partners cut their price target on shares of BlackRock Kelso Capital Corp. from $11.00 to $10.00 in a research note on Friday, May 2nd. Finally, analysts at Credit Suisse cut their price target on shares of BlackRock Kelso Capital Corp. from $10.00 to $9.50 in a research note on Monday, March 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. BlackRock Kelso Capital Corp. currently has an average rating of “Hold” and an average target price of $9.84.
BlackRock Kelso Capital Corporation (NASDAQ:BKCC) is an externally-managed, non-diversified closed-end management investment company.
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