Short Interest in Blackrock Kelso Capital Corp. Decreases By 28.1% (BKCC)
Blackrock Kelso Capital Corp. (NASDAQ:BKCC) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 741,884 shares, a drop of 28.1% from the July 31st total of 1,031,236 shares, Analyst RN reports. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 360,364 shares, the days-to-cover ratio is currently 2.1 days.
BKCC has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Blackrock Kelso Capital Corp. in a research note on Thursday. They now have a $9.50 price target on the stock, down previously from $10.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Blackrock Kelso Capital Corp. from $9.75 to $9.50 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Blackrock Kelso Capital Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a $9.75 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Blackrock Kelso Capital Corp. presently has an average rating of “Hold” and an average price target of $9.63.
Shares of Blackrock Kelso Capital Corp. (NASDAQ:BKCC) opened at 9.22 on Friday. Blackrock Kelso Capital Corp. has a one year low of $8.25 and a one year high of $10.00. The stock has a 50-day moving average of $9.0 and a 200-day moving average of $9.04. The company has a market cap of $687.4 million and a price-to-earnings ratio of 7.03.
Blackrock Kelso Capital Corp. (NASDAQ:BKCC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. The company had revenue of $33.76 million for the quarter, compared to the consensus estimate of $31.82 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, analysts predict that Blackrock Kelso Capital Corp. will post $0.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Friday, September 19th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.11%. The ex-dividend date is Wednesday, September 17th.
BlackRock Kelso Capital Corporation (NASDAQ:BKCC) is an externally-managed, non-diversified closed-end management investment company.
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