BlackRock Capital Investment Corporation (NASDAQ:BKCC) – Research analysts at DA Davidson lowered their FY2017 earnings per share estimates for shares of BlackRock Capital Investment Corporation in a research note issued to investors on Thursday. DA Davidson analyst A. Cyganovich now anticipates that the asset manager will earn $0.65 per share for the year, down from their previous estimate of $0.82. DA Davidson also issued estimates for BlackRock Capital Investment Corporation’s Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.63 EPS.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of BlackRock Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub lowered shares of BlackRock Capital Investment Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine lowered shares of BlackRock Capital Investment Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $8.00 price target on shares of BlackRock Capital Investment Corporation and gave the stock a “hold” rating in a research report on Monday, April 10th.

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BlackRock Capital Investment Corporation (NASDAQ:BKCC) last announced its earnings results on Wednesday, August 2nd. The asset manager reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. The business had revenue of $25.24 million for the quarter, compared to analysts’ expectations of $24.94 million. BlackRock Capital Investment Corporation had a negative net margin of 5.04% and a positive return on equity of 7.20%. During the same quarter in the prior year, the company posted $0.30 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a yield of 9.56%. BlackRock Capital Investment Corporation’s payout ratio is presently -1,028.57%.

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in BlackRock Capital Investment Corporation by 8.4% in the second quarter. Legal & General Group Plc now owns 185,559 shares of the asset manager’s stock worth $1,393,000 after buying an additional 14,410 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new position in shares of BlackRock Capital Investment Corporation during the second quarter worth approximately $102,000. Eagle Global Advisors LLC purchased a new position in shares of BlackRock Capital Investment Corporation during the second quarter worth approximately $100,000. Janney Montgomery Scott LLC increased its position in shares of BlackRock Capital Investment Corporation by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 27,813 shares of the asset manager’s stock worth $208,000 after buying an additional 218 shares during the period. Finally, Aviance Capital Partners LLC increased its position in shares of BlackRock Capital Investment Corporation by 8.6% in the second quarter. Aviance Capital Partners LLC now owns 256,324 shares of the asset manager’s stock worth $1,920,000 after buying an additional 20,267 shares during the period. Hedge funds and other institutional investors own 31.69% of the company’s stock.

BlackRock Capital Investment Corporation Company 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.

Earnings History and Estimates for BlackRock Capital Investment Corporation (NASDAQ:BKCC)

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