BlackRock Capital Investment Corporation (NASDAQ:BKCC) CEO Michael J. Zugay bought 15,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average price of $6.62 per share, with a total value of $99,300.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of BlackRock Capital Investment Corporation (BKCC) traded down $0.08 during trading hours on Thursday, hitting $6.55. 478,850 shares of the stock were exchanged, compared to its average volume of 296,052. BlackRock Capital Investment Corporation has a 1-year low of $6.49 and a 1-year high of $7.90. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $485.13, a PE ratio of 8.20, a price-to-earnings-growth ratio of 8.41 and a beta of 0.88.
BlackRock Capital Investment (NASDAQ:BKCC) last announced its earnings results on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). BlackRock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The business had revenue of $22.76 million during the quarter, compared to analysts’ expectations of $24.75 million. During the same period in the previous year, the company posted $0.21 earnings per share. BlackRock Capital Investment’s quarterly revenue was down 12.9% on a year-over-year basis. equities research analysts forecast that BlackRock Capital Investment Corporation will post 0.79 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of BKCC. Janney Montgomery Scott LLC raised its holdings in BlackRock Capital Investment by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 27,813 shares of the asset manager’s stock worth $208,000 after purchasing an additional 218 shares in the last quarter. Eagle Global Advisors LLC acquired a new position in BlackRock Capital Investment during the second quarter worth about $100,000. Nine Chapters Capital Management LLC acquired a new position in BlackRock Capital Investment during the second quarter worth about $102,000. Legal & General Group Plc grew its position in BlackRock Capital Investment by 8.4% during 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 period. Finally, Essex Financial Services Inc. grew its position in BlackRock Capital Investment by 1.8% during the second quarter. Essex Financial Services Inc. now owns 91,628 shares of the asset manager’s stock worth $686,000 after buying an additional 1,589 shares during the period. 31.13% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of BlackRock Capital Investment from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine upgraded shares of BlackRock Capital Investment from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of BlackRock Capital Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods set a $8.00 price objective on shares of BlackRock Capital Investment and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, J P Morgan Chase & Co decreased their price objective on shares of BlackRock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. BlackRock Capital Investment has a consensus rating of “Hold” and a consensus price target of $7.42.
About BlackRock Capital Investment
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.
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