Steelhead Partners LLC bought a new position in Blackrock Capital Investment Corp (NASDAQ:BKCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 200,000 shares of the asset manager’s stock, valued at approximately $1,246,000. Steelhead Partners LLC owned approximately 0.27% of Blackrock Capital Investment as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in BKCC. Two Sigma Securities LLC bought a new position in Blackrock Capital Investment during the 4th quarter valued at approximately $174,000. Two Sigma Investments LP increased its position in Blackrock Capital Investment by 149.5% during the 4th quarter. Two Sigma Investments LP now owns 643,606 shares of the asset manager’s stock valued at $4,010,000 after buying an additional 385,641 shares in the last quarter. Two Sigma Advisers LP increased its position in Blackrock Capital Investment by 163.3% during the 4th quarter. Two Sigma Advisers LP now owns 841,321 shares of the asset manager’s stock valued at $5,241,000 after buying an additional 521,800 shares in the last quarter. Portland Investment Counsel Inc. bought a new position in Blackrock Capital Investment during the 4th quarter valued at approximately $252,000. Finally, Geode Capital Management LLC increased its position in Blackrock Capital Investment by 312.4% during the 4th quarter. Geode Capital Management LLC now owns 332,434 shares of the asset manager’s stock valued at $2,071,000 after buying an additional 251,819 shares in the last quarter. 33.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) opened at $5.91 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.90 and a current ratio of 1.90. Blackrock Capital Investment Corp has a 52 week low of $5.48 and a 52 week high of $7.88. The company has a market capitalization of $431.78, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 7.88 and a beta of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.72 annualized dividend and a yield of 12.18%. Blackrock Capital Investment’s dividend payout ratio is 257.14%.
A number of research analysts recently weighed in on the company. BidaskClub raised Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, March 2nd. Zacks Investment Research lowered Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised Blackrock Capital Investment from a “neutral” rating to an “overweight” rating and set a $7.50 price objective for the company in a research report on Tuesday, February 6th. Finally, ValuEngine upgraded Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.42.
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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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