Legal & General Group Plc maintained its position in BlackRock Capital Investment Corporation (NASDAQ:BKCC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,149 shares of the asset manager’s stock at the end of the first quarter. Legal & General Group Plc owned approximately 0.24% of BlackRock Capital Investment Corporation worth $1,290,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BKCC. Van ECK Associates Corp increased its stake in BlackRock Capital Investment Corporation by 29.3% in the first quarter. Van ECK Associates Corp now owns 556,760 shares of the asset manager’s stock worth $4,204,000 after buying an additional 126,008 shares during the last quarter. Muzinich & Co. Inc. increased its stake in BlackRock Capital Investment Corporation by 57.3% in the first quarter. Muzinich & Co. Inc. now owns 2,265,197 shares of the asset manager’s stock worth $17,102,000 after buying an additional 825,021 shares during the last quarter. AR Asset Management Inc. bought a new stake in BlackRock Capital Investment Corporation during the first quarter worth $208,000. Private Advisor Group LLC increased its stake in BlackRock Capital Investment Corporation by 20.6% in the first quarter. Private Advisor Group LLC now owns 32,599 shares of the asset manager’s stock worth $237,000 after buying an additional 5,565 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC bought a new stake in BlackRock Capital Investment Corporation during the first quarter worth $396,000. 31.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BlackRock Capital Investment Corporation (NASDAQ BKCC) opened at 7.53 on Friday. The company’s 50-day moving average is $7.55 and its 200 day moving average is $7.51. BlackRock Capital Investment Corporation has a 52-week low of $6.75 and a 52-week high of $8.87.
BlackRock Capital Investment Corporation (NASDAQ:BKCC) last issued its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. BlackRock Capital Investment Corporation had a negative net margin of 5.04% and a positive return on equity of 7.20%. The business had revenue of $25.24 million for the quarter, compared to the consensus estimate of $24.94 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. Equities research analysts expect that BlackRock Capital Investment Corporation will post $0.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 9.56%. The ex-dividend date of this dividend is Friday, September 15th. BlackRock Capital Investment Corporation’s payout ratio is currently -1,028.57%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of BlackRock Capital Investment Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub downgraded shares of BlackRock Capital Investment Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. ValuEngine downgraded shares of BlackRock Capital Investment Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods set a $8.00 price target on shares of BlackRock Capital Investment Corporation and gave the company a “hold” rating in a research note on Monday, April 10th.
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.
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