Bank of America Corp DE boosted its stake in shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) by 98.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,043 shares of the asset manager’s stock after buying an additional 50,120 shares during the period. Bank of America Corp DE owned 0.14% of Blackrock Capital Investment worth $535,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Telemus Capital LLC raised its position in Blackrock Capital Investment by 12.1% in the fourth quarter. Telemus Capital LLC now owns 3,050,174 shares of the asset manager’s stock valued at $16,135,000 after purchasing an additional 328,058 shares during the period. LSV Asset Management raised its holdings in shares of Blackrock Capital Investment by 4.4% in the 4th quarter. LSV Asset Management now owns 2,701,390 shares of the asset manager’s stock valued at $14,290,000 after buying an additional 114,400 shares during the period. Nomura Holdings Inc. raised its holdings in shares of Blackrock Capital Investment by 8.6% in the 4th quarter. Nomura Holdings Inc. now owns 1,146,348 shares of the asset manager’s stock valued at $6,100,000 after buying an additional 90,554 shares during the period. PFG Advisors purchased a new stake in shares of Blackrock Capital Investment in the 4th quarter valued at $415,000. Finally, Eagle Global Advisors LLC purchased a new stake in shares of Blackrock Capital Investment in the 4th quarter valued at $159,000. 31.27% of the stock is currently owned by institutional investors.
Shares of NASDAQ BKCC traded down $0.01 during trading hours on Tuesday, reaching $6.23. The stock had a trading volume of 198,228 shares, compared to its average volume of 297,225. The stock has a market cap of $428.85 million, a PE ratio of 9.73, a price-to-earnings-growth ratio of 9.63 and a beta of 0.78. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. Blackrock Capital Investment Corp has a fifty-two week low of $5.06 and a fifty-two week high of $6.64.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 18th will be given a $0.18 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.56%. Blackrock Capital Investment’s dividend payout ratio (DPR) is presently 112.50%.
BKCC has been the topic of several recent research reports. Zacks Investment Research downgraded Blackrock Capital Investment from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. BidaskClub cut Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Blackrock Capital Investment currently has a consensus rating of “Hold” and a consensus target price of $6.00.
In related news, CFO Michael Pungello acquired 4,000 shares of Blackrock Capital Investment stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $6.27 per share, with a total value of $25,080.00. Following the purchase, the chief financial officer now directly owns 13,083 shares in the company, valued at $82,030.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
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Blackrock Capital Investment Company Profile
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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