Blackrock Capital Investment Corp (NASDAQ:BKCC) CFO Michael Pungello purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $6.27 per share, for a total transaction of $25,080.00. Following the acquisition, the chief financial officer now owns 13,083 shares of the company’s stock, valued at $82,030.41. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
BKCC opened at $6.06 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $419.24 million, a PE ratio of 9.47, a P/E/G ratio of 9.43 and a beta of 0.80. Blackrock Capital Investment Corp has a 1 year low of $5.06 and a 1 year high of $6.64.
Blackrock Capital Investment (NASDAQ:BKCC) last posted its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $19.32 million during the quarter, compared to analysts’ expectations of $21.20 million. Blackrock Capital Investment had a return on equity of 9.17% and a net margin of 11.81%. Sell-side analysts forecast that Blackrock Capital Investment Corp will post 0.64 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WealthPLAN Partners LLC acquired a new stake in Blackrock Capital Investment in the first quarter valued at approximately $64,000. Advisors Asset Management Inc. grew its holdings in Blackrock Capital Investment by 33.2% in the first quarter. Advisors Asset Management Inc. now owns 97,982 shares of the asset manager’s stock valued at $587,000 after purchasing an additional 24,396 shares during the period. Claybrook Capital LLC acquired a new stake in Blackrock Capital Investment in the first quarter valued at approximately $4,073,000. Muzinich & Co. Inc. acquired a new stake in Blackrock Capital Investment in the first quarter valued at approximately $5,264,000. Finally, Blair William & Co. IL grew its holdings in Blackrock Capital Investment by 50.0% in the first quarter. Blair William & Co. IL now owns 15,000 shares of the asset manager’s stock valued at $90,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 31.29% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 26th. BidaskClub lowered Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average target price of $6.00.
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About Blackrock Capital Investment
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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