Blackrock Capital Investment Corp (BKCC) CFO Michael Pungello Purchases 4,000 Shares

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.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 18th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.72 annualized dividend and a yield of 11.88%. Blackrock Capital Investment’s payout ratio is 112.50%.

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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