13,500 Shares in BlackRock Capital Investment Corporation (BKCC) Acquired by Fieldpoint Private Securities LLC
Fieldpoint Private Securities LLC acquired a new position in shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,500 shares of the asset manager’s stock, valued at approximately $101,000.
Several other large investors also recently modified their holdings of BKCC. Private Advisor Group LLC raised its position in BlackRock Capital Investment by 21.2% in the 3rd quarter. Private Advisor Group LLC now owns 44,160 shares of the asset manager’s stock valued at $329,000 after purchasing an additional 7,737 shares during the last quarter. Pinebridge Investments L.P. raised its position in BlackRock Capital Investment by 46.8% in the 3rd quarter. Pinebridge Investments L.P. now owns 37,399 shares of the asset manager’s stock valued at $281,000 after purchasing an additional 11,931 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in BlackRock Capital Investment by 328.0% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 259,800 shares of the asset manager’s stock valued at $1,949,000 after purchasing an additional 199,100 shares during the last quarter. Citadel Advisors LLC purchased a new stake in BlackRock Capital Investment in the 3rd quarter valued at $269,000. Finally, Trexquant Investment LP purchased a new stake in BlackRock Capital Investment in the 3rd quarter valued at $106,000. Institutional investors and hedge funds own 31.18% of the company’s stock.
Shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) opened at $6.55 on Friday. BlackRock Capital Investment Corporation has a 12-month low of $6.42 and a 12-month high of $7.89. The company has a market cap of $477.08, a price-to-earnings ratio of 8.05, a P/E/G ratio of 8.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $0.72 annualized dividend and a yield of 10.99%. BlackRock Capital Investment’s dividend payout ratio is currently 257.14%.
Several research firms recently commented on BKCC. Zacks Investment Research upgraded shares of BlackRock Capital Investment from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Friday, November 3rd. J P Morgan Chase & Co reduced their price target on shares of BlackRock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. ValuEngine upgraded shares of BlackRock Capital Investment from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods set a $8.00 price target on shares of BlackRock Capital Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. BlackRock Capital Investment presently has a consensus rating of “Hold” and a consensus price target of $7.42.
In other news, Director Mark S. Lies acquired 50,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $6.72 per share, with a total value of $336,000.00. Following the purchase, the director now owns 155,000 shares of the company’s stock, valued at approximately $1,041,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Zugay acquired 15,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was purchased at an average cost of $6.62 per share, for a total transaction of $99,300.00. The disclosure for this purchase can be found here. Insiders acquired a total of 87,750 shares of company stock worth $584,553 over the last three months. 1.34% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.watchlistnews.com/13500-shares-in-blackrock-capital-investment-corporation-bkcc-acquired-by-fieldpoint-private-securities-llc/1767094.html.
BlackRock Capital Investment 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.
Receive News & Ratings for BlackRock Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.