Ares Management LLC reduced its position in shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,270,754 shares of the asset manager’s stock after selling 10,600 shares during the period. BlackRock Capital Investment Corporation makes up 0.2% of Ares Management LLC’s portfolio, making the stock its 16th biggest holding. Ares Management LLC’s holdings in BlackRock Capital Investment Corporation were worth $9,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Global Advisors LLC purchased a new position in shares of BlackRock Capital Investment Corporation during the second quarter worth about $100,000. Nine Chapters Capital Management LLC bought a new position in shares of BlackRock Capital Investment Corporation in the second quarter worth approximately $102,000. Global X Management Co. LLC increased its position in shares of BlackRock Capital Investment Corporation by 50.1% in the first quarter. Global X Management Co. LLC now owns 15,018 shares of the asset manager’s stock worth $113,000 after purchasing an additional 5,012 shares during the last quarter. Airain ltd bought a new position in shares of BlackRock Capital Investment Corporation in the second quarter worth approximately $123,000. Finally, GSA Capital Partners LLP bought a new position in shares of BlackRock Capital Investment Corporation in the second quarter worth approximately $127,000. Hedge funds and other institutional investors own 28.99% of the company’s stock.

BKCC has been the topic of a number of recent analyst reports. 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. ValuEngine upgraded shares of BlackRock Capital Investment Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Finally, BidaskClub cut shares of BlackRock Capital Investment Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th.

Shares of BlackRock Capital Investment Corporation (BKCC) remained flat at $7.51 on Wednesday. The company’s stock had a trading volume of 80,534 shares. BlackRock Capital Investment Corporation has a 52 week low of $6.75 and a 52 week high of $8.25. The firm has a 50-day moving average price of $7.25 and a 200-day moving average price of $7.43.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last posted its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). BlackRock Capital Investment Corporation had a positive return on equity of 7.20% and a negative net margin of 5.04%. The business had revenue of $25.24 million during the quarter, compared to analysts’ expectations of $24.94 million. During the same period in the prior year, the firm posted $0.30 earnings per share. Equities analysts forecast that BlackRock Capital Investment Corporation will post $0.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date was Friday, September 15th. BlackRock Capital Investment Corporation’s dividend payout ratio (DPR) is currently -1,028.57%.

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About BlackRock Capital Investment Corporation

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.

Institutional Ownership by Quarter for BlackRock Capital Investment Corporation (NASDAQ:BKCC)

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