Clifford Swan Investment Counsel LLC Takes $316,000 Position in BlackRock Capital Investment Co. (BKCC)
Clifford Swan Investment Counsel LLC bought a new position in BlackRock Capital Investment Co. (NASDAQ:BKCC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 52,400 shares of the asset manager’s stock, valued at approximately $316,000. Clifford Swan Investment Counsel LLC owned 0.07% of BlackRock Capital Investment as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of BKCC. Millennium Management LLC increased its position in BlackRock Capital Investment by 186.6% during the 4th quarter. Millennium Management LLC now owns 1,086,117 shares of the asset manager’s stock valued at $6,767,000 after purchasing an additional 707,095 shares during the period. Two Sigma Advisers LP increased its position in BlackRock Capital Investment by 163.3% during the 4th quarter. Two Sigma Advisers LP now owns 841,321 shares of the asset manager’s stock valued at $5,241,000 after purchasing an additional 521,800 shares during the period. Two Sigma Investments LP increased its position in BlackRock Capital Investment by 149.5% during the 4th quarter. Two Sigma Investments LP now owns 643,606 shares of the asset manager’s stock valued at $4,010,000 after purchasing an additional 385,641 shares during the period. Geode Capital Management LLC increased its position in BlackRock Capital Investment by 312.4% during the 4th quarter. Geode Capital Management LLC now owns 332,434 shares of the asset manager’s stock valued at $2,071,000 after purchasing an additional 251,819 shares during the period. Finally, Steelhead Partners LLC purchased a new position in BlackRock Capital Investment during the 4th quarter valued at $1,246,000. 35.92% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on BKCC shares. ValuEngine raised shares of BlackRock Capital Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. BidaskClub raised shares of BlackRock Capital Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Zacks Investment Research raised shares of BlackRock Capital Investment from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Finally, JPMorgan Chase raised shares of BlackRock Capital Investment from a “neutral” rating to an “overweight” rating and set a $7.50 target price on the stock in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.42.
NASDAQ:BKCC opened at $6.13 on Friday. The stock has a market capitalization of $442.00 million, a PE ratio of 8.87, a price-to-earnings-growth ratio of 8.16 and a beta of 0.68. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56. BlackRock Capital Investment Co. has a 1-year low of $6.10 and a 1-year high of $6.14.
BlackRock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, May 2nd. The asset manager reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The business had revenue of $20.84 million during the quarter, compared to analysts’ expectations of $20.94 million. BlackRock Capital Investment had a return on equity of 9.02% and a net margin of 6.07%. analysts forecast that BlackRock Capital Investment Co. will post 0.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Stockholders of record on Monday, June 18th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date of this dividend is Friday, June 15th. BlackRock Capital Investment’s dividend payout ratio is presently 98.63%.
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.
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