Cue Financial Group Inc. lowered its position in Blackrock Capital Investment Corp (NASDAQ:BKCC) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 78,500 shares of the asset manager’s stock after selling 8,700 shares during the quarter. Cue Financial Group Inc.’s holdings in Blackrock Capital Investment were worth $489,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BKCC. GSA Capital Partners LLP purchased a new position in shares of Blackrock Capital Investment in the 2nd quarter worth approximately $127,000. Pinebridge Investments L.P. boosted its stake in Blackrock Capital Investment by 0.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 25,468 shares of the asset manager’s stock worth $191,000 after purchasing an additional 109 shares in the last quarter. Northern Trust Corp boosted its stake in Blackrock Capital Investment by 50.3% in the 2nd quarter. Northern Trust Corp now owns 17,598 shares of the asset manager’s stock worth $131,000 after purchasing an additional 5,887 shares in the last quarter. M&T Bank Corp boosted its stake in Blackrock Capital Investment by 22.9% in the 2nd quarter. M&T Bank Corp now owns 107,358 shares of the asset manager’s stock worth $804,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Blackrock Capital Investment by 0.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 54,535 shares of the asset manager’s stock worth $408,000 after purchasing an additional 223 shares in the last quarter. 31.01% of the stock is currently owned by hedge funds and other institutional investors.

Blackrock Capital Investment Corp (NASDAQ BKCC) traded down $0.04 during mid-day trading on Tuesday, reaching $5.98. 394,347 shares of the company were exchanged, compared to its average volume of 425,472. The firm has a market cap of $437.57, a PE ratio of 24.92, a PEG ratio of 8.15 and a beta of 0.84. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Blackrock Capital Investment Corp has a one year low of $5.95 and a one year high of $7.89.

Blackrock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Blackrock Capital Investment had a return on equity of 9.67% and a net margin of 19.87%. The company had revenue of $22.76 million during the quarter, compared to analyst estimates of $24.75 million. During the same quarter last year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. sell-side analysts anticipate that Blackrock Capital Investment Corp will post 0.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 12.04%. The ex-dividend date was Monday, December 18th. Blackrock Capital Investment’s payout ratio is 300.00%.

In other Blackrock Capital Investment news, CEO Michael J. Zugay acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average cost of $6.62 per share, for a total transaction of $99,300.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman James Keenan acquired 20,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $6.54 per share, with a total value of $130,800.00. Following the completion of the purchase, the chairman now owns 35,182 shares in the company, valued at approximately $230,090.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 87,750 shares of company stock valued at $584,553. Company insiders own 1.34% of the company’s stock.

A number of analysts recently commented on BKCC shares. BidaskClub cut shares of Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 9th. ValuEngine upgraded shares of Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 target price on shares of Blackrock Capital Investment in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Blackrock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Blackrock Capital Investment has an average rating of “Hold” and an average price target of $7.42.

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

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