13,408 Shares in Blackrock Capital Investment Corp (NASDAQ:BKCC) Purchased by Brookstone Capital Management

Brookstone Capital Management purchased a new position in Blackrock Capital Investment Corp (NASDAQ:BKCC) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 13,408 shares of the asset manager’s stock, valued at approximately $67,000.

Other large investors have also bought and sold shares of the company. NEXT Financial Group Inc raised its position in Blackrock Capital Investment by 8,000.0% in the third quarter. NEXT Financial Group Inc now owns 8,100 shares of the asset manager’s stock worth $41,000 after purchasing an additional 8,000 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Blackrock Capital Investment during the second quarter worth approximately $61,000. Jane Street Group LLC acquired a new stake in shares of Blackrock Capital Investment during the second quarter worth approximately $63,000. First Allied Advisory Services Inc. acquired a new stake in shares of Blackrock Capital Investment during the second quarter worth approximately $65,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Blackrock Capital Investment during the second quarter worth approximately $98,000. 30.14% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Michael Pungello purchased 6,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $5.60 per share, with a total value of $36,400.00. Following the completion of the purchase, the chief financial officer now directly owns 19,583 shares of the company’s stock, valued at $109,664.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark S. Lies purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $5.19 per share, for a total transaction of $259,500.00. Following the completion of the purchase, the director now directly owns 230,000 shares of the company’s stock, valued at $1,193,700. The disclosure for this purchase can be found here. Insiders have bought 106,500 shares of company stock worth $559,900 over the last three months. 1.10% of the stock is owned by insiders.

NASDAQ BKCC opened at $4.79 on Wednesday. The firm has a market cap of $328.80 million, a price-to-earnings ratio of 7.48, a PEG ratio of 7.71 and a beta of 0.74. The company has a 50 day moving average of $5.00 and a 200-day moving average of $5.71. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Blackrock Capital Investment Corp has a 1-year low of $4.75 and a 1-year high of $6.64.

Blackrock Capital Investment (NASDAQ:BKCC) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $19.66 million for the quarter, compared to analyst estimates of $20.45 million. Blackrock Capital Investment had a positive return on equity of 9.42% and a negative net margin of 6.24%. On average, analysts forecast that Blackrock Capital Investment Corp will post 0.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 16th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 11.69%. The ex-dividend date was Friday, September 13th. Blackrock Capital Investment’s payout ratio is 87.50%.

BKCC has been the subject of several recent analyst reports. BidaskClub lowered shares of Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a report on Friday, August 16th. Zacks Investment Research raised shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, ValuEngine raised shares of Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.

Blackrock Capital Investment Profile

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

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