Blackrock Capital Investment Corp (NASDAQ:BKCC) Short Interest Update

Blackrock Capital Investment Corp (NASDAQ:BKCC) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 499,800 shares, an increase of 18.6% from the September 30th total of 421,400 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 371,400 shares, the short-interest ratio is presently 1.3 days.

In other news, Director Mark S. Lies acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $5.19 per share, with a total value of $259,500.00. Following the transaction, the director now directly owns 230,000 shares in the company, valued at $1,193,700. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc boosted its holdings in shares of Blackrock Capital Investment by 8,000.0% in the 3rd quarter. NEXT Financial Group Inc now owns 8,100 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 8,000 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of Blackrock Capital Investment in the 3rd quarter valued at $55,000. Trexquant Investment LP purchased a new stake in shares of Blackrock Capital Investment in the 2nd quarter valued at $61,000. Jane Street Group LLC purchased a new stake in shares of Blackrock Capital Investment in the 2nd quarter valued at $63,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Blackrock Capital Investment in the 2nd quarter valued at $65,000. 29.74% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BKCC traded up $0.04 during trading hours on Tuesday, hitting $4.99. 5,460 shares of the company were exchanged, compared to its average volume of 375,936. The stock has a market capitalization of $340.05 million, a price-to-earnings ratio of 7.80, a PEG ratio of 8.23 and a beta of 0.72. Blackrock Capital Investment has a 52-week low of $4.58 and a 52-week high of $6.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50 day moving average price is $4.85 and its 200-day moving average price is $5.59.

Blackrock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, October 30th. The asset manager reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $19.96 million for the quarter. Blackrock Capital Investment had a negative net margin of 47.38% and a positive return on equity of 9.30%. On average, equities analysts predict that Blackrock Capital Investment will post 0.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 11.22%. The ex-dividend date is Tuesday, December 17th. Blackrock Capital Investment’s dividend payout ratio is presently 87.50%.

Several analysts have weighed in on BKCC shares. BidaskClub downgraded shares of Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a research report on Friday, August 16th. Wells Fargo & Co raised shares of Blackrock Capital Investment from a “market perform” rating to an “outperform” rating and set a $5.50 target price on the stock in a research report on Monday, November 4th. ValuEngine raised shares of Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Zacks Investment Research raised shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.08.

About Blackrock Capital Investment

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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