BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 506,400 shares, a decline of 24.9% from the October 15th total of 673,900 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 184,600 shares, the short-interest ratio is presently 2.7 days.
BlackRock Capital Investment Stock Performance
Shares of BKCC stock traded down $0.05 during trading hours on Friday, hitting $3.81. The company’s stock had a trading volume of 190,255 shares, compared to its average volume of 195,050. The company has a 50 day moving average of $3.68 and a 200 day moving average of $3.82. The stock has a market cap of $276.49 million, a PE ratio of 18.14 and a beta of 1.39. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.79. BlackRock Capital Investment has a 12-month low of $3.31 and a 12-month high of $4.38.
BlackRock Capital Investment Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.50%. The ex-dividend date of this dividend is Thursday, December 15th. BlackRock Capital Investment’s dividend payout ratio (DPR) is currently 190.48%.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of BlackRock Capital Investment in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.
Institutional Trading of BlackRock Capital Investment
Several large investors have recently made changes to their positions in BKCC. Lazard Asset Management LLC acquired a new position in shares of BlackRock Capital Investment in the 2nd quarter valued at $26,000. CIBC Private Wealth Group LLC acquired a new position in shares of BlackRock Capital Investment in the 2nd quarter valued at $37,000. Ancora Advisors LLC lifted its stake in shares of BlackRock Capital Investment by 42.4% in the 1st quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 3,960 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of BlackRock Capital Investment in the 1st quarter valued at $46,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of BlackRock Capital Investment in the 1st quarter valued at $60,000. 20.19% of the stock is owned by hedge funds and other institutional investors.
BlackRock Capital Investment Company 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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