Zacks: Brokers expect BlackRock Capital Investment Co. (NASDAQ: BKCC) to post $0.08 a share profit
Stock analysts predict that BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating) will report earnings of $0.08 per share for the current quarter, reports Zacks Investment Research. Zero analysts released earnings estimates for BlackRock Capital Investment. BlackRock Capital Investment reported earnings of $0.07 per share in the same quarter last year, indicating a positive year-over-year growth rate of 14.3%. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect BlackRock Capital Investment to report annual earnings of $0.33 per share for the current year. For next year, analysts expect the company to post earnings of $0.35 per share. Zacks earnings per share calculations are an average based on a survey of research analysts who provide coverage for BlackRock Capital Investment.
BlackRock Capital Investment (NASDAQ:BKCC – Get Rating) last released quarterly earnings data on Monday, May 2. The asset manager reported EPS of $0.09 for the quarter, beating the consensus estimate of $0.08 by $0.01. BlackRock Capital Investment achieved a return on equity of 6.36% and a net margin of 115.90%. The company had revenue of $12.18 million in the quarter. In the same period a year earlier, the company posted earnings per share of $0.06.
A number of analysts have released reports on BKCC shares. TheStreet downgraded BlackRock Capital Investment from a “b-” rating to a “c” rating in a Friday, March 18 research note. Zacks Investment Research upgraded BlackRock Capital Investment from a “sell” rating to a “hold” rating in a Monday, May 2 research note. Finally, StockNews.com launched coverage on BlackRock Capital Investment in a research note on Thursday, March 31. They issued a “hold” rating for the company.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Ten Capital Wealth Advisors LLC bought a new stock position from BlackRock Capital Investment during Q4 worth $35,000. Raymond James Financial Services Advisors Inc. bought a new stock position from BlackRock Capital Investment during Q1 worth $46,000. Texas Yale Capital Corp. bought a new position in BlackRock Capital Investment during Q4, valued at around $46,000. Ancora Advisors LLC increased its stake in BlackRock Capital Investment by 42.4% in the 1st quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager valued at $45,000 after acquiring an additional 3,960 shares during the period. Finally, HighTower Advisors LLC bought a new position in BlackRock Capital Investment during Q4, valued at around $32,000. Institutional investors and hedge funds hold 23.02% of the company’s shares.
BKCC shares traded at $0.02 at midday Friday, hitting $4.09. The company had a trading volume of 409,398 shares, compared to an average volume of 216,407. BlackRock Capital Investment has a 1-year low of $3.75 and a 1-year high of $4.47. The stock has a market capitalization of $301.47 million, a PE ratio of 5.93 and a beta of 1.56. The company has a 50-day simple moving average of $4.12 and a 200-day simple moving average of $4.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt ratio of 0.49.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 7. Shareholders of record on Monday, May 16 will receive a dividend of $0.10 per share. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 9.78%. The ex-dividend date is Friday, May 13. BlackRock Capital Investment’s dividend payout ratio is currently 57.97%.
BlackRock Capital Investment Company Profile (Get an assessment)
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a business development firm specializing in investments in middle market companies. The fund invests in all sectors. She 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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