AR Asset Management Inc. Buys Shares of 27,500 Blackrock Capital Investment Corp (BKCC)

AR Asset Management Inc. bought a new position in shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,500 shares of the asset manager’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in Blackrock Capital Investment Corp during the fourth quarter worth about $381,000. Trexquant Investment LP raised its position in Blackrock Capital Investment Corp by 158.5% in the fourth quarter. Trexquant Investment LP now owns 31,385 shares of the asset manager’s stock worth $218,000 after buying an additional 19,246 shares during the last quarter. Private Advisor Group LLC raised its position in Blackrock Capital Investment Corp by 92.0% in the fourth quarter. Private Advisor Group LLC now owns 27,034 shares of the asset manager’s stock worth $201,000 after buying an additional 12,951 shares during the last quarter. Van ECK Associates Corp raised its position in Blackrock Capital Investment Corp by 21.8% in the fourth quarter. Van ECK Associates Corp now owns 430,752 shares of the asset manager’s stock worth $2,998,000 after buying an additional 77,138 shares during the last quarter. Finally, Armor Investment Advisors LLC purchased a new position in Blackrock Capital Investment Corp during the fourth quarter worth about $1,157,000. Institutional investors and hedge funds own 23.79% of the company’s stock.

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

Blackrock Capital Investment Corp (NASDAQ:BKCC) traded up 0.66% on Friday, reaching $7.57. 410,579 shares of the company were exchanged. The firm’s market capitalization is $551.15 million. The stock has a 50 day moving average of $7.39 and a 200 day moving average of $7.41. Blackrock Capital Investment Corp has a 12-month low of $6.75 and a 12-month high of $8.87.

Blackrock Capital Investment Corp (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, May 3rd. The asset manager reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $24.93 million for the quarter, compared to the consensus estimate of $24.41 million. Blackrock Capital Investment Corp had a negative net margin of 88.53% and a positive return on equity of 8.18%. Equities analysts anticipate that Blackrock Capital Investment Corp will post $0.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.72 dividend on an annualized basis and a yield of 9.51%. Blackrock Capital Investment Corp’s payout ratio is -59.57%.

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A number of research firms recently issued reports on BKCC. Zacks Investment Research lowered shares of Blackrock Capital Investment Corp from a “hold” rating to a “sell” rating in a research note on Friday, February 3rd. Keefe, Bruyette & Woods set a $8.00 target price on shares of Blackrock Capital Investment Corp and gave the company a “hold” rating in a research note on Monday, April 10th.

In other news, Chairman James Keenan acquired 10,000 shares of Blackrock Capital Investment Corp stock in a transaction on Friday, March 24th. The shares were purchased at an average cost of $7.33 per share, for a total transaction of $73,300.00. Following the completion of the purchase, the chairman now directly owns 11,100 shares of the company’s stock, valued at approximately $81,363. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael J. Zugay acquired 5,000 shares of Blackrock Capital Investment Corp stock in a transaction on Thursday, March 16th. The shares were purchased at an average price of $7.38 per share, for a total transaction of $36,900.00. Following the completion of the purchase, the chief executive officer now directly owns 400 shares of the company’s stock, valued at $2,952. The disclosure for this purchase can be found here. Insiders have acquired 59,500 shares of company stock worth $437,590 over the last quarter. Corporate insiders own 1.62% of the company’s stock.

Blackrock Capital Investment Corp 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.

12 Month Chart for NASDAQ:BKCC

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