Flaharty Asset Management LLC acquired a new stake in shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,152,918 shares of the asset manager’s stock, valued at approximately $8,393,000. BlackRock Capital Investment Corporation makes up 5.3% of Flaharty Asset Management LLC’s holdings, making the stock its 6th largest position.
Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in BlackRock Capital Investment Corporation by 92.0% in the fourth quarter. Private Advisor Group LLC now owns 27,034 shares of the asset manager’s stock valued at $201,000 after buying an additional 12,951 shares in the last quarter. Trexquant Investment LP raised its position in BlackRock Capital Investment Corporation by 158.5% in the fourth quarter. Trexquant Investment LP now owns 31,385 shares of the asset manager’s stock valued at $218,000 after buying an additional 19,246 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in BlackRock Capital Investment Corporation during the fourth quarter valued at $381,000. A.R.T. Advisors LLC purchased a new position in BlackRock Capital Investment Corporation during the fourth quarter valued at $155,000. Finally, Two Sigma Investments LP raised its position in BlackRock Capital Investment Corporation by 167.1% in the fourth quarter. Two Sigma Investments LP now owns 477,391 shares of the asset manager’s stock valued at $3,323,000 after buying an additional 298,647 shares in the last quarter. 32.37% of the stock is currently owned by institutional investors and hedge funds.
BlackRock Capital Investment Corporation (BKCC) traded up 0.54% during trading on Monday, hitting $7.50. The stock had a trading volume of 236,715 shares. BlackRock Capital Investment Corporation has a 12-month low of $6.75 and a 12-month high of $8.87. The company has a 50 day moving average of $7.59 and a 200-day moving average of $7.47.
BlackRock Capital Investment Corporation (NASDAQ:BKCC) last issued its earnings results on Wednesday, May 3rd. The asset manager reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. BlackRock Capital Investment Corporation had a positive return on equity of 8.30% and a negative net margin of 28.25%. The firm had revenue of $24.93 million for the quarter, compared to the consensus estimate of $24.41 million. On average, analysts forecast that BlackRock Capital Investment Corporation will post $0.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be paid a $0.18 dividend. 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 9.65%. BlackRock Capital Investment Corporation’s dividend payout ratio (DPR) is currently -171.42%.
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BKCC has been the topic of several research analyst reports. Zacks Investment Research raised BlackRock Capital Investment Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, March 9th. Keefe, Bruyette & Woods set a $8.00 price objective on BlackRock Capital Investment Corporation and gave the company a “hold” rating in a research note on Monday, April 10th.
In related news, Director John R. Baron purchased 7,000 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was bought at an average price of $7.32 per share, for a total transaction of $51,240.00. Following the purchase, the director now owns 17,000 shares in the company, valued at approximately $124,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James Keenan purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were bought at an average price of $7.33 per share, with a total value of $73,300.00. Following the purchase, the chairman now owns 11,100 shares in the company, valued at approximately $81,363. The disclosure for this purchase can be found here. Insiders acquired 19,500 shares of company stock worth $142,740 in the last 90 days. Corporate insiders own 1.34% of the company’s stock.
About BlackRock Capital Investment Corporation
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.
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