Blackrock Capital Investment Corp (BKCC) Chairman Purchases $73,700.00 in Stock

Blackrock Capital Investment Corp (NASDAQ:BKCC) Chairman James Keenan purchased 10,000 shares of Blackrock Capital Investment Corp stock in a transaction dated Thursday, March 16th. The stock was acquired at an average price of $7.37 per share, for a total transaction of $73,700.00. Following the completion of the transaction, the chairman now owns 1,600 shares in the company, valued at approximately $11,792. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) traded down 0.67% during mid-day trading on Monday, reaching $7.42. 240,133 shares of the company traded hands. Blackrock Capital Investment Corp has a 52-week low of $6.75 and a 52-week high of $9.92. The stock’s 50 day moving average is $7.60 and its 200 day moving average is $7.68.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 20th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date is Thursday, March 16th. Blackrock Capital Investment Corp’s dividend payout ratio (DPR) is currently -59.57%.

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A number of institutional investors have recently made changes to their positions in BKCC. Royal Bank of Canada raised its position in shares of Blackrock Capital Investment Corp by 1,587.4% in the second quarter. Royal Bank of Canada now owns 26,357 shares of the company’s stock worth $205,000 after buying an additional 24,795 shares during the period. Muzinich & Co. Inc. raised its position in shares of Blackrock Capital Investment Corp by 11.7% in the third quarter. Muzinich & Co. Inc. now owns 1,089,033 shares of the company’s stock worth $9,017,000 after buying an additional 114,375 shares during the period. Punch & Associates Investment Management Inc. raised its position in shares of Blackrock Capital Investment Corp by 1.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 891,794 shares of the company’s stock worth $7,384,000 after buying an additional 12,484 shares during the period. Aperio Group LLC raised its position in shares of Blackrock Capital Investment Corp by 51.3% in the third quarter. Aperio Group LLC now owns 40,964 shares of the company’s stock worth $339,000 after buying an additional 13,885 shares during the period. Finally, Aviance Capital Partners LLC raised its position in shares of Blackrock Capital Investment Corp by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 204,650 shares of the company’s stock worth $1,696,000 after buying an additional 943 shares during the period. 23.79% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded shares of Blackrock Capital Investment Corp from a “sell” rating to a “hold” rating in a research report on Monday, January 9th.

About Blackrock Capital Investment Corp

BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital 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.

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