Analysts Expect Blackrock Capital Investment Corp (BKCC) Will Post Earnings of $0.19 Per Share

Wall Street analysts forecast that Blackrock Capital Investment Corp (NASDAQ:BKCC) will post $0.19 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Blackrock Capital Investment Corp’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.17. Blackrock Capital Investment Corp reported earnings of $0.28 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.1%. The business is expected to announce its next earnings results on Wednesday, July 26th.

On average, analysts expect that Blackrock Capital Investment Corp will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.83. For the next financial year, analysts anticipate that the firm will report earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.91. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Blackrock Capital Investment Corp.

Blackrock Capital Investment Corp (NASDAQ:BKCC) last released its earnings results on Wednesday, May 3rd. The asset manager reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $24.93 million during the quarter, compared to analyst estimates 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%.

A number of research analysts have issued reports on BKCC shares. Keefe, Bruyette & Woods set a $8.00 price target on Blackrock Capital Investment Corp and gave the company a “hold” rating in a report on Monday, April 10th. Zacks Investment Research raised Blackrock Capital Investment Corp from a “sell” rating to a “hold” rating in a report on Thursday, March 9th.

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Shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) opened at 7.47 on Wednesday. Blackrock Capital Investment Corp 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 $7.35 and a 200 day moving average of $7.42. The stock’s market capitalization is $543.87 million.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date is Thursday, June 15th. Blackrock Capital Investment Corp’s payout ratio is presently -59.57%.

In other Blackrock Capital Investment Corp news, Chairman James Keenan acquired 10,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was acquired at an average cost of $7.37 per share, for a total transaction of $73,700.00. Following the completion of the transaction, the chairman now directly owns 1,600 shares of the company’s stock, valued at $11,792. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John R. Baron acquired 7,000 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was acquired at an average price of $7.32 per share, with a total value of $51,240.00. Following the completion of the transaction, the director now directly owns 17,000 shares of the company’s stock, valued at $124,440. The disclosure for this purchase can be found here. Insiders acquired 59,500 shares of company stock valued at $437,590 over the last three months. 1.62% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. boosted its stake in Blackrock Capital Investment Corp by 1.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 891,794 shares of the asset manager’s stock worth $7,384,000 after buying an additional 12,484 shares during the period. Aviance Capital Partners LLC boosted its stake in Blackrock Capital Investment Corp by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 204,650 shares of the asset manager’s stock worth $1,696,000 after buying an additional 943 shares during the period. UBS Group AG boosted its stake in Blackrock Capital Investment Corp by 5.1% in the third quarter. UBS Group AG now owns 1,015,160 shares of the asset manager’s stock worth $8,406,000 after buying an additional 48,876 shares during the period. Ares Management LLC boosted its stake in Blackrock Capital Investment Corp by 144.1% in the third quarter. Ares Management LLC now owns 1,136,354 shares of the asset manager’s stock worth $9,409,000 after buying an additional 670,786 shares during the period. Finally, Nuveen Fund Advisors LLC boosted its stake in Blackrock Capital Investment Corp by 13.1% in the third quarter. Nuveen Fund Advisors LLC now owns 223,275 shares of the asset manager’s stock worth $1,849,000 after buying an additional 25,944 shares during the period. Institutional investors and hedge funds own 23.79% of the company’s stock.

About Blackrock Capital Investment Corp

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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