Neuberger Berman Group LLC cut its stake in shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) by 53.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,578 shares of the asset manager’s stock after selling 19,847 shares during the period. Neuberger Berman Group LLC’s holdings in Blackrock Capital Investment were worth $132,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Trexquant Investment LP acquired a new position in Blackrock Capital Investment during the third quarter valued at approximately $106,000. Airain ltd acquired a new position in Blackrock Capital Investment during the second quarter valued at approximately $123,000. GSA Capital Partners LLP acquired a new position in Blackrock Capital Investment during the second quarter valued at approximately $127,000. Northern Trust Corp boosted its position in Blackrock Capital Investment by 50.3% during the second quarter. Northern Trust Corp now owns 17,598 shares of the asset manager’s stock valued at $131,000 after purchasing an additional 5,887 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its position in Blackrock Capital Investment by 65.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 24,783 shares of the asset manager’s stock valued at $186,000 after purchasing an additional 9,765 shares during the last quarter. 31.05% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman James Keenan bought 20,000 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $6.54 per share, for a total transaction of $130,800.00. Following the completion of the purchase, the chairman now owns 35,182 shares in the company, valued at $230,090.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Lies bought 50,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $6.72 per share, for a total transaction of $336,000.00. Following the purchase, the director now owns 155,000 shares of the company’s stock, valued at approximately $1,041,600. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 87,750 shares of company stock worth $584,553. 1.34% of the stock is owned by corporate insiders.
Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). Blackrock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The business had revenue of $22.76 million during the quarter, compared to analyst estimates of $24.75 million. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down 12.9% on a year-over-year basis. sell-side analysts anticipate that Blackrock Capital Investment Corp will post 0.74 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, December 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.67%. Blackrock Capital Investment’s dividend payout ratio (DPR) is currently 300.00%.
A number of analysts have recently issued reports on the company. ValuEngine raised Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Blackrock Capital Investment in a research report on Friday, November 10th. Zacks Investment Research cut Blackrock Capital Investment from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub raised Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, JPMorgan Chase & Co. cut their price objective on Blackrock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Blackrock Capital Investment currently has an average rating of “Hold” and a consensus price target of $7.42.
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Blackrock Capital Investment 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.
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