Blackrock Capital Investment Corp (BKCC) Announces $0.18 Quarterly Dividend
Blackrock Capital Investment Corp (NASDAQ:BKCC) announced a quarterly dividend on Thursday, March 8th, Wall Street Journal reports. Investors of record on Monday, March 19th will be paid a dividend of 0.18 per share by the asset manager on Monday, April 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 12.18%. The ex-dividend date of this dividend is Friday, March 16th.
Shares of Blackrock Capital Investment (BKCC) opened at $5.91 on Friday. The stock has a market capitalization of $431.78, a PE ratio of 7.99, a P/E/G ratio of 7.88 and a beta of 0.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 1.90. Blackrock Capital Investment has a 1-year low of $5.48 and a 1-year high of $7.88.
Blackrock Capital Investment (NASDAQ:BKCC) last issued its quarterly earnings data on Wednesday, March 7th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $24.40 million for the quarter, compared to analysts’ expectations of $22.57 million. Blackrock Capital Investment had a return on equity of 9.34% and a net margin of 21.47%. During the same quarter in the prior year, the firm posted $0.24 EPS. analysts expect that Blackrock Capital Investment will post 0.75 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. BidaskClub raised Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a report on Friday, March 2nd. JPMorgan Chase & Co. raised Blackrock Capital Investment from a “neutral” rating to an “overweight” rating and set a $7.50 price objective on the stock in a report on Tuesday, February 6th. Zacks Investment Research cut Blackrock Capital Investment from a “hold” rating to a “strong sell” rating in a report on Thursday, February 8th. Finally, ValuEngine raised Blackrock Capital Investment from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Blackrock Capital Investment currently has an average rating of “Hold” and a consensus target price of $7.42.
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About Blackrock Capital Investment
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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