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 hedge fund recently raised its stake in Blackrock Capital Investment stock. Northern Trust Corp boosted its holdings in Blackrock Capital Investment Corp (NASDAQ:BKCC) by 50.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,598 shares of the asset manager’s stock after acquiring an additional 5,887 shares during the quarter. Northern Trust Corp’s holdings in Blackrock Capital Investment were worth $131,000 at the end of the most recent reporting period. 33.50% of the stock is currently owned by institutional investors.

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.

Dividend History for Blackrock Capital Investment (NASDAQ:BKCC)

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