Short-term stake in BlackRock Capital Investment Co. (NASDAQ:BKCC) drops 24.9%

BlackRock Capital Investment Co. (NASDAQ: BKCCGet a rating) saw a sharp drop in short-term interest rates during October. As of October 31, there was short interest totaling 506,400 shares, down 24.9% from the total of 673,900 shares as of October 15. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 184,600 shares, the short interest ratio is currently 2.7 days.

Performance of BlackRock Capital Investment shares

Shares of BKCC Stock traded down $0.05 during Friday trading hours, hitting $3.81. The company’s stock had a trading volume of 190,255 shares, compared to an average volume of 195,050. The company has a 50-day moving average of $3.68 and a 200-day moving average of $3.82. The stock has a market capitalization of $276.49 million, a PE ratio of 18.14 and a beta of 1.39. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt ratio of 0.79. BlackRock Capital Investment has a 12-month low of $3.31 and a 12-month high of $4.38.

BlackRock Capital Investment announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 6. Shareholders of record on Friday, December 16 will receive a dividend of $0.10. This represents an annualized dividend of $0.40 and a dividend yield of 10.50%. The ex-date of this dividend is Thursday, December 15. BlackRock Capital Investment‘s dividend payout ratio (DPR) is currently 190.48%.

Changes to analyst ratings

Separately, assumed coverage of BlackRock Capital Investment shares in a report on Wednesday, October 12. They issued a “hold” rating on the stock.

BlackRock Capital Investment Institutional Trading

Several large investors have recently changed their positions in BKCC. Lazard Asset Management LLC acquired a new equity position from BlackRock Capital Investment in Q2 worth $26,000. CIBC Private Wealth Group LLC acquired a new equity position from BlackRock Capital Investment in Q2 worth $37,000. Ancora Advisors LLC increased its stake in shares of BlackRock Capital Investment by 42.4% in the 1st quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager valued at $45,000 after purchasing an additional 3,960 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of BlackRock Capital Investment in Q1 worth $46,000. Finally, Cetera Advisor Networks LLC acquired a new stock position from BlackRock Capital Investment in Q1 worth $60,000. 20.19% of the shares are held by hedge funds and other institutional investors.

BlackRock Capital Investment Company Profile

(Get a rating)

BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a business development firm specializing in investments in middle market companies. The fund invests in all sectors. She prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.

Further reading

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