BlackRock Capital Investment Co. (NASDAQ:BKCC) Shares Sold by Telemus Capital LLC

Telemus Capital LLC reduced its stake in shares of BlackRock Capital Investment Co. (NASDAQ:BKCC) by 8.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,405,715 shares of the asset manager’s stock after selling 127,102 shares during the period. Telemus Capital LLC’s holdings in BlackRock Capital Investment were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Narwhal Capital Management bought a new position in BlackRock Capital Investment during the 4th quarter worth $54,000. International Assets Investment Management LLC grew its stake in BlackRock Capital Investment by 287.5% during the 4th quarter. International Assets Investment Management LLC now owns 49,412 shares of the asset manager’s stock worth $191,000 after buying an additional 36,662 shares during the last quarter. Almitas Capital LLC grew its stake in BlackRock Capital Investment by 81.5% during the 3rd quarter. Almitas Capital LLC now owns 853,697 shares of the asset manager’s stock worth $3,167,000 after buying an additional 383,363 shares during the last quarter. EHP Funds Inc. bought a new position in BlackRock Capital Investment during the 3rd quarter worth $267,000. Finally, Alpine Global Management LLC grew its stake in BlackRock Capital Investment by 157.2% during the 3rd quarter. Alpine Global Management LLC now owns 512,774 shares of the asset manager’s stock worth $1,902,000 after buying an additional 313,389 shares during the last quarter. 18.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on BlackRock Capital Investment from $3.50 to $3.75 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. StockNews.com began coverage on BlackRock Capital Investment in a research note on Sunday. They issued a “hold” rating for the company.

BlackRock Capital Investment Trading Up 0.3 %

NASDAQ:BKCC opened at $3.68 on Tuesday. BlackRock Capital Investment Co. has a 1 year low of $3.03 and a 1 year high of $4.03. The stock has a market cap of $267.06 million, a price-to-earnings ratio of 10.22 and a beta of 1.41. The business has a fifty day moving average of $3.71 and a 200-day moving average of $3.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.11 and a current ratio of 1.11.

BlackRock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. BlackRock Capital Investment had a return on equity of 11.54% and a net margin of 32.65%. The company had revenue of $20.31 million during the quarter, compared to analysts’ expectations of $20.32 million. Equities analysts predict that BlackRock Capital Investment Co. will post 0.44 earnings per share for the current year.

BlackRock Capital Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 10.87%. BlackRock Capital Investment’s dividend payout ratio is currently 111.11%.

BlackRock Capital Investment Company Profile

BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It 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.