BlackRock Capital Investment Co. (NASDAQ:BKCC) short interest up 33.1% in June

BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating ) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 745,300 shares, a 33.1% increase from the May 31st total of 559,800 shares. Based on an average daily trading volume of 286,500 shares, the short interest ratio is currently 2.6 days. Approximately 1.1% of the stock’s shares are sold short.

A number of analysts recently commented on the company. StockNews.com assumed coverage on BlackRock Capital Investment in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet downgraded BlackRock Capital Investment from a “b-” rating to a “c” rating in a research note on Friday, March 18th.

Shares of NASDAQ BKCC opened at $3.70 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. The stock has a market cap of $272.73 million, a price-to-earnings ratio of 5.36 and a beta of 1.51. The stock’s fifty day simple moving average is $3.92 and the 200 day simple moving average is $4.06. BlackRock Capital Investment has a 52-week low of $3.43 and a 52-week high of $4.38.

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BlackRock Capital Investment (NASDAQ:BKCC – Get Rating ) last posted its earnings results on Monday, May 2. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $12.18 million for the quarter. BlackRock Capital Investment had a return on equity of 6.36% and a net margin of 115.90%. In the same quarter last year, the firm earned $0.06 earnings per share. As a group, analysts expect that BlackRock Capital Investment will post 0.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Monday, May 16th will be given a $0.10 dividend. This represents an annualized dividend of $0.40 and a dividend yield of 10.81%. The ex-dividend date is Friday, May 13th. BlackRock Capital Investment’s payout ratio is 57.97%.

Several hedge funds and other institutional investors have recently modified their holdings of BKCC. HighTower Advisors LLC purchased a new position in shares of BlackRock Capital Investment in the fourth quarter valued at $32,000. Ten Capital Wealth Advisors LLC purchased a new position in shares of BlackRock Capital Investment in the fourth quarter valued at $35,000. Ancora Advisors LLC increased its holdings in shares of of BlackRock Capital Investment by 42.4% in the first quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 3,960 shares in the last quarter. Texas Yale Capital Corp. purchased a new position in shares of BlackRock Capital Investment in the fourth quarter valued at $46,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of BlackRock Capital Investment in the first quarter valued at $46,000. The institutional investors and hedge funds own 23.02% of the company’s stock.

About BlackRock Capital Investment (Get Rating)

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 may invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.

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