Spire Wealth Management reduced its stake in BlackRock Capital Investment Co. (NASDAQ:BKCC)


Spire Wealth Management reduced its position in BlackRock Capital Investment Co. (NASDAQ:BKCC – Get Rating ) by 50.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,529 shares of the asset manager’s stock after selling 7,518 shares during the period. Spire Wealth Management’s holdings in BlackRock Capital Investment were worth $32,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ares Management LLC boosted its holdings in BlackRock Capital Investment by 12.0% during the 4th quarter. Ares Management LLC now owns 5,140,256 shares of the asset manager’s stock valued at $20,561,000 after purchasing an additional 551,412 shares in the last quarter. Transcend Wealth Collective LLC boosted its holdings in BlackRock Capital Investment by 17.5% in the 4th quarter. Transcend Wealth Collective LLC now owns 525,175 shares of the asset manager’s stock valued at $2,101,000 after purchasing an additional 78,188 shares in the last quarter. Condor Capital Management boosted its holdings in BlackRock Capital Investment by 11.9% in the 4th quarter. Condor Capital Management now owns 245,741 shares of the asset manager’s stock valued at $983,000 after buying an additional 26,051 shares in the last quarter. Larson Financial Group LLC acquired a new stake in BlackRock Capital Investment in the 4th quarter valued at $688,000. Finally, Blair William & Co. IL acquired a new stake in BlackRock Capital Investment during the 4th quarter valued at $597,000. 23.02% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on BKCC. StockNews.com started coverage on BlackRock Capital Investment in a report on Thursday, March 31st. They assign a “hold” rating to the stock. TheStreet cut BlackRock Capital Investment from a “b-” rating to a “c” rating in a report on Friday, March 18th.

Shares of BKCC stock opened at $3.86 on Friday. BlackRock Capital Investment Co. has a 52-week low of $3.43 and a 52-week high of $4.38. The stock’s fifty day simple moving average is $3.88 and the 200 day simple moving average is $4.05. 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 $284.52 million, a price-to-earnings ratio of 5.59 and a beta of 1.51.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Monday, May 16th were given a $0.10 dividend. This represents an annualized dividend of $0.40 and a yield of 10.36%. The ex-dividend date was Friday, May 13th. BlackRock Capital Investment’s payout ratio is currently 57.97%.

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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Institutional Ownership by Quarter for BlackRock Capital Investment (NASDAQ:BKCC)



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