Zacks: Analysts expect BlackRock Capital Investment Co. (NASDAQ: BKCC) to report EPS of $0.09

Wall Street analysts expect BlackRock Capital Investment Co. (NASDAQ:BKCC) to report earnings per share (EPS) of $0.09 for the current quarter, according to Zacks. Zero analysts provided earnings estimates for BlackRock Capital Investment. BlackRock Capital Investment reported earnings of $0.10 per share in the same quarter last year, which would indicate a negative 10% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Wednesday, March 2.

On average, analysts expect BlackRock Capital Investment to report annual earnings of $0.27 per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of $0.37 per share. Zacks earnings per share calculations are an average based on a survey of sell-side research analysts who follow BlackRock Capital Investment.

BlackRock Capital Investment (NASDAQ:BKCC) last released its results on Tuesday, November 2. The asset manager reported EPS of $0.08 for the quarter, missing analyst consensus estimates of $0.09 per ($0.01). BlackRock Capital Investment posted a net margin of 144.50% and a return on equity of 6.36%. The company had revenue of $12.51 million for the quarter. During the same period of the previous year, the company achieved EPS of $0.12.

A number of equity research analysts have weighed in on BKCC shares recently. Wells Fargo & Company raised its price target on BlackRock Capital Investment from $4.25 to $4.50 and gave the company an “overweight” rating in a Monday, October 25 research report. TheStreet upgraded BlackRock Capital Investment from a ‘c’ to a ‘b-‘ rating in a research report on Monday, November 29. Finally, Zacks Investment Research upgraded BlackRock Capital Investment from a “sell” to a “hold” rating in a Wednesday, Jan. 5 research report.

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Hedge funds and other institutional investors have recently changed their positions in the stock. Zeke Capital Advisors LLC acquired a new stake in BlackRock Capital Investment during Q2 for a value of approximately $2,705,000. First Manhattan Co. acquired a new stake in shares of BlackRock Capital Investment during the third quarter at a value of $1,695,000. Ares Management LLC increased its holdings of BlackRock Capital Investment shares by 8.5% during the third quarter. Ares Management LLC now owns 4,588,844 shares of the asset manager worth $17,667,000 after purchasing an additional 358,706 shares in the last quarter. Transcend Wealth Collective LLC acquired a new equity stake from BlackRock Capital Investment during the second quarter valued at $1,211,000. Finally, Millennium Management LLC increased its stake in BlackRock Capital Investment by 22.9% in the third quarter. Millennium Management LLC now owns 562,422 shares of the asset manager valued at $2,165,000 after acquiring an additional 104,874 shares in the last quarter. 25.05% of the shares are held by hedge funds and other institutional investors.

Shares of BKCC traded at $0.04 in midday trading on Monday, reaching $4.11. 1,468 shares were traded, against an average volume of 332,353. BlackRock Capital Investment has a 52-week low of $3.00 and a 52-week high of $4.47. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt ratio of 0.57. The company’s 50-day moving average is $4.14 and its two-hundred-day moving average is $4.10. The company has a market capitalization of $304.02 million, a P/E ratio of 4.72 and a beta of 1.75.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 6. Shareholders of record on Thursday, December 16 received a dividend of $0.10 per share. The ex-dividend date was Wednesday, December 15. This represents an annualized dividend of $0.40 and a dividend yield of 9.73%. BlackRock Capital Investment’s dividend payout ratio is currently 45.98%.

BlackRock Capital Investment Company Profile

BlackRock Capital Investment Corp, an exchange-traded fund, seeks investment opportunities in middle-market companies located in the United States and Canada with revenues of $50 million to $1 billion. The fund targets companies operating in consumer services, technology, distribution, business services, healthcare services, retail, finance, transportation.

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