Blackrock Capital Investment Corp (NASDAQ:BKCC) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.14 per share by the asset manager on Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.69%. The ex-dividend date of this dividend is Friday, September 13th.

Blackrock Capital Investment has decreased its dividend by an average of 5.0% per year over the last three years. Blackrock Capital Investment has a payout ratio of 86.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Blackrock Capital Investment to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 78.9%.

BKCC opened at $5.24 on Thursday. The stock has a market cap of $362.10 million, a price-to-earnings ratio of 8.19, a PEG ratio of 8.31 and a beta of 0.76. The business has a 50 day moving average of $5.43 and a 200-day moving average of $5.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.54. Blackrock Capital Investment has a 12-month low of $5.06 and a 12-month high of $6.64.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $19.66 million for the quarter, compared to analyst estimates of $20.45 million. Blackrock Capital Investment had a positive return on equity of 9.42% and a negative net margin of 6.24%. As a group, analysts expect that Blackrock Capital Investment will post 0.63 earnings per share for the current year.

Several analysts recently weighed in on the company. ValuEngine cut Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a report on Thursday, September 5th. Zacks Investment Research raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Monday. Finally, BidaskClub cut Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has an average rating of “Sell” and a consensus target price of $6.25.

In related news, CFO Michael Pungello acquired 6,500 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $5.60 per share, for a total transaction of $36,400.00. Following the purchase, the chief financial officer now directly owns 19,583 shares in the company, valued at $109,664.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark S. Lies acquired 50,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $5.19 per share, for a total transaction of $259,500.00. Following the purchase, the director now owns 230,000 shares in the company, valued at $1,193,700. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 106,500 shares of company stock valued at $559,900. 1.10% of the stock is currently owned by insiders.

About Blackrock Capital Investment

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.

See Also: Fundamental Analysis

Dividend History for Blackrock Capital Investment (NASDAQ:BKCC)

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