BlackRock Capital Investment Corporation (NASDAQ: BKCC) stock jumped 1.90% on Monday to $3.76 against a previous-day closing price of $3.69. With 0.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.22 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $3.7700 whereas the lowest price it dropped to was $3.6400. The 52-week range on BKCC shows that it touched its highest point at $3.92 and its lowest point at $3.03 during that stretch. It currently has a 1-year price target of $4.00. With its current market cap of 272.87 million, BKCC has annualized dividend of $0.41 while the current yield stands at 10.78%. Beta for the stock currently stands at 1.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BKCC was up-trending over the past week, with a rise of 6.52%, but this was up by 11.57% over a month. Three-month performance surged to 9.30% while six-month performance rose 13.94%. The stock lost -2.84% in the past year, while it has gained 3.87% so far this year. A look at the trailing 12-month EPS for BKCC yields 0.22 with Next year EPS estimates of 0.46. For the next quarter, that number is 0.12. This implies an EPS growth rate of 28.90% for this year and -6.10% for next year. EPS is expected to grow by 3.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.35%.
Float and Shares Shorts:
At present, 72.57 million BKCC shares are outstanding with a float of 71.59 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.38 million, which was 0.53% higher than short shares on Sep 28, 2023. In addition to Mr. James Edward Keenan C.F.A. as the firm’s Chairman of the Board & Interim CEO, Mr. Nik Singhal CFA serves as its MD & President.
Through their ownership of 19.07% of BKCC’s outstanding shares, institutional investors have minority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BKCC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BKCC analysts setting a high price target of $3.50 and a low target of $3.50, the average target price over the next 12 months is $3.50. Based on these targets, BKCC could drop -6.91% to reach the target high and fall by -6.91% to reach the target low. Reaching the average price target will result in a decline of -6.91% from current levels.
Dividends & Yield:
In terms of dividends, BKCC has a current ratio of $0.4, which is $0.4 over the trailing 12-months, while a dividend of $0.50 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and BKCC currently yields $10.64. In the past year, BKCC’s dividend yield has been $10.64, but when looking at the stock over the past five years, its yield has been $12.82. Accordingly, BKCC has a current buyback yield of $0.42. This was $0.42 for the TTM, and it was $1.91 for the past five years.
Summary of Insider Activity:
Insiders traded BKCC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 142,056 while 142,056 shares were sold.