Blackrock Capital Investment Corp (BKCC) Releases Earnings Results, Beats Expectations By $0.05 EPS

Blackrock Capital Investment Corp (BKCC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.25. Analysts expectations of $31.04 million. During the same quarter in the previous year, the company posted $0.23 EPS.

Blackrock Capital Investment Corp opened for trading at $8.16 and hit $8.5 on the upside on Thursday, eventually ending the session at $8.37, with a gain of 0.60% or 0.05 points. The heightened volatility saw the trading volume jump to 4,23,841 shares. Company has a market cap of $611 M.

In a different news, on Aug 5, 2015, Corinne Pankovcin (CFO) purchased 3,250 shares at $9.24 per share price. According to the SEC, on May 15, 2015, Steven Sterling (CEO) purchased 20,000 shares at $9.40 per share price.

BlackRock Capital Investment Corporation formerly BlackRock Kelso Capital Corporation is a private equity company that is externally-managed non-diversified closed-end management investment company that provides middle-market companies with flexible financing solutions including senior and junior secured unsecured and subordinated debt securities and loans and equity securities. The Company invests primarily in middle-market companies with annual revenues typically between $50 million and $1 billion and targets investments throughout the capital structure. The investment activities of the Company are managed by the BlackRock Kelso Capital Advisors (Advisor) which is responsible for sourcing potential investments.

Blackrock Capital Investment Corp

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