BlackRock Capital Investment Corporation (BKCC) : The traders have covered their outstanding shorts in BlackRock Capital Investment Corporation (BKCC) to the tune of -93,016 shares, a change of -10.6%. As on Jul 29, 2016, the outstanding shorts on the stock were 878,284 shares, however, by August 15, 2016, the shorts had reduced to 785,268 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 1.1% of the free float of the stock. It takes 4 days to cover the outstanding short positions. The stock has an average daily volume of 217,197 shares. The short interest information was released on Wednesday Aug 24th after the market close.
BlackRock Capital Investment Corporation (NASDAQ:BKCC): The stock opened at $8.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.78 for the day. The stock traded down to $8.62 during the day, due to lack of any buying support eventually closed down at $8.70 with a loss of -0.91% for the day. The stock had closed at $8.78 on the previous day. The total traded volume was 235,206 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Blackrock Capital Investment Corp, Lies Mark S had purchased shares worth of $144,210 in a transaction dated on May 13, 2016. A total of 19,000 shares were purchased at a price of $7.59 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.