BlackRock Capital Investment Corporation (NASDAQ:BKCC) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, BKCC to report 3Q20 income of $ 0.12 per share.
For the full year, analysts anticipate top line of $ 70.50 million, while looking forward to income of $ 0.52 per share bottom line.
Previous Quarter Performance
BlackRock Capital Investment Corporation reported income for the second quarter of $ 0.13 per share, from the revenue of $ 17.50 million. According to street consensus, BKCC was expected to report 2Q20 income of $ 0.11 per share from revenue of $ 16.40 million. The bottom line results beat street analysts by $ 0.02 or 18.18 percent, at the same time, top line results outshined analysts by $ 1.10 million or 6.71 percent.
Stock Performance
Shares of BlackRock Capital Investment Corporation traded up $ 0.02 or 0.82 percent on Tuesday, reaching $ 2.45 with volume of 220.20 thousand shares. BlackRock Capital Investment Corporation has traded high as $ 2.47 and has cracked $ 2.35 on the downward trend
According to the previous trading day, closing price of $ 2.45, representing a 65.31 % increase from the 52 week low of $ 1.47 and a 53.27 % decrease over the 52 week high of $ 5.20.
The company has a market capital of $ 171.92 million and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.10 per share to holders of record as of the close of business on August 18, 2020, with payment date of September 29, 2020 and ex-dividend date on August 17, 2020.
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.
