NasdaqGS:BKCC

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Executive Summary

BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. More Details

Rewards


Snowflake Analysis


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Share Price & News

How has BlackRock Capital Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BKCC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BKCC's weekly volatility has decreased from 14% to 5% over the past year.


Market Performance


7 Day Return

-1.8%

BKCC

-2.6%

US Capital Markets

-4.6%

US Market


1 Year Return

-27.3%

BKCC

38.0%

US Capital Markets

38.5%

US Market

Return vs Industry: BKCC underperformed the US Capital Markets industry which returned 38% over the past year.

Return vs Market: BKCC underperformed the US Market which returned 38.5% over the past year.


Shareholder returns

BKCCIndustryMarket
7 Day-1.8%-2.6%-4.6%
30 Day6.2%8.5%0.6%
90 Day8.3%14.9%1.9%
1 Year-16.3%-27.3%41.3%38.0%41.5%38.5%
3 Year-13.4%-40.5%39.5%29.1%56.7%46.7%
5 Year-34.4%-63.2%140.6%110.9%123.5%98.6%

Long-Term Price Volatility Vs. Market

How volatile is BlackRock Capital Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is BlackRock Capital Investment undervalued compared to its fair value and its price relative to the market?

0.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BKCC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BKCC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BKCC is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: BKCC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BKCC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BKCC is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (12.8x).

Future Growth

How is BlackRock Capital Investment forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

103.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKCC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: BKCC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BKCC's is expected to become profitable in the next 3 years.

Revenue vs Market: BKCC's revenue is expected to decline over the next 3 years (-11.3% per year).

High Growth Revenue: BKCC's revenue is forecast to decline over the next 3 years (-11.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKCC's Return on Equity is forecast to be low in 3 years time (8.1%).

Past Performance

How has BlackRock Capital Investment performed over the past 5 years?

-34.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKCC is currently unprofitable.

Growing Profit Margin: BKCC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BKCC is unprofitable, and losses have increased over the past 5 years at a rate of 34.1% per year.

Accelerating Growth: Unable to compare BKCC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BKCC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.1%).


Return on Equity

High ROE: BKCC has a negative Return on Equity (-37.62%), as it is currently unprofitable.

Financial Health

How is BlackRock Capital Investment's financial position?


Financial Position Analysis

Short Term Liabilities: BKCC's short term assets ($12.4M) exceed its short term liabilities ($9.8M).

Long Term Liabilities: BKCC's short term assets ($12.4M) do not cover its long term liabilities ($305.0M).


Debt to Equity History and Analysis

Debt Level: BKCC's debt to equity ratio (99.5%) is considered high.

Reducing Debt: BKCC's debt to equity ratio has increased from 47.6% to 99.5% over the past 5 years.

Debt Coverage: BKCC's debt is not well covered by operating cash flow (3.1%).

Interest Coverage: BKCC is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

What is BlackRock Capital Investment current dividend yield, its reliability and sustainability?

12.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BKCC's dividend (12.23%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: BKCC's dividend (12.23%) is in the top 25% of dividend payers in the US market (3.76%)


Stability and Growth of Payments

Stable Dividend: BKCC's dividend payments have been volatile in the past 10 years.

Growing Dividend: BKCC's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BKCC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BKCC's dividends in 3 years are not forecast to be well covered by earnings (124% payout ratio).

Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average management tenure


CEO

James Keenan (44 yo)

2.83yrs

Tenure

Mr. James Edward Keenan, CFA, serves as a President and Chief Executive Officer at BlackRock Capital Investment Advisors, LLC since September 2018. He has been an Interim Chief Executive Officer of BlackRo...


Leadership Team

NamePositionTenureCompensationOwnership
James Keenan
Chairman of the Board & Interim CEO2.83yrsno data0.68%
$ 1.6m
Charles Choon Park
Chief Compliance Officerno datano datano data
Michael Pungello
0.25yrno data0.061%
$ 143.5k
Nik Singhal
MD & President0.25yrno data0.11%
$ 262.0k
Abby Miller
CFO, Treasurer & Financial Controller0.25yrno data0.0014%
$ 3.4k
Laurence Paredes
General Counsel & Corporate Secretaryno datano datano data
R. Merriman
MD & Vice Chairman of Blackrock US Private Capital Groupno datano datano data
Jason Mehring
Managing Directorno datano datano data
Mark Williams
Managing Directorno datano datano data
Aaron Kless
Managing Directorno datano datano data
Alex Dashiell
Managing Director of US Private Capital Group3.08yrsno datano data
Suzanne Harvey
Investment Professionalno datano datano data

0.3yrs

Average Tenure

48yo

Average Age

Experienced Management: BKCC's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
James Keenan
Chairman of the Board & Interim CEO2.83yrsno data0.68%
$ 1.6m
William Mayer
Lead Independent Director3.92yrsUS$136.25kno data
Jerrold Harris
Independent Director16.08yrsUS$116.00k0.18%
$ 422.5k
Maureen Usifer
Independent Director16.08yrsUS$131.00k0.054%
$ 126.6k
Meridee Moore
Independent Director3.25yrsUS$116.00k0.24%
$ 555.9k
John Baron
Independent Director7.67yrsUS$114.50k0.030%
$ 71.7k

5.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: BKCC's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BKCC insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

BlackRock Capital Investment Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BlackRock Capital Investment Corporation
  • Ticker: BKCC
  • Exchange: NasdaqGS
  • Founded: 2005
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$236.459m
  • Shares outstanding: 72.31m
  • Website: https://www.blackrockbkcc.com

Location

  • BlackRock Capital Investment Corporation
  • 40 East 52nd Street
  • 21st Floor
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKCCNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDJun 2007
8BKDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2007
0HO6LSE (London Stock Exchange)YesCommon SharesGBUSDJun 2007

Biography

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 i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 23:40
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.