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BlackRock Capital Investment Corporation - BKCC STOCK NEWS

Welcome to our dedicated page for BlackRock Capital Investment Corporation news (Ticker: BKCC), a resource for investors and traders seeking the latest updates and insights on BlackRock Capital Investment Corporation stock.

BlackRock Capital Investment Corporation (BKCC) is a prominent player in the financial sector, specializing in providing flexible and best-in-class solutions to middle-market companies. As a business development company (BDC), BKCC offers a range of investment services, primarily focusing on senior and junior secured loans, unsecured loans, and equity investments. With a strategic emphasis on supporting and partnering with middle-market firms, BKCC plays a critical role in bolstering businesses that may not have easy access to traditional sources of funding.

The company’s core operations are designed to generate attractive returns for its shareholders through income and capital appreciation. BKCC’s investment portfolio is diversified across various industries, providing a balanced risk profile. This approach not only aids in mitigating sector-specific risks but also ensures steady performance across different economic cycles.

In recent achievements, BKCC has successfully expanded its portfolio and formed strategic partnerships, enhancing its market presence and operational capabilities. The company maintains a robust financial condition, with a disciplined approach to underwriting and managing credit risk. This ensures the stability and growth of its investments, which in turn benefits its shareholders.

Current projects at BKCC include exploring new investment opportunities and strengthening existing ones. The company is constantly on the lookout for innovative ways to support its portfolio companies and drive value. By leveraging its expertise and extensive network, BKCC aims to achieve sustainable growth and provide high-quality financial solutions to its clients.

Stay up-to-date with the latest news and developments from BlackRock Capital Investment Corporation to gain insights into its performance and strategic initiatives. Whether you are an investor, stakeholder, or simply interested in the financial market, BKCC offers valuable information and opportunities.

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BlackRock Capital Investment Corporation (NASDAQ:BKCC) will report earnings for the second quarter 2023 on August 2, 2023. A webcast/teleconference to discuss the financial results will be held on August 3, 2023 at 10:00 a.m. (Eastern Time).
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BlackRock Capital Investment Corporation (BKCC) announced it will report first quarter 2023 earnings on May 1, 2023, after market close. A webcast will follow on May 2 at 10:00 a.m. ET to discuss the results. Interested participants can join via a teleconference or a live webcast, accessible through the company's website. The earnings release will be available in the investor relations section of the site. Replays of the earnings call will be accessible from 3:00 p.m. ET on May 2 to 3:00 p.m. ET on May 16.

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BlackRock Capital Investment Corporation (NASDAQ:BKCC) reported a GAAP Net Investment Income (NII) of $8.1 million, or $0.11 per share, in Q4 2022, marking a 6% increase from Q3's $7.7 million. This NII covered the declared dividend of $0.10 per share by 112%. However, Net Asset Value (NAV) fell by 4.1% to $318.5 million, primarily due to net unrealized losses of $13.2 million. The Company deployed $36 million in investments, predominantly in first lien loans, with a weighted average yield of 11.5%. The total portfolio expanded to 116 companies, up from 86 a year earlier. The Company repurchased 318,324 shares for approximately $1.2 million during the quarter.

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BlackRock Capital Investment Corporation (BKCC) will report its fourth quarter 2022 earnings on March 1, 2023, after market close. A webcast and teleconference will be held the next day at 10:00 a.m. ET to discuss the results. Interested participants can join by calling (844) 394-5144 in the U.S. or +1 (773) 305-6865 internationally, using the conference ID 9602125. The earnings release will be available on their website. A replay of the call will be available from 3:00 p.m. ET on March 2 until March 16.

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BlackRock Capital Investment Corporation (BKCC) reported strong third quarter results with GAAP NII and Adjusted NII both at $7.7 million ($0.10 per share), reflecting increases of 8% and 27%, respectively. The GAAP NII coverage for dividends rose to 105%, up from 97% last quarter. The company’s NAV fell 1.0% to $332.0 million, while the portfolio expanded to 111 companies, up from 86 at the end of 2021. Gross deployments totaled $78 million, primarily in secured debt, and share repurchases amounted to $1.7 million. A cash dividend of $0.10 per share is scheduled for January 6, 2023.

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BlackRock Capital Investment Corporation (BKCC) will announce its third quarter 2022 earnings on November 3, 2022, after market close. A teleconference will be held on November 4, 2022, at 10:00 a.m. ET to discuss the results. Interested participants can join via phone or listen through a webcast available on the company's website. The earnings release will also be posted there. A replay of the teleconference will be accessible from November 4 to November 18, 2022.

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BlackRock Capital Investment Corporation (BKCC) reported Q2 2022 GAAP Net Investment Income of $7.1 million ($0.10 per share), a 10% rise from the previous quarter, with distribution coverage increasing to 97% from 88%. Adjusted Net Investment Income remained steady at $6.0 million, yielding 82% coverage. However, Net Asset Value fell 3.3% to $335.4 million, attributed to $9.7 million in unrealized losses. Deployments totaled $73.5 million, raising the portfolio to 100 companies. The company also completed a $92 million senior unsecured notes issuance, using proceeds to repay $143.7 million in convertible notes.

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BlackRock Capital Investment Corporation (BKCC) will report its second quarter earnings on August 3, 2022, after market close. A webcast to discuss the results is scheduled for August 4, 2022, at 10:00 a.m. ET. Interested participants can join the teleconference by dialing the appropriate number based on their location. The earnings release will be accessible on the company's investor relations website. BlackRock Capital Investment focuses on providing debt and equity capital to middle-market companies, aiming to generate current income and capital appreciation.

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BlackRock Capital Investment Corporation (BKCC) reported GAAP Net Investment Income (NII) of $6.5 million, or $0.09 per share, a 9% increase quarter-over-quarter, achieving a distribution coverage of 88%. Adjusted NII was $6.0 million, or $0.08 per share, slightly down from the previous quarter. The company's Net Asset Value (NAV) decreased 0.8% to $346.9 million. BlackRock added 9 new portfolio companies, raising the total to 93. A plan to issue $92 million in senior unsecured notes has also been announced, with a closing expected on June 9, 2022.

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FAQ

What is the market cap of BlackRock Capital Investment Corporation (BKCC)?

The market cap of BlackRock Capital Investment Corporation (BKCC) is approximately 267.1M.

What does BlackRock Capital Investment Corporation (BKCC) do?

BKCC provides flexible financial solutions to middle-market companies through senior and junior secured loans, unsecured loans, and equity investments.

What is the primary focus of BKCC?

BKCC focuses on generating attractive returns for shareholders through income and capital appreciation by investing in a diversified portfolio across various industries.

How does BKCC mitigate risk in its investments?

BKCC mitigates risk by maintaining a diversified portfolio, which balances risk across various sectors and economic cycles, and by employing a disciplined approach to underwriting and credit risk management.

What are some recent achievements of BKCC?

BKCC has expanded its portfolio and formed strategic partnerships, enhancing its market presence and operational capabilities.

What is BKCC's financial condition?

BKCC maintains a robust financial condition with a disciplined approach to underwriting and managing credit risk, ensuring the stability and growth of its investments.

What types of projects is BKCC currently involved in?

BKCC is exploring new investment opportunities and strengthening existing ones, continually supporting its portfolio companies and driving value.

Why should investors follow BKCC's news and updates?

Investors should follow BKCC's news and updates to gain insights into its performance, strategic initiatives, and opportunities for investment.

How does BKCC support middle-market companies?

BKCC supports middle-market companies by providing flexible financial solutions that might not be accessible through traditional funding sources.

What makes BKCC's investment portfolio unique?

BKCC's investment portfolio is unique due to its diversification across various industries, ensuring a balanced risk profile and steady performance.

How can I learn more about BKCC's financial solutions?

To learn more about BKCC's financial solutions, you can follow their latest news and updates or visit their official website for detailed information.

BlackRock Capital Investment Corporation

Nasdaq:BKCC

BKCC Rankings

BKCC Stock Data

267.06M
71.59M
1.36%
22.68%
0.17%
Asset Management
Financial Services
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United States
New York