Blackrock Kelso Capital Corp. (NASDAQ:BKCC), a company as solid as rock


Dallas, Texas 09/10/2013 (Financialstrend) – Retirement Systems Et Virginia, a Blackrock Kelso Capital Corp. (NASDAQ:BKCC) Insider offloaded 164,648 shares of the company stock. This transaction took place on 4 September. These shares were sold off at an average price of $9.72 and the total transaction was valued at $1,600,378.56. Post completion of this transaction, this insider now directly-owns 5,490,711 BKCC shares. This sale had been disclosed in a document that was filed by the SEC.

Analyst speak

Numerous research analysts have commented on the BKCC stock lately. Keefe, Bruyette & Woods analysts upgraded the stock from an “underperform” to a “market perform” rating on Wednesday. Zacks analysts downgraded the company’s shares from a “neutral” to an “underperform” rating on 7 August.

Three investment-analysts have assigned a “sell” rating on the stock, 3 have assigned a “hold” rating while 1 has assigned a “buy” rating. Currently, the average rating on the company stock is a “hold” and the average price-target is $9.85.

BKCC last issued its earnings data for the quarter on 1 August. The company reported an EPS of $0.27 for the quarter which topped the Reuters average analyst estimate of $0.26. BKCC’s revenue stood at $36.14M for the quarter in comparison with the average analyst projection of $34.07M. On an average analysts are projecting that the company will post earnings per share of $0.86 for the current financial year.

The dividend

Very recently, BKCC also announced its quarterly dividend. It is scheduled for 3 October and all shareholders on record as of 19 September will be eligible to receive this dividend of $0.26/share. This represents an annualized dividend of $1.04 and a 10.70% dividend yield. September 17 is the ex-dividend date.

Latest trading session

Blackrock Kelso Capital Corp. (NASDAQ:BKCC) stock rose by 0.31% in Monday’s trading. The opening price of the shares was $9.79 which touched an intraday high of $9.85 and closed at $9.83.