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. The fund invests in the form of senior and junior secured, unsecured, and subordinated debt securities and loans including cash flow, asset backed, and junior lien facilities and equity securities. It's equity investments can be structured in the form of warrants, preferred stock, common equity co-investments, and direct investments in common stock. The fund's debt investments are principally structured to provide for current cash interest and to a lesser extent non-cash interest, particularly with subordinated debt investments, through a pay-in-kind (PIK) feature. It can also make non-control investments.
IPO Year: 2007
Exchange: NASDAQ
Website: blackrockbkcc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/18/2023 | $4.25 → $3.00 | Overweight → Equal Weight | Wells Fargo |
| 10/25/2021 | $4.25 → $4.50 | Overweight | Wells Fargo |
| 8/9/2021 | $4.00 → $4.25 | Overweight | Wells Fargo |
Wells Fargo downgraded BlackRock Capital from Overweight to Equal Weight and set a new price target of $3.00 from $4.25 previously
Wells Fargo reiterated coverage of BlackRock Capital Inv with a rating of Overweight and set a new price target of $4.50 from $4.25 previously
Wells Fargo reiterated coverage of BlackRock Capital Inv with a rating of Overweight and set a new price target of $4.25 from $4.00 previously
Chicago, IL, March 19, 2024 (GLOBE NEWSWIRE) -- Vedder Price is pleased to announce that it represented the Special Committee of Independent Directors of BlackRock Capital Investment Corporation ("BCIC") (NASDAQ:BKCC) in the previously announced merger of BCIC with BlackRock TCP Capital Corp., which closed on Monday, March 18, 2024. In connection with the merger, the combined company will continue to trade on the NASDAQ Global Select Market (NASDAQ:TCPC). The combined company will also continue to be externally managed by its advisor, an indirect subsidiary of BlackRock, Inc. "We are pleased to have guided the Special Committee through all aspects of the merger process," said Vedder
BlackRock TCP Capital Corp. ("TCPC")(NASDAQ:TCPC) today announced the closing of the previously announced merger with BlackRock Capital Investment Corporation ("BCIC")(NASDAQ:BKCC). The combined company will continue to trade on the Nasdaq Global Select Market under the ticker symbol "TCPC" and continue to be externally managed by its advisor, a wholly-owned, indirect subsidiary of BlackRock, Inc. Rajneesh Vig, Co-Head of US Private Capital (USPC) for BlackRock, and Chairman and CEO of BlackRock TCP Capital Corp., said: "We are excited to close this transaction that brings together two portfolios that we know well and that have substantial overlap. The combination with BCIC positions TCPC
BlackRock TCP Capital Corp. ("TCPC")(NASDAQ:TCPC) and BlackRock Capital Investment Corporation ("BCIC")(NASDAQ:BKCC) announced today that the shareholders of each business development company ("BDC") have voted to approve the necessary proposals related to the merger of TCPC and BCIC at each company's special meeting of shareholders held on March 7, 2024. Shareholders voted overwhelmingly in favor of the proposed transaction, as more than 90% of shareholders represented at each meeting voted in favor of the merger. Rajneesh Vig, Co-Head of US Private Capital ("USPC") for BlackRock, and Chairman and CEO of BlackRock TCP Capital Corp., said: "We thank shareholders of both BDCs for their o
GAAP Net Investment Income ("NII") was $9.3 million, or $0.13 per share, in the fourth quarter, a 3% decrease from the third quarter, and a 15% year-over-year increase from the fourth quarter of 2022. Fourth quarter NII provided dividend coverage of 128% on a GAAP basis, a decrease from prior quarter dividend coverage of 131% and up from 112% coverage in the fourth quarter of 2022. Net Asset Value ("NAV") decreased to $315.7 million as of December 31, 2023, down approximately 1% from $317.6 million as of September 30, 2023, due primarily to $3.9 million of net realized and unrealized losses on the portfolio during the quarter, partially offset by $2.0 million of NII in excess of the dec
BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the fourth quarter 2023 on Tuesday, March 5, 2024 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Wednesday, March 6, 2024 to discuss its fourth quarter 2023 financial results. The Company's fourth quarter earnings release will be available in the investor relations section of its website, www.blackrockbkcc.com. Members of the public who are interested in participating in the teleconference should dial, from the Un
GAAP Net Investment Income ("NII") was $9.5 million, or $0.13 per share, in the third quarter, a 7% increase from the second quarter, and a 24% year-over-year increase from the third quarter of 2022. Third quarter NII provided dividend coverage of 131% on a GAAP basis, an increase from prior quarter dividend coverage of 123% and up from 105% coverage in the third quarter of 2022. Net Asset Value ("NAV") increased to $317.6 million as of September 30, 2023, up 1% from $314.0 million as of June 30, 2023, driven by $2.3 million of NII in excess of the declared dividend and $1.3 million of net realized and unrealized gains on the portfolio during the quarter. NAV per share increased to $4.3
BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the third quarter 2023 on Wednesday, November 8, 2023 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Thursday, November 9, 2023 to discuss its third quarter 2023 financial results. The Company's third quarter earnings release will be available in the investor relations section of its website, www.blackrockbkcc.com. Members of the public who are interested in participating in the teleconference should dial, from th
NEW YORK, Sept. 09, 2023 (GLOBE NEWSWIRE) -- Summit Materials, Inc. (NYSE:SUM) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of SUM and Cementos Argos S.A. Under the terms of the proposed transaction, Cementos Argos S.A. will receive approximately 54.7 million shares of SUM stock and approximately $1.2 billion in cash, subject to closing adjustments. If you are a SUM investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. BlackRock Capital Investment
BlackRock Capital Investment Corporation ("BCIC") (NASDAQ:BKCC) today announced that it has entered into an amendment (the "Amendment") to its $265 million senior secured revolving credit agreement (as amended, including by the Amendment, the "Revolving Credit Facility"). The Amendment, among other things: extends the maturity date of the loans made under the Revolving Credit Facility (collectively, the "Loans") from April 23, 2025 to September 6, 2028; extends the termination date of the commitments available under the Revolving Credit Facility (collectively, the "Commitments") from April 23, 2024 to September 6, 2027; reduces the applicable margin to be applied to interest on t
BlackRock TCP Capital Corp. ("TCPC") (NASDAQ:TCPC) and BlackRock Capital Investment Corporation ("BCIC") (NASDAQ:BKCC) today announced that they have entered into a definitive agreement pursuant to which BCIC will merge with and into a wholly owned, indirect subsidiary of TCPC, subject to shareholder approval and customary closing conditions. Following the merger, TCPC will continue to trade on the Nasdaq Global Select Market under the ticker symbol "TCPC" and the surviving entity will continue as a subsidiary of TCPC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906755152/en/ In connection with and in support of the transa
Aditxt, Inc. ("Aditxt, or the "Company"). (NASDAQ:ADTX), a biotech innovation company with a mission to improve the health of the immune system, today announced key executive management changes to support its growth plans. Corinne Pankovcin, who has served as CFO of Aditxt, has been appointed as President and will work closely with the Company's CEO, Amro Albanna, to execute Aditxt's business strategy. Thomas J. Farley, who has served as Controller and Principal Accounting Officer of Aditxt, has been appointed as CFO. As CFO of Aditxt since July 2020, Ms. Pankovcin, along with the Company's CEO and executive team, has effectively managed the Company's growth as it became publicly traded on
4 - BlackRock Capital Investment Corp (0001326003) (Issuer)
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4 - BlackRock Capital Investment Corp (0001326003) (Issuer)
4 - BlackRock Capital Investment Corp (0001326003) (Issuer)
4 - BlackRock Capital Investment Corp (0001326003) (Issuer)
4 - BlackRock Capital Investment Corp (0001326003) (Issuer)
4 - BlackRock Capital Investment Corp (0001326003) (Issuer)
4 - BlackRock Capital Investment Corp (0001326003) (Issuer)
SC 13G/A - BlackRock Capital Investment Corp (0001326003) (Subject)
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SC 13G/A - BlackRock Capital Investment Corp (0001326003) (Subject)
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SC 13G - BlackRock Capital Investment Corp (0001326003) (Subject)
SC 13G/A - BlackRock Capital Investment Corp (0001326003) (Subject)
SC 13G/A - BlackRock Capital Investment Corp (0001326003) (Subject)
N-54C - BlackRock Capital Investment Corp (0001326003) (Filer)
8-K - BlackRock Capital Investment Corp (0001326003) (Filer)
8-K - BlackRock Capital Investment Corp (0001326003) (Filer)
8-K - BlackRock Capital Investment Corp (0001326003) (Filer)
8-K - BlackRock Capital Investment Corp (0001326003) (Filer)
425 - BlackRock Capital Investment Corp (0001326003) (Subject)
DEFA14A - BlackRock Capital Investment Corp (0001326003) (Filer)
425 - BlackRock Capital Investment Corp (0001326003) (Subject)
425 - BlackRock Capital Investment Corp (0001326003) (Subject)
10-K - BlackRock Capital Investment Corp (0001326003) (Filer)
GAAP Net Investment Income ("NII") was $9.3 million, or $0.13 per share, in the fourth quarter, a 3% decrease from the third quarter, and a 15% year-over-year increase from the fourth quarter of 2022. Fourth quarter NII provided dividend coverage of 128% on a GAAP basis, a decrease from prior quarter dividend coverage of 131% and up from 112% coverage in the fourth quarter of 2022. Net Asset Value ("NAV") decreased to $315.7 million as of December 31, 2023, down approximately 1% from $317.6 million as of September 30, 2023, due primarily to $3.9 million of net realized and unrealized losses on the portfolio during the quarter, partially offset by $2.0 million of NII in excess of the dec
BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the fourth quarter 2023 on Tuesday, March 5, 2024 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Wednesday, March 6, 2024 to discuss its fourth quarter 2023 financial results. The Company's fourth quarter earnings release will be available in the investor relations section of its website, www.blackrockbkcc.com. Members of the public who are interested in participating in the teleconference should dial, from the Un
GAAP Net Investment Income ("NII") was $9.5 million, or $0.13 per share, in the third quarter, a 7% increase from the second quarter, and a 24% year-over-year increase from the third quarter of 2022. Third quarter NII provided dividend coverage of 131% on a GAAP basis, an increase from prior quarter dividend coverage of 123% and up from 105% coverage in the third quarter of 2022. Net Asset Value ("NAV") increased to $317.6 million as of September 30, 2023, up 1% from $314.0 million as of June 30, 2023, driven by $2.3 million of NII in excess of the declared dividend and $1.3 million of net realized and unrealized gains on the portfolio during the quarter. NAV per share increased to $4.3
BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the third quarter 2023 on Wednesday, November 8, 2023 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Thursday, November 9, 2023 to discuss its third quarter 2023 financial results. The Company's third quarter earnings release will be available in the investor relations section of its website, www.blackrockbkcc.com. Members of the public who are interested in participating in the teleconference should dial, from th
BlackRock Capital Investment Corporation ("BCIC") (NASDAQ:BKCC) today announced that it has entered into an amendment (the "Amendment") to its $265 million senior secured revolving credit agreement (as amended, including by the Amendment, the "Revolving Credit Facility"). The Amendment, among other things: extends the maturity date of the loans made under the Revolving Credit Facility (collectively, the "Loans") from April 23, 2025 to September 6, 2028; extends the termination date of the commitments available under the Revolving Credit Facility (collectively, the "Commitments") from April 23, 2024 to September 6, 2027; reduces the applicable margin to be applied to interest on t
BlackRock TCP Capital Corp. ("TCPC") (NASDAQ:TCPC) and BlackRock Capital Investment Corporation ("BCIC") (NASDAQ:BKCC) today announced that they have entered into a definitive agreement pursuant to which BCIC will merge with and into a wholly owned, indirect subsidiary of TCPC, subject to shareholder approval and customary closing conditions. Following the merger, TCPC will continue to trade on the Nasdaq Global Select Market under the ticker symbol "TCPC" and the surviving entity will continue as a subsidiary of TCPC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906755152/en/ In connection with and in support of the transa
GAAP Net Investment Income ("NII") was $8.9 million, or $0.12 per share, in the second quarter, consistent with the first quarter NII level. Second quarter NII provided dividend coverage of 123% on a GAAP basis, an increase from the prior quarter dividend coverage of 122%. Net Asset Value ("NAV") decreased to $314.0 million as of June 30, 2023, down from $319.8 million as of March 31, 2023, driven largely by net unrealized depreciation in portfolio fair value of $7.0 million during the quarter. NAV per share decreased to $4.33 per share from $4.41 per share as of March 31, 2023. Gross deployments during the second quarter were $20.8 million, substantially all of which were in first l
BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the second quarter 2023 on Wednesday, August 2, 2023 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Thursday, August 3, 2023 to discuss its second quarter 2023 financial results. The Company's second quarter earnings release will be available in the investor relations section of its website, www.blackrockbkcc.com. Members of the public who are interested in participating in the teleconference should dial, from the
GAAP Net Investment Income ("NII") was $8.9 million, or $0.12 per share in the first quarter, representing a 9.5% increase from prior quarter NII of $8.1 million, or $0.11 per share. First quarter NII provided dividend coverage of 122% on a GAAP basis, up from the prior quarter dividend coverage of 112%. Net Asset Value ("NAV") increased to $319.8 million as of March 31, 2023, up from $318.5 million as of December 31, 2022; NAV per share increased to $4.41 per share from $4.39 per share as of December 31, 2022. Gross deployments during the first quarter were $37.6 million, substantially all of which were in first lien loans. The weighted average yield on gross deployments during the
BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the first quarter 2023 on Monday, May 1, 2023 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Tuesday, May 2, 2023 to discuss its first quarter 2023 financial results. The Company's first quarter earnings release will be available in the investor relations section of its website, www.blackrockbkcc.com. Members of the public who are interested in participating in the teleconference should dial, from the United State