BlackRock Capital Investment Corporation (BKCC)
BlackRock Capital Investment Corporation operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $3.68, up 0.27% on the session, giving a market capitalisation of $267.1M. On trailing twelve-month figures it carries a trailing P/E of 10.22, a net margin of 79.7%. Its beta of 1.40 implies it has historically moved more than the broad market.
BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital Corporation, functions as a Business Development Company primarily focused on providing capital to middle-market businesses. The firm adopts an industry-agnostic investment strategy, allocating funds across all sectors. It generally targets investments ranging from $10 million to $50 million, with the flexibility to commit more or less, in companies that exhibit EBITDA or operating cash flow between $10 million and $50 million. Its investment instruments span various debt forms, including senior and junior secured, unsecured, and subordinated debt securities and loans, which may encompass cash flow, asset-backed, and junior lien facilities. Additionally, equity investments can be structured as warrants, preferred stock, co-investments in common equity, or direct purchases of common stock. Debt investments are typically designed to provide current cash interest, although subordinated debt may feature non-cash interest through a pay-in-kind (PIK) mechanism. The company also engages in non-control investments.
BlackRock Capital Investment Corporation is most often compared with the following Financial Services names: