Todays Report: The Essex Financial Services Inc. Sold shares of BlackRock Kelso Capital Corp. (BKCC)

The Essex Financial Services Inc. Sold shares of BlackRock Kelso Capital Corp. (BKCC)

Essex Financial Services Inc. cut its stake in shares of BlackRock Kelso Capital Corp. (NASDAQ:BKCC) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 105,016 shares of the company’s stock after selling 3,483 shares during the period. Essex Financial Services Inc.’s holdings in BlackRock Kelso Capital Corp. were worth $817,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Foundry Partners LLC increased its stake in shares of BlackRock Kelso Capital Corp. by 1.2% in the second quarter. Foundry Partners LLC now owns 38,840 shares of the company’s stock valued at $302,000 after buying an additional 454 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of BlackRock Kelso Capital Corp. by 1.1% in the second quarter. Confluence Investment Management LLC now owns 291,248 shares of the company’s stock valued at $2,266,000 after buying an additional 3,272 shares during the last quarter. ING Groep NV increased its stake in shares of BlackRock Kelso Capital Corp. by 0.4% in the second quarter. ING Groep NV now owns 899,334 shares of the company’s stock valued at $6,997,000 after buying an additional 3,804 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of BlackRock Kelso Capital Corp. by 1.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 879,310 shares of the company’s stock valued at $6,841,000 after buying an additional 10,139 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of BlackRock Kelso Capital Corp. by 28.2% in the first quarter. Aperio Group LLC now owns 52,124 shares of the company’s stock valued at $490,000 after buying an additional 11,467 shares during the last quarter. 22.99% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Kelso Capital Corp. (NASDAQ:BKCC) traded down 2.26% during mid-day trading on Friday, reaching $7.80. 552,158 shares of the company were exchanged. BlackRock Kelso Capital Corp. has a 12 month low of $7.15 and a 12 month high of $10.20. The company’s 50 day moving average price is $8.40 and its 200-day moving average price is $8.34.

BlackRock Kelso Capital Corp. (NASDAQ:BKCC) last issued its earnings results on Wednesday, July 27th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. BlackRock Kelso Capital Corp. had a negative net margin of 36.05% and a positive return on equity of 11.25%. During the same quarter in the previous year, the business earned $0.23 EPS. On average, equities analysts predict that BlackRock Kelso Capital Corp. will post $1.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.77%. BlackRock Kelso Capital Corp.’s dividend payout ratio (DPR) is -142.37%.

Separately, Zacks Investment Research raised shares of BlackRock Kelso Capital Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.71.

About BlackRock Kelso Capital Corp.

BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital Corporation, is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments.

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