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BlackRock Capital Investment Corp - BKCC STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BlackRock Capital Investment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BlackRock Capital Investment's position in the market.

News
BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation
Rhea-AI Summary
BlackRock TCP Capital Corp. (TCPC) has completed a merger with BlackRock Capital Investment (BKCC), resulting in TCPC trading on Nasdaq under the ticker symbol 'TCPC'. Former BCIC shareholders will receive 0.3834 shares of TCPC for each BCIC share. The merger positions TCPC for growth, with legacy TCPC shareholders owning 67.5% and former BCIC shareholders owning 32.5% of the combined entity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
acquisition
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News
BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation
Rhea-AI Summary
BlackRock TCP Capital Corp. (TCPC) announces the merger with BlackRock Capital Investment (BCIC), creating a combined company on the Nasdaq under the ticker symbol 'TCPC'. Former BCIC shareholders will receive 0.3834 shares of TCPC per BCIC share. The merger results in TCPC shareholders owning 67.5% and former BCIC shareholders owning 32.5% of the combined entity. TCPC's advisor agreed to reduce the management fee rate and waive advisory fees under certain conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
acquisition
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News
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Shareholder Approval of Merger
Rhea-AI Summary
BlackRock TCP Capital Corp. (TCPC) and BlackRock Capital Investment Corporation (BKCC) have received shareholder approval for their merger, with over 90% of shareholders voting in favor. Rajneesh Vig expressed gratitude for the strong support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
acquisition
News
BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended December 31, 2023, Declares Quarterly Cash Dividend of $0.10 per Share
Rhea-AI Summary
BlackRock Capital Investment Corporation (BKCC) reported a 3% decrease in GAAP Net Investment Income (NII) to $9.3 million in the fourth quarter, with a 15% year-over-year increase. The Net Asset Value (NAV) decreased to $315.7 million, with a NAV per share of $4.35. The company's gross deployments were $25.4 million, with a weighted average yield of 11.9%. The merger with BlackRock TCP Capital Corp. is expected to close in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends earnings
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News
BlackRock Capital Investment Corporation to Report Fourth Quarter 2023 Earnings on March 5, 2024
Rhea-AI Summary
BlackRock Capital Investment Corporation (BKCC) will report earnings for the fourth quarter of 2023 on March 5, 2024, followed by a webcast/teleconference on March 6, 2024. Interested persons can attend the discussion of financial results and access the earnings release on the company's website. The teleconference and webcast will be available for replay until March 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
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News
BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2023, Declares Quarterly Cash Dividend of $0.10 per Share
Rhea-AI Summary
BlackRock Capital Investment Corporation (BKCC) announced a 7% increase in NII to $9.5 million in Q3 2023, with a 24% year-over-year increase. NAV increased to $317.6 million, 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. Gross deployments totaled $40.3 million, with a weighted average yield of 13.4%. The company's weighted-average portfolio yield was 12.8% as of September 30, 2023. The company's net leverage was 0.84x, down slightly from the prior quarter. The company also announced a proposed merger with BlackRock TCP Capital Corp.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
dividends earnings
News
BlackRock Capital Investment Corporation to Report Third Quarter 2023 Earnings on November 8, 2023
Rhea-AI Summary
BlackRock Capital Investment Corporation (BKCC) will report earnings for Q3 2023 on November 8, 2023, with a webcast/teleconference on November 9, 2023. The earnings release will be available on their website. The teleconference and webcast will be available for replay until November 23, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
conferences earnings
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News
BlackRock Capital Investment Corporation Announces Credit Agreement Amendment
Rhea-AI Summary
BlackRock Capital Investment Corporation has entered into an amendment to its senior secured revolving credit agreement, extending the maturity date of the loans and commitments, reducing the applicable margin and commitment fee, and permitting a merger with Project Spurs Merger Sub. The Revolving Credit Facility includes an 'accordion' feature to increase its size. Usage of the facility is subject to a borrowing base and is secured by assets. BCIC's legal counsel is Skadden, Arps, Slate, Meagher & Flom LLP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.37%
Tags
none
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News
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Merger Agreement
Rhea-AI Summary
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation have announced a merger agreement, subject to shareholder approval and closing conditions. TCPC will continue to trade on Nasdaq under the ticker symbol 'TCPC'. The merger is expected to create enhanced scale, improved access to capital, and operating synergies. The advisor has agreed to reduce the base management fee rate from 1.50% to 1.25% and waive advisory fees under certain conditions. The merger is expected to be accretive to net investment income over time. The combined portfolio will be diversified with significant overlap. The transaction is expected to close in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.37%
Tags
acquisition
News
BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2023, Declares Quarterly Cash Dividend of $0.10 per Share
Rhea-AI Summary
BlackRock Capital Investment Corporation (BKCC) announced its Q2 2023 financial results. GAAP Net Investment Income (NII) was $8.9 million, consistent with Q1. NAV decreased to $314.0 million, driven by net unrealized depreciation. Gross deployments were $20.8 million with a weighted average yield of 12.1%. 3 new portfolio companies were added. Net leverage was 0.86x. Total available liquidity at quarter-end was $85.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
dividends earnings
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BlackRock Capital Investment Corp

Nasdaq:BKCC

BKCC Rankings

N/A Ranked by Market Cap
#2640 Ranked by Stock Gains
N/A Ranked by Dividends

BKCC Stock Data

267.06M
1.36%
22.68%
0.17%
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