BlackRock Capital Investment Corporation (BKCC) Reports In-Line Q3 NII

BlackRock Capital Investment Corporation (NASDAQ: BKCC) reported Q3 NII of $0.18, in-line with the analyst estimate of $0.18.

• GAAP Net Investment Income (NII) of approximately $0.18 per share providing third quarter distribution coverage of 98%
• Net Asset Value (NAV) per share increased 1.3% or $0.10 per share to $7.66 per share on a quarter-over-quarter basis
• Net leverage of 0.43x remained level quarter-over-quarter. Total liquidity for portfolio company investments, including cash, was approximately $233 million, subject to leverage and borrowing base restrictions
• Under our existing share repurchase program, we repurchased 108,134 shares of common stock for $0.6 million, including brokerage commissions, via open market purchases in the third quarter; in October 2018, we repurchased an additional 1,173,289 shares of common stock for $6.8 million, including brokerage commissions.

For earnings history and earnings-related data on BlackRock Capital Investment Corporation (BKCC) click here.

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