BlackRock Capital Investment Corporation (BKCC) Reports In-Line Q4 EPS

BlackRock Capital Investment Corporation (NASDAQ: BKCC) reported Q4 EPS of $0.17, in-line with the analyst estimate of $0.17.

• GAAP Net Investment Income (NII) of $0.17 per share providing fourth quarter distribution coverage of approximately 94%
• Net Asset Value (NAV) per share declined 7.7% or $0.59 per share to $7.07 per share on a quarter-over-quarter basis primarily due to net unrealized depreciation on certain legacy assets
• Net leverage of 0.36x was down reflecting a net reduction in investments. Total liquidity for portfolio company investments, including cash, was approximately $252 million, subject to leverage and borrowing base restrictions
• Waiver of incentive management fees based on income extended until June 30, 2019
• Under our existing share repurchase program, we repurchased 1,986,014 shares of common stock for $11.2 million at an average price of $5.62, including brokerage commissions, via open market purchases in the fourth quarter.

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

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