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

BlackRock Capital Investment Corporation (NASDAQ: BKCC) reported Q3 EPS of $0.14, in-line with the analyst estimate of $0.14.

• GAAP Net Investment Income (“NII”) of $0.14 per share providing third quarter distribution coverage of 100%.
• Net Asset Value (“NAV”) per share decreased 4.8% or $0.33 per share to $6.49 per share on a quarter-over-quarter basis.
• Net leverage of 0.61x was up, driven by increased pace of investment deployment. Total liquidity for portfolio company investments, including cash, was approximately $206 million, subject to leverage and borrowing base restrictions.
• Board approval obtained to reduce the applicable minimum asset coverage ratio from 200% to 150% effective October 29, 2020.

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

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