BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended December 31, 2020, Declares Quarterly Cash Distribution of $0.10 per Share

BlackRock Capital Investment Corporation (BKCC) Misses Q4 EPS by 2c

March 3, 2021 4:06 PM EST

BlackRock Capital Investment Corporation (NASDAQ: BKCC) reported Q4 EPS of $0.10, $0.02 worse than the analyst estimate of $0.12.

GAAP Net Investment Income (NII) of $0.10 per share, or $7.3 million, provided fourth quarter distribution coverage of 101%.Net Asset Value (NAV) increased to $315.0 million, up 2.8% from $306.6 million; NAV per share decreased 0.2% to $4.23 per share from $4.24 per share, primarily due to an increase in total shares outstanding.Transformational progress towards reducing junior capital and non-core exposure, successfully exiting $171 million of these investments during the fourth quarter and subsequent period. As a result, non-core holdings represent just 9%1... More