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Opinions Kash Pashootan
Blackrock Inc.BLKDON'T BUYAug 14, 2015
Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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BlackRock Capital Investment Corporation provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. Its strategy is to provide capital to meet current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies. BlackRock Capital Investment Corporation is organized as an externally-managed, non-diversified closed-end management investment company and has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. Its investment advisor is BlackRock Advisors LLC, a registered investment adviser. This page also adds some information. It is significantly small ($281M) and other than the investment advisor agreement we see no direct connection to BLK. BKCC pays a high yield (10%+) and has been consistently profitable (with high variability) for 10 years. Little growth is expected in the next two years. Two analysts cover it (one HOLD, one SELL, avg. target $3.50). It has a history of missing estimates. The $3.88 stock was more than $16 15 years ago, and it has not created shareholder value other than the dividend, which has been lowered three times in the past five years. Not much impresses us here.
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Simple: they make money on fees through assets-under-management. Expects in 2024 a strong financial market, so earnings will rise.
Jim Lebenthal
It is down because of commercial real estate but this makes up only a small part of the company. It is unstoppable and has an annuity type of cash flow that just keeps going. He sees rising cash flow and a rising dividend. It has 5 to 6 trillion dollars in assets.
David Baskin
Shares have bottomed and the balance sheet is strong. The worst has passed and is now an opportunity.
Joe Terranova
Barry Schwartz
In the investment industry, there has been a move towards assets going into ETF’s as opposed to mutual fund providers, and this is really one of the biggest ETF providers. The founder is retiring, so there are some management transition risks, but you have to believe it was well planned and the systems are in place for the succession planning. Well positioned to capture investment dollars in that they are not a niche player. Anything you are looking at, whether commodities, the broad market or an option strategy, they will have an ETF for it. In the last year the stock is up over 10%, and it pays a meaningful dividend. He wouldn’t buy just yet because he thinks the easy money has been made in the market.