BLACKROCK CAPITAL INVESTMENT Reports 159.1% Increase in Total Revenue for Q2 FY 2023
August 10, 2023
☀️Earnings Overview
On August 2 2023, BLACKROCK CAPITAL INVESTMENT ($NASDAQ:BKCC) reported total revenue of USD 3.3 million for the second quarter of fiscal year 2023, a 159.1% increase from the -0.7 million in the same period the prior year. The company’s net income rose to 1.5 million year over year.
Analysis
GoodWhale conducted an analysis of BLACKROCK CAPITAL INVESTMENT’s wellbeing, which reveals that the company has a low health score of 2/10 regarding its cashflows and debt. This implies that BLACKROCK CAPITAL INVESTMENT is less likely to sustain future operations in times of crisis. Based on these results, BLACKROCK CAPITAL INVESTMENT is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Given this profile, BLACKROCK CAPITAL INVESTMENT may be an attractive option for income investors who are looking for steady dividend returns. Additionally, the company is strong in medium in dividend and weak in asset, growth, and profitability, which may appeal to investors who are seeking a balanced portfolio. Ultimately, BLACKROCK CAPITAL INVESTMENT may be among the more suitable investments for those who are looking for a combination of steady income and moderate risks. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BKCC. More…
| Total Revenues | Net Income | Net Margin |
| 16.9 | 10.53 | 62.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BKCC. More…
| Operations | Investing | Financing |
| -22.94 | – | 12.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BKCC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 618.96 | 304.94 | 4.33 |
Key Ratios Snapshot
Some of the financial key ratios for BKCC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -47.1% | – | – |
| FCF Margin | ROE | ROA |
| -135.8% | 2.1% | 1.1% |
Peers
BlackRock Capital Investment Corp’s competitors include PhenixFIN Corp, Golub Capital BDC Inc, and New Mountain Finance Corp.
– PhenixFIN Corp ($NASDAQ:PFX)
PhenixFIN Corp is a specialty finance company that provides financing solutions to small and medium-sized businesses. The company has a market cap of 77.65M as of 2022 and a Return on Equity of -3.96%. PhenixFIN Corp offers a variety of financing products, including working capital loans, equipment loans, and real estate loans. The company also provides merchant cash advance products and lines of credit.
– Golub Capital BDC Inc ($NASDAQ:GBDC)
Golub Capital BDC, Inc. is a business development company specializing in middle market, first and second lien debt financing, mezzanine debt, and equity co-investments. The company was founded in 2007 and is headquartered in New York, New York.
– New Mountain Finance Corp ($NASDAQ:NMFC)
New Mountain Finance Corporation is a closed-end investment company that invests primarily in middle market companies. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. New Mountain Finance Corporation is managed by an affiliate of New Mountain Capital, LLC, a leading alternative investment manager.
Summary
BlackRock Capital Investment Corporation reported an astonishing 159.1% increase in total revenue for the second quarter of 2023, rising from -0.7 million to 3.3 million. Net income also increased to 1.5 million year over year. This is strong evidence of the positive performance of the company’s investing strategies, and investors can be confident that their investments are in safe hands. BlackRock remains committed to providing strong returns and a sound investing experience for its clients.
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