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BKCC - Negative Total Returns For BlackRock Capital Sums It Up
BlackRock Capital Investment Corporation
BlackRock Capital Investment Corporation (BKCC) has seen a 40% decline in its stock price and NAVPS since the 2015 management transition. The decreasing NAV trend over the years, coupled with the poor coverage of dividends by net-investment-income ((NII)), has resulted in the market valuing the company at .74x price/NAVPS. These numbers, combined with management's report of underperforming loans, mean further declines in NAV and eventual stock price are expected. Investors need to stay out or get out of this stock.