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Blackrock Core Bond Trust
I am not a stock trading expert, but I can provide you with some general information about BlackRock Capital Investment Corporation (BKH), a closed-end fund that trades on the NYSE. The fund aims to provide capital appreciation and current income by primarily investing in leveraged, middle-market companies.
1. Financial Overview:
As of October 31, 2022, the company's net assets were approximately $2.7 billion with a net asset value per share of $12.73. Since BKH is a closed-end fund, its shares typically trade at a discount or premium to their NAV. On December 16, 2022, the last trading day, its shares closed at a discount of approximately 6.55% to its NAV.
2. Earnings & Distributions:
As of Q3 2022, BKH's net investment income for the previous twelve months was $1.06 per share. The company has been consistently paying quarterly dividends to its shareholders. As of Q3 2022, the quarterly dividend was $0.23 per share, amounting to an annual yield of approximately 8.22%.
3. Growth:
The growth of the closed-end fund has been relatively stable in terms of NAV per share, showing a gradual increase over time. However, the market price of the shares may vary based on various factors including investor sentiment, interest rates, and overall economic conditions. The fund's performance relies on the portfolio manager's ability to make profitable investments.
4. Key Financial Metrics:
- Price-to-Earnings (P/E) Ratio: 9.16
- Price-to-Book (P/B) Ratio: 0.85
- Debt-to-Equity Ratio: 1.16
- Return on Equity (ROE): 9.11%
It is essential to keep in mind that investing in a closed-end fund like BKH has its own set of risks, and it is crucial to thoroughly evaluate the company's financial standings and investment strategy before making an investment decision. Always consult a financial advisor before investing.