Thursday, March 17, 2011

Blackrock Kelso Capital BKCC - What now?

BKCC missed its expected quarterly earnings by over 70% and since then the stock has taken a pounding to the tune of over 20%.

Many different sites have already documented this occurrence, but it appears Blackrock's Advisor is putting its money behind the company - BlackRock Kelso Capital Advisors LLC bought 200,000 shares through a private placement, but it includes information on restricted stock that was already granted to him. At best this is a mixed signal, would be a lot more interesting if the CEO / CIO was making the purchase.

See this link for the full Form 4 filing.

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