BCP Investment Corp Q3 net investment income jumps, helped by Logan Ridge acquisition
BCP Investment Corp reported a 94.2% increase in Q3 net investment income to $8.8 million, driven by a 50% rise in total investment income to $18.9 million, aided by the acquisition of Logan Ridge Finance Corp. The company announced a $9 million modified Dutch auction tender offer to repurchase up to 10% of its common stock by year-end. Analysts maintain a "buy" rating, with a median 12-month price target of $15.00, reflecting a potential upside of 19.5% from its recent closing price of $12.08.
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Overview
- BCP Q3 total investment income rises 50% to $18.9 mln
- Net investment income for Q3 increases 94.2% to $8.8 mln
- Company launches $9 mln modified Dutch auction tender offer
Outlook
- BCP Investment Corp expects to repurchase up to 10% of its common stock by year-end
- Company plans a $9.0 mln Dutch auction tender offer starting November 10, 2025
Result Drivers
- MERGER IMPACT - Merger with Logan Ridge Finance Corp increased scale and portfolio diversification, enhancing operating efficiencies
- INCOME GROWTH - Total investment income rose 50% to $18.9 mln, driven by increased interest income from Debt Securities Portfolio
- SHARE REPURCHASE - Co launches $9 mln modified Dutch auction tender offer to repurchase shares and enhance shareholder value
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Net $231.30
Asset mln
Value
Analyst Coverage
- The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 2 “strong buy” or “buy”, 2 “hold” and no “sell” or “strong sell”
- The average consensus recommendation for the closed end funds peer group is “buy”
- Wall Street’s median 12-month price target for BCP Investment Corp is $15.00, about 19.5% above its November 5 closing price of $12.08
- The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
