BlackRock TCP Capital (NASDAQ:TCPC) Upgraded at StockNews.com

BlackRock TCP Capital (NASDAQ:TCPC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities analysts have also commented on TCPC. LADENBURG THALM/SH SH lowered shares of BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company raised their target price on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of BlackRock TCP Capital from $10.50 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.00.

BlackRock TCP Capital Stock Performance

Shares of TCPC traded up $0.16 during trading hours on Thursday, hitting $8.71. The company had a trading volume of 1,090,442 shares, compared to its average volume of 500,794. The firm has a market cap of $745.49 million, a price-to-earnings ratio of -16.43 and a beta of 1.47. The business has a fifty day moving average of $8.44 and a 200-day moving average of $9.74. BlackRock TCP Capital has a 12 month low of $7.71 and a 12 month high of $12.43. The company has a quick ratio of 44.47, a current ratio of 44.47 and a debt-to-equity ratio of 1.51.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). BlackRock TCP Capital had a positive return on equity of 14.42% and a negative net margin of 20.11%. The business had revenue of $70.93 million for the quarter, compared to the consensus estimate of $69.13 million. During the same period in the prior year, the business posted $0.49 earnings per share. Equities analysts anticipate that BlackRock TCP Capital will post 1.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Philip M. Tseng purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $9.10 per share, for a total transaction of $91,000.00. Following the transaction, the director now owns 27,481 shares of the company’s stock, valued at approximately $250,077.10. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Philip M. Tseng acquired 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $9.10 per share, for a total transaction of $91,000.00. Following the purchase, the director now directly owns 27,481 shares of the company’s stock, valued at $250,077.10. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip M. Tseng acquired 5,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $9.07 per share, with a total value of $45,350.00. Following the purchase, the director now directly owns 17,481 shares in the company, valued at $158,552.67. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 42,000 shares of company stock worth $381,875 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Institutional Trading of BlackRock TCP Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new stake in BlackRock TCP Capital during the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in BlackRock TCP Capital during the 2nd quarter valued at $60,000. Pathway Financial Advisers LLC increased its stake in BlackRock TCP Capital by 729.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock valued at $60,000 after purchasing an additional 6,379 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its stake in BlackRock TCP Capital by 22.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 1,970 shares in the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in BlackRock TCP Capital during the 3rd quarter valued at $100,000.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.