BlackRock TCP Capital Corp. (NASDAQ:TCPC) Position Trimmed by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,371 shares of the investment management company’s stock after selling 6,704 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BlackRock TCP Capital were worth $561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Transcend Capital Advisors LLC lifted its holdings in shares of BlackRock TCP Capital by 17.2% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,432,456 shares of the investment management company’s stock valued at $12,477,000 after buying an additional 209,898 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of BlackRock TCP Capital by 77.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 92,491 shares of the investment management company’s stock valued at $806,000 after buying an additional 40,448 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of BlackRock TCP Capital by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock valued at $19,186,000 after buying an additional 95,603 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of BlackRock TCP Capital during the 4th quarter valued at about $115,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BlackRock TCP Capital by 12.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 238,432 shares of the investment management company’s stock valued at $2,077,000 after buying an additional 25,560 shares during the last quarter.

BlackRock TCP Capital Stock Performance

Shares of NASDAQ:TCPC opened at $8.44 on Friday. The business’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $8.81. BlackRock TCP Capital Corp. has a fifty-two week low of $7.71 and a fifty-two week high of $11.52. The stock has a market capitalization of $722.39 million, a price-to-earnings ratio of -16.88 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37.

BlackRock TCP Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.85%. The ex-dividend date of this dividend is Monday, March 17th. BlackRock TCP Capital’s dividend payout ratio is currently -272.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TCPC shares. Wells Fargo & Company reduced their price target on BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Friday. StockNews.com upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods reduced their target price on BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, BlackRock TCP Capital currently has a consensus rating of “Hold” and a consensus target price of $8.67.

BlackRock TCP Capital Profile

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.