Shares of BlackRock TCP Capital Corp (NASDAQ:TCPC) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.88.

TCPC has been the topic of several research analyst reports. National Securities reissued a “sell” rating and set a $4.00 target price on shares of Prospect Capital in a research note on Monday, May 13th. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. TheStreet raised shares of BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th. Finally, BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th.

Shares of TCPC stock traded down $0.05 during trading hours on Tuesday, reaching $14.06. The stock had a trading volume of 241,591 shares, compared to its average volume of 257,983. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.97. BlackRock TCP Capital has a twelve month low of $12.52 and a twelve month high of $14.98. The company’s 50-day simple moving average is $14.34. The company has a market cap of $826.25 million, a price-to-earnings ratio of 8.84, a PEG ratio of 2.91 and a beta of 0.71.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings data on Wednesday, May 8th. The investment management company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. BlackRock TCP Capital had a net margin of 21.88% and a return on equity of 11.27%. The business had revenue of $47.54 million for the quarter, compared to analysts’ expectations of $47.36 million. Analysts predict that BlackRock TCP Capital will post 1.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.44 annualized dividend and a yield of 10.24%. BlackRock TCP Capital’s payout ratio is 90.57%.

Institutional investors have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. increased its stake in BlackRock TCP Capital by 3.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 264,918 shares of the investment management company’s stock valued at $3,757,000 after buying an additional 8,958 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of BlackRock TCP Capital by 13.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 17,559 shares of the investment management company’s stock worth $221,000 after purchasing an additional 2,066 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of BlackRock TCP Capital in the 4th quarter worth approximately $240,000. Standard Life Aberdeen plc acquired a new position in shares of BlackRock TCP Capital in the 4th quarter worth approximately $707,000. Finally, Two Sigma Advisers LP grew its stake in shares of BlackRock TCP Capital by 31.5% in the 4th quarter. Two Sigma Advisers LP now owns 358,944 shares of the investment management company’s stock worth $4,681,000 after purchasing an additional 86,045 shares during the last quarter. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock TCP Capital Company Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.

Further Reading: Technical Indicators – What is a Golden Cross?

Receive News & Ratings for BlackRock TCP Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock TCP Capital and related companies with MarketBeat.com's FREE daily email newsletter.