BlackRock TCP Capital Corp (NASDAQ:TCPC) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.90.

A number of research analysts recently issued reports on the company. BidaskClub downgraded BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Keefe, Bruyette & Woods restated a “buy” rating and set a $17.00 price target on shares of BlackRock TCP Capital in a research note on Wednesday, August 8th. National Securities restated a “buy” rating and set a $19.00 price target on shares of BlackRock TCP Capital in a research note on Monday, August 13th. JMP Securities dropped their price target on BlackRock TCP Capital from $17.00 to $16.50 and set a “market outperform” rating on the stock in a research note on Tuesday, August 28th. Finally, Wells Fargo & Co dropped their price target on BlackRock TCP Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, October 4th.

In other news, Director Kathleen A. Corbet purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were purchased at an average price of $14.36 per share, for a total transaction of $43,080.00. Following the purchase, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $129,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Howard Levkowitz purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average price of $13.89 per share, for a total transaction of $69,450.00. Following the purchase, the chief executive officer now directly owns 119,144 shares in the company, valued at $1,654,910.16. The disclosure for this purchase can be found here. Insiders have purchased a total of 19,725 shares of company stock worth $275,564 in the last 90 days. 0.55% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its position in BlackRock TCP Capital by 70.2% during the 2nd quarter. GSA Capital Partners LLP now owns 153,386 shares of the investment management company’s stock worth $2,216,000 after acquiring an additional 63,286 shares during the period. BlueMountain Capital Management LLC lifted its position in BlackRock TCP Capital by 38.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 45,258 shares of the investment management company’s stock worth $654,000 after acquiring an additional 12,453 shares during the period. Stock Yards Bank & Trust Co. acquired a new stake in BlackRock TCP Capital during the 3rd quarter worth approximately $170,000. State Treasurer State of Michigan acquired a new stake in BlackRock TCP Capital during the 3rd quarter worth approximately $342,000. Finally, California Public Employees Retirement System lifted its position in BlackRock TCP Capital by 38.6% during the 2nd quarter. California Public Employees Retirement System now owns 109,900 shares of the investment management company’s stock worth $1,588,000 after acquiring an additional 30,600 shares during the period. 45.58% of the stock is owned by institutional investors.

Shares of TCPC traded down $0.33 during mid-day trading on Monday, reaching $14.01. The company’s stock had a trading volume of 16,775 shares, compared to its average volume of 351,967. BlackRock TCP Capital has a 12-month low of $13.71 and a 12-month high of $15.90. The company has a market cap of $843.04 million, a P/E ratio of 7.04, a PEG ratio of 1.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.01 and a current ratio of 2.01.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings data on Thursday, November 8th. The investment management company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. BlackRock TCP Capital had a return on equity of 11.56% and a net margin of 31.79%. The business had revenue of $49.48 million for the quarter, compared to the consensus estimate of $48.06 million. As a group, analysts predict that BlackRock TCP Capital will post 1.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.44 dividend on an annualized basis and a yield of 10.28%. BlackRock TCP Capital’s dividend payout ratio is presently 72.36%.

About BlackRock TCP Capital

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.

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