Shares of BlackRock TCP Capital Corp (NASDAQ:TCPC) have earned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.13.

Several brokerages have commented on TCPC. Zacks Investment Research lowered shares of BlackRock TCP Capital from a “buy” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Finally, National Securities reissued a “buy” rating and set a $19.00 price target on shares of BlackRock TCP Capital in a research report on Monday, November 12th.

TCPC remained flat at $$14.15 during trading on Tuesday. The company had a trading volume of 276,300 shares, compared to its average volume of 247,811. The company has a market capitalization of $831.60 million, a PE ratio of 7.11, a PEG ratio of 1.74 and a beta of 0.71. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.90. BlackRock TCP Capital has a 1-year low of $12.52 and a 1-year high of $15.36.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Monday, December 17th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.18%. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently 72.36%.

In related news, CEO Howard Levkowitz acquired 5,000 shares of the stock in a transaction on Friday, November 16th. The stock was bought at an average cost of $13.89 per share, with a total value of $69,450.00. Following the transaction, the chief executive officer now directly owns 119,144 shares in the company, valued at $1,654,910.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul L. Davis acquired 3,000 shares of the stock in a transaction on Friday, December 21st. The stock was bought at an average cost of $12.88 per share, with a total value of $38,640.00. Following the completion of the transaction, the chief financial officer now owns 15,900 shares in the company, valued at $204,792. The disclosure for this purchase can be found here. Insiders have purchased a total of 40,725 shares of company stock worth $549,244 over the last quarter. 11.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Confluence Investment Management LLC increased its stake in BlackRock TCP Capital by 9.3% during the 4th quarter. Confluence Investment Management LLC now owns 816,269 shares of the investment management company’s stock valued at $10,644,000 after purchasing an additional 69,485 shares in the last quarter. Cliffwater LLC boosted its holdings in BlackRock TCP Capital by 75.0% during the third quarter. Cliffwater LLC now owns 504,651 shares of the investment management company’s stock worth $7,181,000 after buying an additional 216,256 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in BlackRock TCP Capital by 4.4% during the third quarter. Neuberger Berman Group LLC now owns 402,448 shares of the investment management company’s stock worth $5,727,000 after buying an additional 17,000 shares in the last quarter. Bank of America Corp DE lifted its holdings in BlackRock TCP Capital by 16.2% during the second quarter. Bank of America Corp DE now owns 376,946 shares of the investment management company’s stock valued at $5,447,000 after purchasing an additional 52,591 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in BlackRock TCP Capital by 4.3% during the fourth quarter. D.A. Davidson & CO. now owns 248,194 shares of the investment management company’s stock valued at $3,236,000 after purchasing an additional 10,239 shares in the last quarter. Hedge funds and other institutional investors own 45.95% of the company’s stock.

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.

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