Muzinich & Co. Inc. Lowers Position in Blackrock Tcp Capital Corp. $TCPC

Muzinich & Co. Inc. cut its stake in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,389 shares of the investment management company’s stock after selling 7,505 shares during the period. Blackrock Tcp Capital comprises about 0.9% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 22nd biggest position. Muzinich & Co. Inc.’s holdings in Blackrock Tcp Capital were worth $1,974,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of TCPC. PNC Financial Services Group Inc. lifted its position in Blackrock Tcp Capital by 27.5% during the first quarter. PNC Financial Services Group Inc. now owns 10,200 shares of the investment management company’s stock valued at $82,000 after purchasing an additional 2,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Blackrock Tcp Capital during the first quarter valued at $83,000. VSM Wealth Advisory LLC lifted its position in Blackrock Tcp Capital by 15.9% during the first quarter. VSM Wealth Advisory LLC now owns 11,230 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 1,537 shares in the last quarter. WealthTrust Axiom LLC purchased a new position in Blackrock Tcp Capital during the first quarter valued at $120,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in Blackrock Tcp Capital by 25.0% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 20,000 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 4,000 shares in the last quarter.

Blackrock Tcp Capital Price Performance

Shares of Blackrock Tcp Capital stock opened at $5.77 on Thursday. The stock’s 50-day simple moving average is $6.40 and its 200-day simple moving average is $7.05. Blackrock Tcp Capital Corp. has a 52 week low of $5.39 and a 52 week high of $9.72. The company has a market capitalization of $490.66 million, a price-to-earnings ratio of -33.94 and a beta of 1.04. The company has a quick ratio of 14.07, a current ratio of 14.06 and a debt-to-equity ratio of 1.59.

Blackrock Tcp Capital (NASDAQ:TCPC) last announced its quarterly earnings data on Thursday, August 7th. The investment management company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Blackrock Tcp Capital had a negative net margin of 4.98% and a positive return on equity of 15.12%. The business had revenue of $51.47 million during the quarter, compared to analysts’ expectations of $56.16 million. As a group, analysts expect that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current fiscal year.

Blackrock Tcp Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 17.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Blackrock Tcp Capital’s payout ratio is -588.24%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TCPC shares. Wells Fargo & Company reiterated an “underweight” rating and set a $6.00 target price (down from $6.50) on shares of Blackrock Tcp Capital in a research report on Tuesday, August 12th. Wall Street Zen downgraded Blackrock Tcp Capital from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Blackrock Tcp Capital in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus price target of $6.75.

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.