Zacks Investment Research cut shares of BlackRock TCP Capital (NASDAQ:TCPC) from a hold rating to a sell rating in a research report report published on Wednesday.

According to Zacks, “BlackRock TCP Capital Corp. is an externally-managed non-diversified closed-end management investment company. It focused on middle-market lending. BlackRock TCP Capital Corp., formerly known as TCP Capital Corp., is headquartered in Santa Monica, CA. “

A number of other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of BlackRock TCP Capital from a sell rating to a hold rating in a research report on Monday, March 11th. National Securities reduced their target price on shares of BlackRock TCP Capital from $19.00 to $18.00 and set a buy rating on the stock in a research report on Monday, March 4th. Finally, ValuEngine upgraded shares of BlackRock TCP Capital from a sell rating to a hold rating in a research report on Wednesday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $16.50.

Shares of TCPC stock opened at $14.26 on Wednesday. BlackRock TCP Capital has a 1 year low of $12.52 and a 1 year high of $14.98. The company has a market cap of $838.00 million, a PE ratio of 8.97, a P/E/G ratio of 2.93 and a beta of 0.80. The company has a current ratio of 12.33, a quick ratio of 12.33 and a debt-to-equity ratio of 0.97.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.10%. BlackRock TCP Capital’s payout ratio is 90.57%.

In other BlackRock TCP Capital news, insider Rajneesh Vig purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was acquired at an average cost of $12.92 per share, with a total value of $129,200.00. Following the completion of the purchase, the insider now directly owns 49,750 shares in the company, valued at approximately $642,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Howard Levkowitz purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The shares were acquired at an average cost of $12.88 per share, with a total value of $64,400.00. Following the completion of the purchase, the chief executive officer now owns 124,144 shares of the company’s stock, valued at $1,598,974.72. The disclosure for this purchase can be found here. Insiders have bought 19,000 shares of company stock worth $245,200 over the last quarter. 11.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. CFO4Life Group LLC bought a new stake in shares of BlackRock TCP Capital during the fourth quarter worth approximately $152,000. Joel Isaacson & Co. LLC bought a new stake in shares of BlackRock TCP Capital during the fourth quarter worth approximately $209,000. Wiley BROS. Aintree Capital LLC bought a new stake in shares of BlackRock TCP Capital during the fourth quarter worth approximately $209,000. Great West Life Assurance Co. Can raised its stake in shares of BlackRock TCP Capital by 13.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 17,559 shares of the investment management company’s stock worth $221,000 after buying an additional 2,066 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of BlackRock TCP Capital during the fourth quarter worth approximately $240,000. 45.16% of the stock is owned by institutional investors and hedge funds.

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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