Columbus Macro LLC Takes $4.18 Million Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Columbus Macro LLC purchased a new stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 479,611 shares of the investment management company's stock, valued at approximately $4,177,000. Columbus Macro LLC owned 0.56% of BlackRock TCP Capital at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in BlackRock TCP Capital during the third quarter valued at approximately $25,000. Avior Wealth Management LLC purchased a new stake in shares of BlackRock TCP Capital in the 4th quarter worth $38,000. McIlrath & Eck LLC purchased a new stake in shares of BlackRock TCP Capital in the 3rd quarter worth $46,000. Pathway Financial Advisers LLC raised its holdings in BlackRock TCP Capital by 729.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company's stock worth $60,000 after purchasing an additional 6,379 shares during the period. Finally, Quantbot Technologies LP purchased a new position in BlackRock TCP Capital during the third quarter valued at $79,000.

Insider Activity

In other news, President Jason Mehring acquired 4,500 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the transaction, the president now directly owns 19,914 shares in the company, valued at approximately $185,200.20. This trade represents a 29.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com upgraded BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research report on Monday, November 18th. Wells Fargo & Company increased their target price on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an "underweight" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.00.

BlackRock TCP Capital Price Performance

Shares of BlackRock TCP Capital stock traded down $0.06 during trading hours on Friday, hitting $9.00. The company's stock had a trading volume of 554,087 shares, compared to its average volume of 469,975. The company has a market cap of $770.31 million, a PE ratio of -18.00 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37. The business has a 50 day moving average price of $8.95 and a two-hundred day moving average price of $8.90. BlackRock TCP Capital Corp. has a 12-month low of $7.71 and a 12-month high of $11.52.

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.04). BlackRock TCP Capital had a positive return on equity of 14.16% and a negative net margin of 15.22%. The business had revenue of $70.93 million during the quarter, compared to analysts' expectations of $69.13 million. During the same period in the prior year, the firm posted $0.49 earnings per share. Analysts expect that BlackRock TCP Capital Corp. will post 1.65 earnings per share for the current fiscal year.

BlackRock TCP Capital Company Profile

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.