BlackRock TCP Capital Corp. (NASDAQ:TCPC) Given Consensus Rating of "Reduce" by Brokerages

BlackRock TCP Capital Corp. (NASDAQ:TCPC - Get Free Report) has received an average rating of "Reduce" from the six analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.00.

TCPC has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an "underweight" rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of BlackRock TCP Capital from a "sell" rating to a "hold" rating in a report on Monday, November 18th.

Insider Buying and Selling at BlackRock TCP Capital

In other BlackRock TCP Capital news, President Jason Mehring purchased 4,500 shares of BlackRock TCP Capital stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $9.30 per share, with a total value of $41,850.00. Following the completion of the transaction, the president now owns 19,914 shares in the company, valued at approximately $185,200.20. This trade represents a 29.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Institutional Investors Weigh In On BlackRock TCP Capital

Several institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in shares of BlackRock TCP Capital by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company's stock valued at $19,186,000 after purchasing an additional 95,603 shares during the last quarter. D.A. Davidson & CO. increased its stake in BlackRock TCP Capital by 3.7% during the 3rd quarter. D.A. Davidson & CO. now owns 485,458 shares of the investment management company's stock valued at $4,024,000 after purchasing an additional 17,218 shares in the last quarter. Columbus Macro LLC purchased a new position in shares of BlackRock TCP Capital in the fourth quarter worth $4,177,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of BlackRock TCP Capital by 12.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 238,432 shares of the investment management company's stock worth $2,077,000 after buying an additional 25,560 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of BlackRock TCP Capital by 32.6% during the third quarter. Arkadios Wealth Advisors now owns 102,477 shares of the investment management company's stock valued at $850,000 after buying an additional 25,193 shares during the last quarter.

BlackRock TCP Capital Stock Up 3.0 %

TCPC traded up $0.27 during trading on Thursday, hitting $9.13. 273,211 shares of the company's stock traded hands, compared to its average volume of 477,206. The stock has a market capitalization of $781.01 million, a price-to-earnings ratio of -18.25 and a beta of 1.50. The company's 50 day simple moving average is $8.96 and its two-hundred day simple moving average is $8.97. BlackRock TCP Capital has a 12-month low of $7.71 and a 12-month high of $11.60. The company has a current ratio of 39.37, a quick ratio of 39.37 and a debt-to-equity ratio of 1.34.

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

BlackRock TCP Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.44 per share. The ex-dividend date was Tuesday, December 17th. This is an increase from BlackRock TCP Capital's previous quarterly dividend of $0.34. This represents a $1.76 dividend on an annualized basis and a dividend yield of 19.29%. BlackRock TCP Capital's dividend payout ratio (DPR) is currently -271.99%.

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.