J.W. Cole Advisors Inc. Buys 40,448 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

J.W. Cole Advisors Inc. increased its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) by 77.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 92,491 shares of the investment management company's stock after buying an additional 40,448 shares during the quarter. J.W. Cole Advisors Inc. owned 0.11% of BlackRock TCP Capital worth $806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TCPC. Sanctuary Advisors LLC purchased a new position in shares of BlackRock TCP Capital in the 2nd quarter worth about $119,000. International Assets Investment Management LLC boosted its holdings in shares of BlackRock TCP Capital by 729.0% in the 3rd quarter. International Assets Investment Management LLC now owns 46,374 shares of the investment management company's stock worth $3,840,000 after buying an additional 40,780 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of BlackRock TCP Capital by 32.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 102,477 shares of the investment management company's stock worth $850,000 after buying an additional 25,193 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of 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 buying an additional 6,379 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of BlackRock TCP Capital by 7.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,107,130 shares of the investment management company's stock worth $17,257,000 after buying an additional 143,667 shares during the last quarter.

Insider Activity

In related news, President Jason Mehring purchased 4,500 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost 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 represents a 29.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target 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. StockNews.com raised shares of BlackRock TCP Capital from a "sell" rating to a "hold" rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.00.

BlackRock TCP Capital Stock Performance

NASDAQ TCPC traded up $0.01 during trading on Friday, hitting $9.45. 514,820 shares of the company's stock traded hands, compared to its average volume of 476,997. The stock has a market capitalization of $808.83 million, a price-to-earnings ratio of -18.90 and a beta of 1.50. BlackRock TCP Capital Corp. has a 12-month low of $7.71 and a 12-month high of $11.52. 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 of $8.94 and a 200-day moving average of $8.81.

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.