BlackRock TCP Capital (NASDAQ:TCPC) Downgraded by StockNews.com to "Sell"

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Tuesday.

TCPC has been the subject of a number of other research reports. Wells Fargo & Company cut their price target on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an "underweight" rating for the company in a report on Friday. Keefe, Bruyette & Woods cut their target price on BlackRock TCP Capital from $9.00 to $8.50 and set a "market perform" rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $8.67.

BlackRock TCP Capital Price Performance

TCPC traded down $0.07 on Tuesday, hitting $8.15. 922,231 shares of the stock were exchanged, compared to its average volume of 576,326. The firm has a market capitalization of $697.57 million, a price-to-earnings ratio of -16.30 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. BlackRock TCP Capital has a 12 month low of $7.71 and a 12 month high of $11.52. The business has a 50-day moving average of $8.95 and a two-hundred day moving average of $8.80.

Hedge Funds Weigh In On BlackRock TCP Capital

Institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC acquired a new stake in BlackRock TCP Capital in the fourth quarter valued at approximately $38,000. McIlrath & Eck LLC bought a new position in shares of BlackRock TCP Capital in the 3rd quarter valued at $46,000. Tower Research Capital LLC TRC boosted its holdings in shares of BlackRock TCP Capital by 177.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company's stock valued at $48,000 after acquiring an additional 3,508 shares in the last quarter. Transce3nd LLC acquired a new position in BlackRock TCP Capital in the 4th quarter worth about $70,000. Finally, Quantbot Technologies LP acquired a new position in BlackRock TCP Capital in the 3rd quarter worth about $79,000.

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.

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