EP Wealth Advisors LLC Purchases New Stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

EP Wealth Advisors LLC purchased a new position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 63,488 shares of the investment management company's stock, valued at approximately $526,000. EP Wealth Advisors LLC owned 0.07% of BlackRock TCP Capital at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Jane Street Group LLC increased its stake in shares of BlackRock TCP Capital by 189.3% in the 3rd quarter. Jane Street Group LLC now owns 36,457 shares of the investment management company's stock valued at $302,000 after acquiring an additional 23,857 shares in the last quarter. Centiva Capital LP acquired a new position in shares of BlackRock TCP Capital during the 3rd quarter valued at $258,000. Paloma Partners Management Co acquired a new position in shares of BlackRock TCP Capital during the 3rd quarter valued at $608,000. CreativeOne Wealth LLC lifted its position in shares of BlackRock TCP Capital by 13.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 67,794 shares of the investment management company's stock valued at $562,000 after acquiring an additional 8,238 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of BlackRock TCP Capital during the 3rd quarter valued at $79,000.

Insider Transactions at BlackRock TCP Capital

In other news, President Jason Mehring bought 4,500 shares of BlackRock TCP Capital 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 purchase, the president now directly owns 19,914 shares in the company, valued at $185,200.20. The trade was a 29.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

BlackRock TCP Capital Stock Up 1.4 %

TCPC traded up $0.13 during trading on Thursday, hitting $9.54. 1,318,215 shares of the company's stock were exchanged, compared to its average volume of 503,241. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. The business's 50 day moving average is $8.65 and its two-hundred day moving average is $9.50. BlackRock TCP Capital Corp. has a fifty-two week low of $7.71 and a fifty-two week high of $12.43. The stock has a market cap of $816.54 million, a P/E ratio of -18.82 and a beta of 1.50.

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). 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 for the quarter, compared to analyst estimates of $69.13 million. During the same quarter in the previous year, the company posted $0.49 EPS. As a group, equities analysts expect that BlackRock TCP Capital Corp. 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 will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.44 per share. This is an increase from BlackRock TCP Capital's previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, December 17th. This represents a $1.76 annualized dividend and a yield of 18.45%. BlackRock TCP Capital's dividend payout ratio is presently -272.00%.

Analyst Ratings Changes

TCPC has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the company 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 research report on Monday, November 18th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9.00.

BlackRock TCP Capital 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.