Hennion & Walsh Asset Management Inc. Sells 47,697 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Hennion & Walsh Asset Management Inc. lowered its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 429,988 shares of the investment management company's stock after selling 47,697 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.50% of BlackRock TCP Capital worth $3,745,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in BlackRock TCP Capital by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,107,130 shares of the investment management company's stock valued at $17,257,000 after purchasing an additional 143,667 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of BlackRock TCP Capital by 3.7% in the third 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. Arkadios Wealth Advisors lifted its holdings in shares of BlackRock TCP Capital by 32.6% in the third quarter. Arkadios Wealth Advisors now owns 102,477 shares of the investment management company's stock valued at $850,000 after purchasing an additional 25,193 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in shares of BlackRock TCP Capital by 51.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 85,514 shares of the investment management company's stock valued at $709,000 after buying an additional 29,209 shares during the last quarter. Finally, Ignite Planners LLC grew its holdings in BlackRock TCP Capital by 14.7% during the fourth quarter. Ignite Planners LLC now owns 75,121 shares of the investment management company's stock worth $664,000 after buying an additional 9,655 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on TCPC shares. StockNews.com upgraded BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research note on Monday, November 18th. Wells Fargo & Company raised their price target 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. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9.00.

Insider Buying and Selling at BlackRock TCP Capital

In other BlackRock TCP Capital news, President Jason Mehring bought 4,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $9.30 per share, with a total value of $41,850.00. Following the acquisition, the president now directly owns 19,914 shares of the company's stock, 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 is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

BlackRock TCP Capital Stock Performance

Shares of BlackRock TCP Capital stock traded up $0.09 during trading hours on Friday, hitting $8.95. 532,033 shares of the company's stock traded hands, compared to its average volume of 405,694. The company has a fifty day simple moving average of $8.92 and a 200-day simple moving average of $9.10. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. The stock has a market capitalization of $766.03 million, a price-to-earnings ratio of -17.90 and a beta of 1.50. BlackRock TCP Capital Corp. has a 12-month low of $7.71 and a 12-month high of $11.77.

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The investment management company reported $0.36 earnings per share (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 company had revenue of $70.93 million for the quarter, compared to analysts' expectations of $69.13 million. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts anticipate that BlackRock TCP Capital Corp. will post 1.65 EPS for the current fiscal year.

BlackRock TCP Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.44 dividend. 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 yield of 19.66%. The ex-dividend date was Tuesday, December 17th. BlackRock TCP Capital's dividend payout ratio (DPR) is currently -271.99%.

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.