BlackRock TCP Capital (NASDAQ:TCPC) Price Target Cut to $8.50 by Analysts at Keefe, Bruyette & Woods

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $9.00 to $8.50 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the investment management company's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 1.86% from the stock's previous close.

A number of other brokerages have also weighed in on TCPC. StockNews.com raised shares of BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price objective on 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 four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.67.

BlackRock TCP Capital Trading Down 1.1 %

Shares of TCPC stock traded down $0.10 during trading hours on Friday, reaching $8.35. The company's stock had a trading volume of 502,198 shares, compared to its average volume of 551,864. 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 has a one year low of $7.71 and a one year high of $11.52. The stock has a market capitalization of $714.26 million, a P/E ratio of -16.66 and a beta of 1.50. The firm's fifty day simple moving average is $8.97 and its 200 day simple moving average is $8.81.

Institutional Investors Weigh In On BlackRock TCP Capital

Several large investors have recently bought and sold shares of TCPC. Avior Wealth Management LLC bought a new stake in BlackRock TCP Capital during the fourth quarter valued at about $38,000. McIlrath & Eck LLC bought a new position in shares of BlackRock TCP Capital in the 3rd quarter valued at about $46,000. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 3,508 shares during the last quarter. Transce3nd LLC purchased a new position in shares of BlackRock TCP Capital during the 4th quarter worth about $70,000. Finally, Quantbot Technologies LP purchased a new position in BlackRock TCP Capital during the 3rd quarter valued at $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.