Samalin Investment Counsel LLC Acquires 42,827 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Samalin Investment Counsel LLC increased its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) by 68.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 105,823 shares of the investment management company's stock after acquiring an additional 42,827 shares during the quarter. Samalin Investment Counsel LLC owned about 0.12% of BlackRock TCP Capital worth $922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TCPC. Avior Wealth Management LLC purchased a new stake in shares of BlackRock TCP Capital in the fourth quarter worth about $38,000. McIlrath & Eck LLC bought a new position in shares of BlackRock TCP Capital in the 3rd quarter worth $46,000. Quantbot Technologies LP purchased a new stake in shares of BlackRock TCP Capital during the 3rd quarter valued at $79,000. VSM Wealth Advisory LLC bought a new stake in shares of BlackRock TCP Capital during the 4th quarter worth $84,000. Finally, Entropy Technologies LP purchased a new position in BlackRock TCP Capital in the fourth quarter worth $115,000.

Insider Buying and Selling

In other BlackRock TCP Capital news, COO Patrick Wolfe bought 6,100 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $8.12 per share, with a total value of $49,532.00. Following the completion of the purchase, the chief operating officer now directly owns 8,003 shares of the company's stock, valued at $64,984.36. This trade represents a 320.55 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Philip M. Tseng acquired 10,000 shares of the stock in a transaction on Friday, March 21st. The stock was bought at an average price of $7.74 per share, with a total value of $77,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 38,587 shares of the company's stock, valued at $298,663.38. This trade represents a 34.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 18,500 shares of company stock valued at $146,444 over the last three months. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research report on Thursday. Keefe, Bruyette & Woods dropped 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 report on Friday, February 28th. Finally, Wells Fargo & Company cut their target price on BlackRock TCP Capital from $8.00 to $7.50 and set an "underweight" rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $8.67.

BlackRock TCP Capital Stock Performance

Shares of NASDAQ:TCPC remained flat at $8.01 on Thursday. The stock had a trading volume of 440,723 shares, compared to its average volume of 546,906. BlackRock TCP Capital Corp. has a 52-week low of $7.67 and a 52-week high of $11.52. 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 business has a 50 day simple moving average of $8.71 and a 200-day simple moving average of $8.67. The stock has a market capitalization of $681.47 million, a PE ratio of -16.02 and a beta of 1.55.

BlackRock TCP Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.48%. The ex-dividend date is Monday, March 17th. BlackRock TCP Capital's dividend payout ratio is -133.33%.

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.