Transcend Capital Advisors LLC lifted its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,432,456 shares of the investment management company's stock after purchasing an additional 209,898 shares during the period. BlackRock TCP Capital comprises about 0.9% of Transcend Capital Advisors LLC's portfolio, making the stock its 19th biggest holding. Transcend Capital Advisors LLC owned about 1.67% of BlackRock TCP Capital worth $12,477,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC boosted its stake in BlackRock TCP Capital by 22.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company's stock worth $90,000 after buying an additional 1,970 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of BlackRock TCP Capital by 18.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,878 shares of the investment management company's stock worth $130,000 after purchasing an additional 2,350 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of BlackRock TCP Capital by 33.3% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 16,000 shares of the investment management company's stock worth $139,000 after buying an additional 4,000 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of BlackRock TCP Capital in the 4th quarter valued at about $38,000. Finally, McIlrath & Eck LLC acquired a new position in BlackRock TCP Capital in the third quarter valued at $46,000.
Analyst Ratings Changes
TCPC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an "underweight" rating in a research report on Thursday, November 7th. StockNews.com upgraded BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, BlackRock TCP Capital presently has a consensus rating of "Hold" and a consensus price target of $9.00.
View Our Latest Stock Analysis on TCPC
Insider Transactions at BlackRock TCP Capital
In other news, President Jason Mehring purchased 4,500 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $9.30 per share, with a total value of $41,850.00. Following the completion of the transaction, the president now owns 19,914 shares in the company, valued at approximately $185,200.20. The trade was a 29.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company's stock.
BlackRock TCP Capital Trading Up 0.4 %
Shares of TCPC stock traded up $0.04 during mid-day trading on Tuesday, hitting $9.42. 661,966 shares of the company's stock were exchanged, compared to its average volume of 482,957. BlackRock TCP Capital Corp. has a fifty-two week low of $7.71 and a fifty-two week high of $11.52. The stock has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $8.81. 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 stock has a market cap of $806.27 million, a price-to-earnings ratio of -18.84 and a beta of 1.50.
BlackRock TCP Capital Company Profile
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Free Report)
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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