604,833 Shares in BlackRock TCP Capital Corp. (NASDAQ:TCPC) Bought by TrueMark Investments LLC

TrueMark Investments LLC bought a new position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 604,833 shares of the investment management company's stock, valued at approximately $5,268,000. BlackRock TCP Capital makes up approximately 1.7% of TrueMark Investments LLC's investment portfolio, making the stock its 14th largest position. TrueMark Investments LLC owned about 0.71% of BlackRock TCP Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC raised its holdings in 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 during the last quarter. Columbus Macro LLC purchased a new position in BlackRock TCP Capital during the fourth quarter worth approximately $4,177,000. Samalin Investment Counsel LLC boosted its stake in BlackRock TCP Capital by 68.0% during the fourth quarter. Samalin Investment Counsel LLC now owns 105,823 shares of the investment management company's stock worth $922,000 after buying an additional 42,827 shares during the last quarter. GraniteShares Advisors LLC acquired a new stake in shares of BlackRock TCP Capital in the 4th quarter worth $2,453,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of BlackRock TCP Capital during the 3rd quarter worth $526,000.

BlackRock TCP Capital Stock Down 0.2 %

TCPC stock traded down $0.02 during mid-day trading on Friday, reaching $7.99. The company had a trading volume of 530,886 shares, compared to its average volume of 548,328. The firm has a fifty day simple moving average of $8.69 and a 200 day simple moving average of $8.66. The company has a market capitalization of $679.77 million, a price-to-earnings ratio of -15.98 and a beta of 1.55. BlackRock TCP Capital Corp. has a fifty-two week low of $7.67 and a fifty-two week high of $11.52. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37.

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BlackRock TCP Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 12.52%. The ex-dividend date is Monday, March 17th. BlackRock TCP Capital's dividend payout ratio is presently -133.33%.

Insiders Place Their Bets

In related news, COO Patrick Wolfe bought 6,100 shares of the stock in a transaction dated Friday, March 14th. The stock was acquired at an average price of $8.12 per share, for a total transaction of $49,532.00. Following the acquisition, the chief operating officer now owns 8,003 shares in the company, valued at approximately $64,984.36. This represents a 320.55 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Philip M. Tseng purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the purchase, the chief executive officer now directly owns 38,587 shares in the company, valued at $298,663.38. This represents a 34.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 18,500 shares of company stock valued at $146,444 in the last ninety days. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an "underweight" rating for the company in a research report on Friday, February 28th. Keefe, Bruyette & Woods cut their target price on BlackRock TCP Capital from $9.00 to $8.50 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Finally, StockNews.com raised BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $8.67.

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.