37,775 Shares in BlackRock TCP Capital Corp. (NASDAQ:TCPC) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,775 shares of the investment management company's stock, valued at approximately $329,000.

Several other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in BlackRock TCP Capital by 189.3% during 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 period. Columbus Macro LLC purchased a new stake in shares of BlackRock TCP Capital during the fourth quarter valued at $4,177,000. GraniteShares Advisors LLC purchased a new stake in shares of BlackRock TCP Capital during the fourth quarter valued at $2,453,000. EP Wealth Advisors LLC bought a new position in shares of BlackRock TCP Capital in the third quarter worth about $526,000. Finally, Paloma Partners Management Co purchased a new position in BlackRock TCP Capital in the 3rd quarter worth about $608,000.

Insiders Place Their Bets

In other news, COO Patrick Wolfe purchased 6,100 shares of the firm's stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $8.12 per share, with a total value of $49,532.00. Following the completion of the transaction, the chief operating officer now owns 8,003 shares in the company, valued at $64,984.36. This represents a 320.55 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Philip M. Tseng bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $7.74 per share, with a total value of $77,400.00. Following the transaction, the chief executive officer now directly owns 38,587 shares of the company's stock, valued at $298,663.38. The trade was a 34.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 18,500 shares of company stock worth $146,444 over the last 90 days. Company insiders own 0.16% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an "underweight" rating on the stock in a research note on Friday, February 28th. StockNews.com raised BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Keefe, Bruyette & Woods reduced their price objective on BlackRock TCP Capital from $9.00 to $8.50 and set a "market perform" rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.67.

BlackRock TCP Capital Stock Up 0.5 %

Shares of NASDAQ:TCPC traded up $0.04 during trading hours on Tuesday, hitting $8.05. The company's stock had a trading volume of 495,064 shares, compared to its average volume of 549,716. The firm's fifty day moving average price is $8.66 and its 200 day moving average price is $8.64. BlackRock TCP Capital Corp. has a 52 week low of $7.67 and a 52 week high of $11.52. The company has a market capitalization of $684.87 million, a price-to-earnings ratio of -16.10 and a beta of 1.55. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37.

BlackRock TCP Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 12.42%. The ex-dividend date of this dividend was Monday, March 17th. BlackRock TCP Capital's dividend payout ratio (DPR) is -133.33%.

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.