BlackRock TCP Capital (NASDAQ:TCPC) Rating Lowered to Strong Sell at BidaskClub

BlackRock TCP Capital (NASDAQ:TCPC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday, BidAskClub reports.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. TheStreet upgraded BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th. Finally, National Securities restated a “sell” rating and issued a $4.00 target price on shares of Prospect Capital in a research note on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.50.

Shares of NASDAQ TCPC opened at $14.28 on Friday. BlackRock TCP Capital has a 52 week low of $12.52 and a 52 week high of $14.98. The business has a 50-day moving average of $14.39. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.97. The company has a market cap of $835.65 million, a P/E ratio of 8.98, a P/E/G ratio of 2.94 and a beta of 0.71.

BlackRock TCP Capital (NASDAQ:TCPC) last issued its earnings results on Wednesday, May 8th. The investment management company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. BlackRock TCP Capital had a return on equity of 11.27% and a net margin of 21.88%. The business had revenue of $47.54 million during the quarter, compared to the consensus estimate of $47.36 million. On average, equities research analysts predict that BlackRock TCP Capital will post 1.61 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cetera Advisor Networks LLC boosted its position in shares of BlackRock TCP Capital by 2.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 25,942 shares of the investment management company’s stock valued at $367,000 after acquiring an additional 720 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of BlackRock TCP Capital by 8.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,042 shares of the investment management company’s stock valued at $261,000 after acquiring an additional 1,511 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of BlackRock TCP Capital by 1.6% during the 1st quarter. Dubuque Bank & Trust Co. now owns 131,293 shares of the investment management company’s stock valued at $1,862,000 after acquiring an additional 2,028 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of BlackRock TCP Capital by 13.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 17,559 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 2,066 shares during the last quarter. Finally, CFO4Life Group LLC boosted its position in shares of BlackRock TCP Capital by 20.1% during the 1st quarter. CFO4Life Group LLC now owns 14,049 shares of the investment management company’s stock valued at $199,000 after acquiring an additional 2,356 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.

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