Brokerages Set BlackRock TCP Capital Corp (NASDAQ:TCPC) PT at $16.83

BlackRock TCP Capital Corp (NASDAQ:TCPC) has received an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.63.

TCPC has been the subject of several research analyst reports. National Securities restated a “buy” rating and issued a $18.00 price objective on shares of BlackRock TCP Capital in a research note on Monday, May 13th. TheStreet upgraded shares of BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th. BidaskClub upgraded shares of BlackRock TCP Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, August 2nd. Oppenheimer set a $16.00 price objective on shares of BlackRock TCP Capital and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, ValuEngine downgraded shares of BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC boosted its stake in shares of BlackRock TCP Capital by 2.9% during the first quarter. Cetera Advisor Networks LLC now owns 25,942 shares of the investment management company’s stock worth $367,000 after buying an additional 720 shares during the period. Sandy Spring Bank acquired a new stake in shares of BlackRock TCP Capital during the second quarter worth about $29,000. Truvestments Capital LLC acquired a new stake in shares of BlackRock TCP Capital during the second quarter worth about $33,000. CFO4Life Group LLC boosted its stake in shares of BlackRock TCP Capital by 20.1% during the first quarter. CFO4Life Group LLC now owns 14,049 shares of the investment management company’s stock worth $199,000 after buying an additional 2,356 shares during the period. Finally, Mckinley Capital Management LLC Delaware boosted its stake in shares of BlackRock TCP Capital by 1.3% during the first quarter. Mckinley Capital Management LLC Delaware now owns 193,677 shares of the investment management company’s stock worth $2,746,000 after buying an additional 2,459 shares during the period. Institutional investors own 41.93% of the company’s stock.

Shares of BlackRock TCP Capital stock traded down $0.10 during trading hours on Friday, reaching $13.19. 12,114 shares of the company were exchanged, compared to its average volume of 328,008. BlackRock TCP Capital has a 1 year low of $12.52 and a 1 year high of $14.88. The firm has a fifty day moving average of $14.06. 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 capitalization of $781.05 million, a price-to-earnings ratio of 8.30, a PEG ratio of 2.80 and a beta of 0.70.

BlackRock TCP Capital (NASDAQ:TCPC) last posted its earnings results on Thursday, August 8th. The investment management company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $48.18 million for the quarter, compared to analyst estimates of $47.17 million. BlackRock TCP Capital had a return on equity of 11.32% and a net margin of 14.19%. As a group, sell-side analysts forecast that BlackRock TCP Capital will post 1.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.36 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.44 annualized dividend and a yield of 10.92%. BlackRock TCP Capital’s dividend payout ratio is presently 90.57%.

BlackRock TCP Capital Company Profile

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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