Campbell & CO Investment Adviser LLC Purchases 26,863 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Campbell & CO Investment Adviser LLC increased its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,040 shares of the investment management company’s stock after purchasing an additional 26,863 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in BlackRock TCP Capital were worth $1,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Melia Wealth LLC bought a new stake in shares of BlackRock TCP Capital in the 4th quarter valued at about $12,577,000. Van ECK Associates Corp raised its holdings in shares of BlackRock TCP Capital by 10.6% in the 4th quarter. Van ECK Associates Corp now owns 1,059,142 shares of the investment management company’s stock valued at $12,222,000 after purchasing an additional 101,513 shares during the period. International Assets Investment Management LLC raised its holdings in shares of BlackRock TCP Capital by 1,054.0% in the 4th quarter. International Assets Investment Management LLC now owns 411,978 shares of the investment management company’s stock valued at $4,754,000 after purchasing an additional 376,278 shares during the period. D.A. Davidson & CO. raised its holdings in shares of BlackRock TCP Capital by 10.3% in the 4th quarter. D.A. Davidson & CO. now owns 382,617 shares of the investment management company’s stock valued at $4,415,000 after purchasing an additional 35,753 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of BlackRock TCP Capital by 21.5% in the 4th quarter. Raymond James & Associates now owns 292,417 shares of the investment management company’s stock valued at $3,374,000 after purchasing an additional 51,766 shares during the period.

BlackRock TCP Capital Price Performance

NASDAQ TCPC traded up $0.31 during midday trading on Monday, hitting $11.39. The company had a trading volume of 434,483 shares, compared to its average volume of 459,588. The firm has a 50-day moving average price of $10.41 and a 200-day moving average price of $11.03. The company has a market capitalization of $974.87 million, a PE ratio of 31.66 and a beta of 1.47. The company has a current ratio of 19.05, a quick ratio of 19.05 and a debt-to-equity ratio of 1.37. BlackRock TCP Capital Corp. has a twelve month low of $9.90 and a twelve month high of $13.00.

BlackRock TCP Capital (NASDAQ:TCPC) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $55.73 million during the quarter, compared to the consensus estimate of $50.99 million. BlackRock TCP Capital had a return on equity of 13.95% and a net margin of 9.69%. During the same period in the prior year, the company posted $0.44 EPS. As a group, analysts anticipate that BlackRock TCP Capital Corp. will post 1.71 earnings per share for the current fiscal year.

BlackRock TCP Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.36 annualized dividend and a dividend yield of 11.94%. BlackRock TCP Capital’s dividend payout ratio is currently 388.58%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TCPC. JMP Securities reissued a “market perform” rating on shares of BlackRock TCP Capital in a report on Friday, March 1st. Oppenheimer lowered their price target on shares of BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Raymond James cut shares of BlackRock TCP Capital from an “outperform” rating to a “market perform” rating in a report on Friday, March 1st. StockNews.com cut shares of BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Friday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of BlackRock TCP Capital from $11.50 to $10.50 and set a “market perform” rating on the stock in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.67.

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.