Caxton Associates LP Buys 15,911 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Caxton Associates LP raised its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 51.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,720 shares of the investment management company’s stock after buying an additional 15,911 shares during the period. Caxton Associates LP owned about 0.05% of BlackRock TCP Capital worth $487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of BlackRock TCP Capital by 58.5% during the 1st quarter. Van ECK Associates Corp now owns 1,678,661 shares of the investment management company’s stock valued at $17,508,000 after purchasing an additional 619,519 shares in the last quarter. Confluence Investment Management LLC acquired a new position in BlackRock TCP Capital during the 1st quarter worth approximately $4,172,000. International Assets Investment Management LLC raised its stake in BlackRock TCP Capital by 1,054.0% during the 4th quarter. International Assets Investment Management LLC now owns 411,978 shares of the investment management company’s stock worth $4,754,000 after buying an additional 376,278 shares during the period. Condor Capital Management acquired a new position in BlackRock TCP Capital during the 1st quarter worth approximately $3,887,000. Finally, Privium Fund Management UK Ltd acquired a new position in BlackRock TCP Capital during the 1st quarter worth approximately $1,022,000.

BlackRock TCP Capital Stock Performance

Shares of BlackRock TCP Capital stock opened at $10.65 on Wednesday. The company has a market cap of $911.53 million, a PE ratio of 30.43 and a beta of 1.49. BlackRock TCP Capital Corp. has a 52 week low of $9.90 and a 52 week high of $13.00. The business has a 50 day moving average price of $10.92 and a 200-day moving average price of $10.77. The company has a quick ratio of 19.05, a current ratio of 19.05 and a debt-to-equity ratio of 1.37.

BlackRock TCP Capital (NASDAQ:TCPC) last issued its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.45 EPS for the quarter, hitting the consensus estimate 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 business posted $0.44 earnings per share. Equities analysts anticipate that BlackRock TCP Capital Corp. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TCPC. StockNews.com raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th. Oppenheimer dropped their price target on BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, BlackRock TCP Capital currently has a consensus rating of “Hold” and an average price target 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.