GraniteShares Advisors LLC Takes $2.45 Million Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

GraniteShares Advisors LLC acquired a new stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 281,676 shares of the investment management company’s stock, valued at approximately $2,453,000. GraniteShares Advisors LLC owned approximately 0.33% of BlackRock TCP Capital as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of BlackRock TCP Capital by 729.0% during the third quarter. International Assets Investment Management LLC now owns 46,374 shares of the investment management company’s stock valued at $3,840,000 after buying an additional 40,780 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of BlackRock TCP Capital by 32.6% during the third quarter. Arkadios Wealth Advisors now owns 102,477 shares of the investment management company’s stock valued at $850,000 after buying an additional 25,193 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock TCP Capital during the third quarter valued at approximately $431,000. Pathway Financial Advisers LLC boosted its position in shares of BlackRock TCP Capital by 729.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock valued at $60,000 after buying an additional 6,379 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of BlackRock TCP Capital by 7.3% during the third quarter. Van ECK Associates Corp now owns 2,107,130 shares of the investment management company’s stock valued at $17,257,000 after buying an additional 143,667 shares during the last quarter.

Wall Street Analysts Forecast Growth

TCPC has been the topic of several analyst reports. StockNews.com raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company lifted their target price on BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, BlackRock TCP Capital has an average rating of “Hold” and an average price target of $9.00.

BlackRock TCP Capital Stock Up 0.4 %

Shares of NASDAQ TCPC opened at $9.42 on Wednesday. BlackRock TCP Capital Corp. has a one year low of $7.71 and a one year high of $11.52. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. The business’s fifty day moving average price is $8.95 and its 200-day moving average price is $8.81. The stock has a market capitalization of $806.27 million, a PE ratio of -18.84 and a beta of 1.50.

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.