Muzinich & Co. Inc. Has $2.10 Million Stock Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Muzinich & Co. Inc. boosted its stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 241,464 shares of the investment management company’s stock after purchasing an additional 25,560 shares during the period. BlackRock TCP Capital accounts for about 1.3% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 20th biggest holding. Muzinich & Co. Inc. owned 0.28% of BlackRock TCP Capital worth $2,103,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TCPC. GraniteShares Advisors LLC acquired a new stake in shares of BlackRock TCP Capital in the 4th quarter valued at approximately $2,453,000. Transcend Capital Advisors LLC raised its position in BlackRock TCP Capital by 17.2% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,432,456 shares of the investment management company’s stock worth $12,477,000 after acquiring an additional 209,898 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in BlackRock TCP Capital by 77.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 92,491 shares of the investment management company’s stock valued at $806,000 after acquiring an additional 40,448 shares during the last quarter. Van ECK Associates Corp grew its position in shares of BlackRock TCP Capital by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock valued at $19,186,000 after acquiring an additional 95,603 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of BlackRock TCP Capital during the 4th quarter worth about $115,000.

BlackRock TCP Capital Stock Down 0.8 %

BlackRock TCP Capital stock opened at $9.34 on Thursday. The company’s 50-day moving average price is $8.97 and its two-hundred day moving average price is $8.81. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. The stock has a market cap of $799.42 million, a P/E ratio of -18.68 and a beta of 1.50. BlackRock TCP Capital Corp. has a twelve month low of $7.71 and a twelve month high of $11.52.

Analyst Upgrades and Downgrades

TCPC has been the subject of a number of research analyst reports. StockNews.com upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a 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 stock an “underweight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.00.

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.