BlackRock TCP Capital Corp. (NASDAQ:TCPC) Shares Bought by Barings LLC

Barings LLC raised its holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 480,322 shares of the investment management company’s stock after acquiring an additional 22,675 shares during the quarter. Barings LLC owned 0.56% of BlackRock TCP Capital worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Avior Wealth Management LLC purchased a new stake in BlackRock TCP Capital during the fourth quarter valued at about $38,000. McIlrath & Eck LLC purchased a new stake in BlackRock TCP Capital during the third quarter valued at about $46,000. Quantbot Technologies LP purchased a new stake in BlackRock TCP Capital during the third quarter valued at about $79,000. MeadowBrook Investment Advisors LLC lifted its stake in BlackRock TCP Capital by 22.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock valued at $90,000 after buying an additional 1,970 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new stake in BlackRock TCP Capital during the third quarter valued at about $100,000.

BlackRock TCP Capital Trading Up 2.3 %

Shares of TCPC stock opened at $8.32 on Friday. BlackRock TCP Capital Corp. has a 12 month low of $7.71 and a 12 month high of $11.52. 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 company has a market cap of $707.84 million, a PE ratio of -16.64 and a beta of 1.55. The business’s 50 day moving average is $8.92 and its two-hundred day moving average is $8.78.

BlackRock TCP Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 12.02%. BlackRock TCP Capital’s dividend payout ratio is -133.33%.

Wall Street Analyst Weigh In

TCPC has been the topic of a number of research reports. StockNews.com downgraded BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Tuesday, March 4th. Wells Fargo & Company dropped their target price on BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating on the stock in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods dropped their target price on BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating on the stock in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.67.

BlackRock TCP Capital Company 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.