Samalin Investment Counsel LLC Has $922,000 Holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Samalin Investment Counsel LLC raised its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,823 shares of the investment management company’s stock after buying an additional 42,827 shares during the period. Samalin Investment Counsel LLC owned 0.12% of BlackRock TCP Capital worth $922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TCPC. Columbus Macro LLC acquired a new position in BlackRock TCP Capital in the fourth quarter valued at about $4,177,000. GraniteShares Advisors LLC acquired a new position in BlackRock TCP Capital in the fourth quarter valued at about $2,453,000. Transcend Capital Advisors LLC boosted its position in BlackRock TCP Capital by 17.2% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,432,456 shares of the investment management company’s stock valued at $12,477,000 after buying an additional 209,898 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BlackRock TCP Capital in the fourth quarter valued at about $886,000. Finally, Van ECK Associates Corp boosted its position in BlackRock TCP Capital by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock valued at $19,186,000 after buying an additional 95,603 shares in the last quarter.

Insider Activity at BlackRock TCP Capital

In other news, COO Patrick Wolfe bought 6,100 shares of the stock in a transaction on Friday, March 14th. The stock was purchased at an average price of $8.12 per share, with a total value of $49,532.00. Following the completion of the purchase, the chief operating officer now owns 8,003 shares of the company’s stock, valued at approximately $64,984.36. This trade represents a 320.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Philip M. Tseng bought 10,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $7.74 per share, with a total value of $77,400.00. Following the purchase, the chief executive officer now directly owns 38,587 shares of the company’s stock, valued at approximately $298,663.38. This represents a 34.98 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 18,500 shares of company stock worth $146,444 over the last ninety days. Company insiders own 0.16% of the company’s stock.

BlackRock TCP Capital Trading Up 0.1 %

Shares of NASDAQ TCPC opened at $7.73 on Friday. The company’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $8.70. BlackRock TCP Capital Corp. has a fifty-two week low of $7.67 and a fifty-two week high of $11.52. The firm has a market capitalization of $657.65 million, a P/E ratio of -15.46 and a beta of 1.55. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37.

BlackRock TCP Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 12.94%. BlackRock TCP Capital’s dividend payout ratio is currently -133.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TCPC shares. Keefe, Bruyette & Woods reduced their target price on shares of BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company reduced their target price on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.