Pathway Financial Advisers LLC Grows Stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Pathway Financial Advisers LLC increased its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 729.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,254 shares of the investment management company’s stock after acquiring an additional 6,379 shares during the period. Pathway Financial Advisers LLC’s holdings in BlackRock TCP Capital were worth $60,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TCPC. Future Financial Wealth Managment LLC bought a new stake in shares of BlackRock TCP Capital during the 3rd quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in BlackRock TCP Capital in the second quarter worth about $60,000. Accel Wealth Management bought a new stake in BlackRock TCP Capital during the 2nd quarter worth approximately $108,000. Disciplined Investments LLC purchased a new position in shares of BlackRock TCP Capital during the 2nd quarter valued at $108,000. Finally, Catalina Capital Group LLC bought a new position in shares of BlackRock TCP Capital in the second quarter worth about $108,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective 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 Tuesday. Keefe, Bruyette & Woods dropped their price objective on shares of BlackRock TCP Capital from $10.50 to $9.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. StockNews.com cut BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, LADENBURG THALM/SH SH lowered BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.83.

BlackRock TCP Capital Trading Down 0.5 %

TCPC stock opened at $8.16 on Thursday. The firm’s fifty day simple moving average is $8.55 and its two-hundred day simple moving average is $9.82. The stock has a market capitalization of $698.41 million, a price-to-earnings ratio of -15.40 and a beta of 1.47. The company has a quick ratio of 44.47, a current ratio of 44.47 and a debt-to-equity ratio of 1.51. BlackRock TCP Capital Corp. has a twelve month low of $8.02 and a twelve month high of $12.43.

BlackRock TCP Capital (NASDAQ:TCPC) last announced its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $71.53 million during the quarter, compared to the consensus estimate of $70.39 million. BlackRock TCP Capital had a negative net margin of 20.11% and a positive return on equity of 14.42%. During the same quarter last year, the firm earned $0.48 earnings per share. As a group, analysts anticipate that BlackRock TCP Capital Corp. will post 1.66 earnings per share for the current year.

BlackRock TCP Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 16.67%. BlackRock TCP Capital’s payout ratio is -256.60%.

Insider Transactions at BlackRock TCP Capital

In related news, Director Philip M. Tseng acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $9.10 per share, for a total transaction of $91,000.00. Following the acquisition, the director now directly owns 27,481 shares of the company’s stock, valued at $250,077.10. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Philip M. Tseng bought 10,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $9.10 per share, for a total transaction of $91,000.00. Following the acquisition, the director now owns 27,481 shares of the company’s stock, valued at $250,077.10. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip M. Tseng bought 5,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $9.07 per share, for a total transaction of $45,350.00. Following the completion of the acquisition, the director now owns 17,481 shares in the company, valued at $158,552.67. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 42,000 shares of company stock worth $381,875. 0.16% of the stock is currently owned by insiders.

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.