TCP Capital Corp. (NASDAQ:TCPC) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News stories about TCP Capital Corp. (NASDAQ:TCPC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TCP Capital Corp. earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 46.9629362809617 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Watching the Indicators for TCP Capital Corp. (NASDAQ:TCPC) – Sparta Review (spartareview.com)
- TCP Capital Corp. (TCPC) Ownership Decreased by Wells Fargo & Company/mn – Highlight Press (highlightpress.com)
- Brokerages Expect TCP Capital Corp. (TCPC) Will Post Quarterly Sales of $42.39 Million (americanbankingnews.com)
- TCP Capital Corp. (NASDAQ:TCPC) Upgraded by National Bank Financial to Outperform (americanbankingnews.com)
- TCP Capital Corp. (NASDAQ:TCPC) Upgraded to “Buy” by National Securities (americanbankingnews.com)
A number of equities research analysts have recently commented on the company. National Securities reiterated a “neutral” rating and set a $17.00 price objective on shares of TCP Capital Corp. in a research report on Thursday, May 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.00 price objective on shares of TCP Capital Corp. in a research report on Friday, April 28th. Zacks Investment Research downgraded TCP Capital Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. National Bank Financial upgraded TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 7th. Finally, Deutsche Bank AG upgraded TCP Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. TCP Capital Corp. has an average rating of “Buy” and an average target price of $17.71.
TCP Capital Corp. (NASDAQ:TCPC) traded down 0.42% during mid-day trading on Friday, hitting $16.57. The stock had a trading volume of 144,278 shares. The company has a 50-day moving average price of $16.73 and a 200 day moving average price of $16.93. TCP Capital Corp. has a 1-year low of $15.33 and a 1-year high of $17.47.
TCP Capital Corp. (NASDAQ:TCPC) last announced its quarterly earnings results on Thursday, August 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. The company had revenue of $46.23 million during the quarter, compared to analyst estimates of $40.37 million. On average, analysts anticipate that TCP Capital Corp. will post $1.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 8.69%. The ex-dividend date is Thursday, September 14th. TCP Capital Corp.’s dividend payout ratio (DPR) is 92.90%.
In other news, Director Brian F. Wruble purchased 10,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average price of $16.63 per share, with a total value of $166,300.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $332,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.
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About TCP Capital Corp.
TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.
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