Shares of BlackRock TCP Capital Corp (NASDAQ:TCPC) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.13.

A number of research firms recently weighed in on TCPC. Zacks Investment Research lowered BlackRock TCP Capital from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. Finally, National Securities reaffirmed a “buy” rating and set a $19.00 price objective on shares of BlackRock TCP Capital in a research report on Monday, November 12th.

TCPC stock traded up $0.11 on Monday, reaching $14.25. 390,436 shares of the company traded hands, compared to its average volume of 332,585. BlackRock TCP Capital has a one year low of $13.71 and a one year high of $15.90. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.90. The firm has a market cap of $831.28 million, a PE ratio of 7.16, a price-to-earnings-growth ratio of 1.77 and a beta of 0.70.

BlackRock TCP Capital (NASDAQ:TCPC) last posted its quarterly earnings data on Thursday, November 8th. The investment management company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. BlackRock TCP Capital had a return on equity of 11.56% and a net margin of 31.79%. The company had revenue of $49.48 million during the quarter, compared to analyst estimates of $48.06 million. On average, research analysts expect that BlackRock TCP Capital will post 1.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, December 14th. This represents a $1.44 annualized dividend and a yield of 10.11%. BlackRock TCP Capital’s dividend payout ratio is 72.36%.

In related news, CFO Paul L. Davis bought 4,000 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average cost of $13.89 per share, for a total transaction of $55,560.00. Following the completion of the transaction, the chief financial officer now owns 11,000 shares of the company’s stock, valued at $152,790. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Rajneesh Vig bought 7,000 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average price of $13.92 per share, for a total transaction of $97,440.00. Following the completion of the transaction, the chief operating officer now directly owns 39,750 shares of the company’s stock, valued at approximately $553,320. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 21,725 shares of company stock worth $304,044. Company insiders own 0.55% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. purchased a new position in BlackRock TCP Capital during the second quarter valued at $145,000. Stock Yards Bank & Trust Co. purchased a new position in BlackRock TCP Capital during the third quarter valued at $170,000. Financial Counselors Inc. purchased a new position in BlackRock TCP Capital during the second quarter valued at $201,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in BlackRock TCP Capital during the third quarter valued at $264,000. Finally, Caxton Associates LP purchased a new position in BlackRock TCP Capital during the third quarter valued at $265,000. Institutional investors own 45.58% of the company’s stock.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.

See Also: Intrinsic Value

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