BlackRock TCP Capital (NASDAQ:TCPC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of BlackRock TCP Capital (NASDAQ:TCPC) from a sell rating to a hold rating in a research report report published on Tuesday.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on BlackRock TCP Capital from $11.50 to $10.50 and set a market perform rating on the stock in a research note on Friday, March 22nd. Raymond James downgraded BlackRock TCP Capital from an outperform rating to a market perform rating in a research note on Friday, March 1st. JMP Securities reiterated a market perform rating on shares of BlackRock TCP Capital in a research note on Friday, March 1st. Finally, Oppenheimer dropped their price target on BlackRock TCP Capital from $11.00 to $10.00 and set a market perform rating on the stock in a research note on Thursday, May 2nd. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, BlackRock TCP Capital has a consensus rating of Hold and an average target price of $10.67.

BlackRock TCP Capital Trading Down 0.4 %

Shares of NASDAQ:TCPC opened at $10.80 on Tuesday. The business’s 50-day moving average is $10.74 and its 200 day moving average is $10.92. BlackRock TCP Capital has a 1 year low of $9.90 and a 1 year high of $13.00. The firm has a market capitalization of $924.37 million, a P/E ratio of 30.86 and a beta of 1.47. The company has a debt-to-equity ratio of 1.37, a current ratio of 19.05 and a quick ratio of 19.05.

BlackRock TCP Capital (NASDAQ:TCPC) last announced its earnings results on Wednesday, May 1st. The investment management company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $55.73 million for the quarter, compared to analyst estimates of $50.99 million. BlackRock TCP Capital had a return on equity of 13.95% and a net margin of 9.69%. During the same period in the prior year, the company posted $0.44 EPS. On average, research analysts predict that BlackRock TCP Capital will post 1.71 earnings per share for the current fiscal year.

BlackRock TCP Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.59%. BlackRock TCP Capital’s payout ratio is 388.58%.

Hedge Funds Weigh In On BlackRock TCP Capital

Large investors have recently bought and sold shares of the business. Register Financial Advisors LLC acquired a new position in BlackRock TCP Capital in the 1st quarter worth about $26,000. Morton Brown Family Wealth LLC acquired a new position in BlackRock TCP Capital in the 4th quarter worth about $32,000. Future Financial Wealth Managment LLC acquired a new position in BlackRock TCP Capital in the 1st quarter worth about $31,000. Cape Investment Advisory Inc. acquired a new position in BlackRock TCP Capital in the 4th quarter worth about $74,000. Finally, Tucker Asset Management LLC acquired a new position in BlackRock TCP Capital in the 4th quarter worth about $74,000.

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.