Disciplined Investments LLC Purchases 10,000 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Disciplined Investments LLC lifted its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 100.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the investment management company’s stock after acquiring an additional 10,000 shares during the quarter. Disciplined Investments LLC’s holdings in BlackRock TCP Capital were worth $166,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TCPC. Future Financial Wealth Managment LLC purchased a new position in BlackRock TCP Capital in the 3rd quarter worth about $25,000. LSV Asset Management increased its position in shares of BlackRock TCP Capital by 1.1% during the first quarter. LSV Asset Management now owns 281,447 shares of the investment management company’s stock worth $2,935,000 after acquiring an additional 3,147 shares during the period. International Assets Investment Management LLC purchased a new position in BlackRock TCP Capital during the 2nd quarter worth $60,000. Pathway Financial Advisers LLC raised its position in BlackRock TCP Capital by 729.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock valued at $60,000 after purchasing an additional 6,379 shares in the last quarter. Finally, Ignite Planners LLC lifted its holdings in shares of BlackRock TCP Capital by 10.6% in the 2nd quarter. Ignite Planners LLC now owns 73,376 shares of the investment management company’s stock worth $805,000 after buying an additional 7,017 shares during the period.

Analyst Upgrades and Downgrades

TCPC has been the topic of several research reports. Wells Fargo & Company raised their price target on BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a research note on Thursday. Keefe, Bruyette & Woods reduced their price target 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 raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, LADENBURG THALM/SH SH lowered shares of BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.00.

Insiders Place Their Bets

In related news, Director Philip M. Tseng acquired 5,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased 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 directly owns 17,481 shares in the company, valued at $158,552.67. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Rajneesh Vig purchased 25,000 shares of the stock in a transaction on Thursday, August 29th. The stock was bought at an average price of $9.09 per share, with a total value of $227,250.00. Following the transaction, the chief executive officer now owns 130,930 shares in the company, valued at $1,190,153.70. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip M. Tseng purchased 5,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $9.07 per share, for a total transaction of $45,350.00. Following the purchase, the director now owns 17,481 shares in the company, valued at approximately $158,552.67. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 42,000 shares of company stock valued at $381,875. 0.16% of the stock is currently owned by corporate insiders.

BlackRock TCP Capital Stock Down 0.6 %

NASDAQ:TCPC opened at $8.66 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 44.47 and a current ratio of 39.37. The company’s 50-day simple moving average is $8.43 and its 200-day simple moving average is $9.72. BlackRock TCP Capital Corp. has a fifty-two week low of $7.71 and a fifty-two week high of $12.43.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.04). BlackRock TCP Capital had a positive return on equity of 14.16% and a negative net margin of 15.22%. The firm had revenue of $70.93 million during the quarter, compared to analysts’ expectations of $69.13 million. During the same period in the prior year, the firm posted $0.49 earnings per share. On average, equities analysts forecast that BlackRock TCP Capital Corp. will post 1.65 EPS for the current year.

BlackRock TCP Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from BlackRock TCP Capital’s previous quarterly dividend of $0.34. This represents a $1.76 dividend on an annualized basis and a yield of 20.32%. BlackRock TCP Capital’s dividend payout ratio (DPR) is -271.99%.

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.