According to Zacks, “BlackRock TCP Capital Corp. is an externally-managed non-diversified closed-end management investment company. It focused on middle-market lending. BlackRock TCP Capital Corp., formerly known as TCP Capital Corp., is headquartered in Santa Monica, CA. “
Separately, StockNews.com initiated coverage on shares of BlackRock TCP Capital in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, BlackRock TCP Capital has an average rating of “Hold” and a consensus target price of $14.88.
Shares of NASDAQ TCPC opened at $14.26 on Friday. BlackRock TCP Capital has a 1-year low of $12.71 and a 1-year high of $15.05. The firm has a market capitalization of $823.80 million, a P/E ratio of 6.17, a P/E/G ratio of 0.91 and a beta of 1.58. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average price is $13.93 and its 200-day moving average price is $13.82.
BlackRock TCP Capital (NASDAQ:TCPC – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The investment management company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). BlackRock TCP Capital had a net margin of 81.03% and a return on equity of 8.94%. The business had revenue of $39.58 million during the quarter, compared to the consensus estimate of $41.38 million. During the same period in the previous year, the business posted $0.35 EPS. Equities research analysts forecast that BlackRock TCP Capital will post 1.3 EPS for the current year.
Several institutional investors have recently bought and sold shares of the business. Monument Capital Management lifted its position in shares of BlackRock TCP Capital by 12.5% during the 1st quarter. Monument Capital Management now owns 59,247 shares of the investment management company’s stock worth $847,000 after buying an additional 6,597 shares in the last quarter. Calton & Associates Inc. raised its holdings in shares of BlackRock TCP Capital by 6.5% in the 1st quarter. Calton & Associates Inc. now owns 17,890 shares of the investment management company’s stock worth $255,000 after purchasing an additional 1,093 shares during the period. Richard P Slaughter Associates Inc bought a new stake in shares of BlackRock TCP Capital in the 1st quarter worth approximately $2,249,000. Blue Zone Wealth Advisors LLC raised its holdings in shares of BlackRock TCP Capital by 12.4% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 304,869 shares of the investment management company’s stock worth $4,360,000 after purchasing an additional 33,735 shares during the period. Finally, Confluence Investment Management LLC raised its holdings in shares of BlackRock TCP Capital by 0.4% in the 1st quarter. Confluence Investment Management LLC now owns 421,767 shares of the investment management company’s stock worth $6,032,000 after purchasing an additional 1,571 shares during the period. 23.45% of the stock is currently owned by hedge funds and other institutional investors.
About BlackRock TCP Capital (Get Rating)
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, 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.
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