BlackRock TCP Capital Corp. (NASDAQ:TCPC) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC decreased its position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,465 shares of the investment management company’s stock after selling 4,373 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in BlackRock TCP Capital were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its position in BlackRock TCP Capital by 7.3% during the third quarter. Van ECK Associates Corp now owns 2,107,130 shares of the investment management company’s stock worth $17,257,000 after acquiring an additional 143,667 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of BlackRock TCP Capital by 3.7% during the 3rd quarter. D.A. Davidson & CO. now owns 485,458 shares of the investment management company’s stock worth $4,024,000 after purchasing an additional 17,218 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in BlackRock TCP Capital by 32.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 102,477 shares of the investment management company’s stock valued at $850,000 after buying an additional 25,193 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in BlackRock TCP Capital by 51.9% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 85,514 shares of the investment management company’s stock valued at $709,000 after buying an additional 29,209 shares during the last quarter. Finally, Ignite Planners LLC increased its position in BlackRock TCP Capital by 14.7% during the fourth quarter. Ignite Planners LLC now owns 75,121 shares of the investment management company’s stock worth $664,000 after buying an additional 9,655 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TCPC. Wells Fargo & Company upped their price objective on BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.00.

BlackRock TCP Capital Stock Up 0.8 %

Shares of NASDAQ:TCPC opened at $9.03 on Thursday. The company has a current ratio of 39.37, a quick ratio of 39.37 and a debt-to-equity ratio of 1.34. The firm has a market cap of $772.88 million, a price-to-earnings ratio of -18.06 and a beta of 1.50. The stock’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $9.04. BlackRock TCP Capital Corp. has a 12-month low of $7.71 and a 12-month high of $11.77.

BlackRock TCP Capital (NASDAQ:TCPC) last released its 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 company had revenue of $70.93 million during the quarter, compared to analyst estimates of $69.13 million. During the same period in the prior year, the business posted $0.49 earnings per share. On average, research analysts forecast that BlackRock TCP Capital Corp. will post 1.65 EPS for the current year.

BlackRock TCP Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from BlackRock TCP Capital’s previous quarterly dividend of $0.34. This represents a $1.76 annualized dividend and a dividend yield of 19.49%. BlackRock TCP Capital’s payout ratio is currently -271.99%.

Insider Transactions at BlackRock TCP Capital

In other news, President Jason Mehring bought 4,500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $9.30 per share, for a total transaction of $41,850.00. Following the acquisition, the president now owns 19,914 shares of the company’s stock, valued at $185,200.20. This trade represents a 29.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.16% of the company’s stock.

BlackRock TCP Capital 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.