Avior Wealth Management LLC Makes New $38,000 Investment in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Avior Wealth Management LLC bought a new position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,379 shares of the investment management company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of BlackRock TCP Capital during the 3rd quarter worth about $25,000. McIlrath & Eck LLC bought a new position in shares of BlackRock TCP Capital during the 3rd quarter worth about $46,000. Pathway Financial Advisers LLC increased its holdings in shares of 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 worth $60,000 after purchasing an additional 6,379 shares during the period. Quantbot Technologies LP bought a new position in shares of BlackRock TCP Capital during the 3rd quarter worth about $79,000. Finally, MeadowBrook Investment Advisors LLC increased its holdings in shares of BlackRock TCP Capital by 22.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock worth $90,000 after purchasing an additional 1,970 shares during the period.

Insider Transactions at BlackRock TCP Capital

In other BlackRock TCP Capital news, President Jason Mehring acquired 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the acquisition, the president now directly owns 19,914 shares of the company’s stock, valued at approximately $185,200.20. This represents a 29.19 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

BlackRock TCP Capital Stock Performance

NASDAQ TCPC opened at $8.86 on Thursday. The stock has a market cap of $758.33 million, a P/E ratio of -17.72 and a beta of 1.50. The company’s 50-day simple moving average is $8.96 and its 200 day simple moving average is $8.97. BlackRock TCP Capital Corp. has a twelve month low of $7.71 and a twelve month high of $11.67. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34.

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

BlackRock TCP Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 19.86%. This is a positive change from BlackRock TCP Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, December 17th. BlackRock TCP Capital’s dividend payout ratio is presently -271.99%.

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.