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

BlackRock TCP Capital (NASDAQ:TCPC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other analysts also recently weighed in on TCPC. Keefe, Bruyette & Woods reduced their price target on shares of BlackRock TCP Capital from $11.50 to $10.50 and set a “market perform” rating for the company in a report on Friday, March 22nd. Oppenheimer reduced their price target on shares of BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.67.

BlackRock TCP Capital Price Performance

NASDAQ TCPC opened at $11.01 on Thursday. The company has a current ratio of 19.05, a quick ratio of 19.05 and a debt-to-equity ratio of 1.37. BlackRock TCP Capital has a 1 year low of $9.90 and a 1 year high of $13.00. The company has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $10.86. The company has a market cap of $942.36 million, a P/E ratio of 31.46 and a beta of 1.49.

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

Hedge Funds Weigh In On BlackRock TCP Capital

A number of hedge funds have recently made changes to their positions in TCPC. Register Financial Advisors LLC acquired a new stake in shares of BlackRock TCP Capital during the 1st quarter worth about $26,000. Morton Brown Family Wealth LLC acquired a new stake in shares of BlackRock TCP Capital during the 4th quarter worth about $32,000. Future Financial Wealth Managment LLC acquired a new stake in shares of BlackRock TCP Capital during the 1st quarter worth about $31,000. Cape Investment Advisory Inc. acquired a new stake in shares of BlackRock TCP Capital during the 4th quarter worth about $74,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of BlackRock TCP Capital during the 4th quarter worth about $74,000.

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.