17,733 Shares in BlackRock TCP Capital Corp. (NASDAQ:TCPC) Bought by Cetera Advisors LLC

Cetera Advisors LLC purchased a new stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,733 shares of the investment management company’s stock, valued at approximately $185,000.

Several other institutional investors have also recently made changes to their positions in the stock. Caxton Associates LP increased its position in BlackRock TCP Capital by 51.6% in the 1st quarter. Caxton Associates LP now owns 46,720 shares of the investment management company’s stock valued at $487,000 after buying an additional 15,911 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of BlackRock TCP Capital during the first quarter valued at approximately $357,000. Advisors Asset Management Inc. increased its holdings in shares of BlackRock TCP Capital by 5.9% during the first quarter. Advisors Asset Management Inc. now owns 215,206 shares of the investment management company’s stock valued at $2,245,000 after acquiring an additional 11,987 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of BlackRock TCP Capital by 212.1% during the first quarter. CreativeOne Wealth LLC now owns 31,803 shares of the investment management company’s stock worth $332,000 after purchasing an additional 21,614 shares during the period. Finally, MQS Management LLC bought a new position in shares of BlackRock TCP Capital in the 1st quarter worth $120,000.

BlackRock TCP Capital Stock Up 1.0 %

TCPC stock opened at $9.04 on Monday. The stock has a market cap of $773.73 million, a P/E ratio of 25.83 and a beta of 1.49. The company has a current ratio of 44.47, a quick ratio of 44.47 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $10.49 and its two-hundred day simple moving average is $10.57. BlackRock TCP Capital Corp. has a 1-year low of $8.59 and a 1-year high of $12.59.

BlackRock TCP Capital (NASDAQ:TCPC) last posted its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $71.53 million during the quarter, compared to analyst estimates of $70.39 million. BlackRock TCP Capital had a negative net margin of 20.11% and a positive return on equity of 14.42%. During the same quarter in the prior year, the business earned $0.48 earnings per share. Analysts expect that BlackRock TCP Capital Corp. will post 1.68 EPS for the current year.

BlackRock TCP Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 15.04%. BlackRock TCP Capital’s payout ratio is 388.58%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of BlackRock TCP Capital from $10.00 to $8.50 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Oppenheimer lowered their target price on shares of BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. LADENBURG THALM/SH SH lowered BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. StockNews.com lowered BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their price target on 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. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, BlackRock TCP Capital presently has a consensus rating of “Hold” and an average target price of $9.17.

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.