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

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

Other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in BlackRock TCP Capital in the third quarter valued at $25,000. McIlrath & Eck LLC bought a new position in BlackRock TCP Capital in the third quarter valued at $46,000. Pathway Financial Advisers LLC grew its position in BlackRock TCP Capital by 729.0% in the third quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock valued at $60,000 after purchasing an additional 6,379 shares in the last quarter. Quantbot Technologies LP bought a new position in BlackRock TCP Capital in the third quarter valued at $79,000. Finally, MeadowBrook Investment Advisors LLC grew its position in BlackRock TCP Capital by 22.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 1,970 shares in the last quarter.

BlackRock TCP Capital Stock Performance

Shares of TCPC stock 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 has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. The company has a fifty day moving average price of $8.96 and a two-hundred day moving average price of $8.97. BlackRock TCP Capital Corp. has a one year low of $7.71 and a one year high of $11.67.

BlackRock TCP Capital (NASDAQ:TCPC) last announced its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The firm had revenue of $70.93 million during the quarter, compared to analyst estimates of $69.13 million. BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, equities analysts predict that BlackRock TCP Capital Corp. will post 1.65 EPS for the current 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 paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 19.86%. 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. BlackRock TCP Capital’s dividend payout ratio (DPR) is currently -271.99%.

Wall Street Analysts Forecast Growth

TCPC has been the subject of a number of analyst reports. Wells Fargo & Company raised 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 report on Thursday, November 7th. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, BlackRock TCP Capital currently has an average rating of “Hold” and a consensus target price of $9.00.

Insider Transactions at BlackRock TCP Capital

In related news, President Jason Mehring bought 4,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $9.30 per share, for a total transaction of $41,850.00. Following the purchase, the president now owns 19,914 shares in the company, valued at $185,200.20. This represents a 29.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

BlackRock TCP Capital Company 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.