Entropy Technologies LP Makes New $115,000 Investment in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Entropy Technologies LP purchased a new position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,193 shares of the investment management company’s stock, valued at approximately $115,000.

Several other hedge funds also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC boosted its stake 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 last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of BlackRock TCP Capital by 18.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 14,878 shares of the investment management company’s stock worth $130,000 after acquiring an additional 2,350 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of BlackRock TCP Capital by 33.3% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 16,000 shares of the investment management company’s stock worth $139,000 after acquiring an additional 4,000 shares during the period. Avior Wealth Management LLC purchased a new position in shares of BlackRock TCP Capital during the 4th quarter worth about $38,000. Finally, McIlrath & Eck LLC purchased a new position in shares of BlackRock TCP Capital during the 3rd quarter worth about $46,000.

Analyst Upgrades and Downgrades

TCPC has been the topic of several recent analyst reports. 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 increased their price objective on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.00.

Insider Activity at BlackRock TCP Capital

In other news, President Jason Mehring acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the purchase, the president now directly owns 19,914 shares of the company’s stock, valued at approximately $185,200.20. This trade represents a 29.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

BlackRock TCP Capital Trading Up 1.3 %

NASDAQ TCPC opened at $9.41 on Friday. BlackRock TCP Capital Corp. has a one year low of $7.71 and a one year high of $11.52. The company’s 50 day moving average price is $8.94 and its 200 day moving average price is $8.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37. The firm has a market capitalization of $805.40 million, a price-to-earnings ratio of -18.82 and a beta of 1.50.

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.