BlackRock TCP Capital Corp. (NASDAQ:TCPC) Short Interest Update

BlackRock TCP Capital Corp. (NASDAQ:TCPC) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,020,000 shares, a decline of 17.7% from the January 15th total of 1,240,000 shares. Based on an average daily volume of 579,700 shares, the short-interest ratio is currently 1.8 days.

Insider Buying and Selling at BlackRock TCP Capital

In other BlackRock TCP Capital news, President Jason Mehring bought 4,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $9.30 per share, with a total value of $41,850.00. Following the transaction, the president now 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BlackRock TCP Capital

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of BlackRock TCP Capital by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock valued at $19,186,000 after acquiring an additional 95,603 shares in the last quarter. Transcend Capital Advisors LLC grew its position in BlackRock TCP Capital by 17.2% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,432,456 shares of the investment management company’s stock worth $12,477,000 after purchasing an additional 209,898 shares during the last quarter. TrueMark Investments LLC acquired a new position in BlackRock TCP Capital during the 4th quarter valued at approximately $5,268,000. Envestnet Asset Management Inc. raised its holdings in shares of BlackRock TCP Capital by 623.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 558,815 shares of the investment management company’s stock worth $4,867,000 after buying an additional 481,581 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of BlackRock TCP Capital by 3.7% during the third quarter. D.A. Davidson & CO. now owns 485,458 shares of the investment management company’s stock worth $4,024,000 after buying an additional 17,218 shares during the period.

BlackRock TCP Capital Stock Up 1.3 %

BlackRock TCP Capital stock opened at $9.41 on Friday. BlackRock TCP Capital has a 1-year low of $7.71 and a 1-year high of $11.52. The business has a fifty day moving average price of $8.94 and a 200-day moving average price of $8.84. 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 stock has a market capitalization of $805.40 million, a price-to-earnings ratio of -18.82 and a beta of 1.50.

Analyst Ratings Changes

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

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.