BlackRock TCP Capital Corp. (NASDAQ:TCPC) Given Consensus Rating of “Reduce” by Brokerages

BlackRock TCP Capital Corp. (NASDAQ:TCPC) has received a consensus rating of “Reduce” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9.00.

TCPC has been the subject of several recent research reports. StockNews.com raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company boosted their target price 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating for the company in a research report on Friday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TCPC. CF Capital LLC acquired a new position in BlackRock TCP Capital during the fourth quarter worth $243,000. Balyasny Asset Management L.P. purchased a new stake in shares of BlackRock TCP Capital during the fourth quarter worth about $177,000. Jane Street Group LLC raised its position in shares of BlackRock TCP Capital by 291.5% during the 4th quarter. Jane Street Group LLC now owns 142,714 shares of the investment management company’s stock worth $1,243,000 after purchasing an additional 106,257 shares during the last quarter. Talon Private Wealth LLC purchased a new position in BlackRock TCP Capital in the 4th quarter valued at about $276,000. Finally, Aquatic Capital Management LLC boosted its holdings in BlackRock TCP Capital by 146.4% in the 4th quarter. Aquatic Capital Management LLC now owns 34,000 shares of the investment management company’s stock worth $296,000 after buying an additional 20,200 shares during the last quarter.

BlackRock TCP Capital Stock Down 0.3 %

NASDAQ:TCPC traded down $0.03 during trading hours on Friday, reaching $8.42. The company’s stock had a trading volume of 743,212 shares, compared to its average volume of 533,335. The stock has a 50 day moving average price of $8.97 and a two-hundred day moving average price of $8.81. 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 company has a market capitalization of $720.25 million, a P/E ratio of -16.85 and a beta of 1.50. BlackRock TCP Capital has a 12 month low of $7.71 and a 12 month high of $11.52.

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.