Disciplined Investments LLC Grows Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Disciplined Investments LLC grew its position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 100.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the investment management company’s stock after purchasing an additional 10,000 shares during the quarter. Disciplined Investments LLC’s holdings in BlackRock TCP Capital were worth $166,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in BlackRock TCP Capital during the third quarter valued at $25,000. LSV Asset Management boosted its stake in shares of BlackRock TCP Capital by 1.1% during the 1st quarter. LSV Asset Management now owns 281,447 shares of the investment management company’s stock worth $2,935,000 after acquiring an additional 3,147 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BlackRock TCP Capital during the 2nd quarter valued at about $60,000. Pathway Financial Advisers LLC increased its stake in shares of BlackRock TCP Capital by 729.0% in the 3rd 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. Finally, Ignite Planners LLC raised its holdings in BlackRock TCP Capital by 10.6% in the 2nd quarter. Ignite Planners LLC now owns 73,376 shares of the investment management company’s stock worth $805,000 after purchasing an additional 7,017 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a research note on Thursday. Keefe, Bruyette & Woods cut their target price on shares of BlackRock TCP Capital from $10.50 to $9.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. LADENBURG THALM/SH SH downgraded shares of BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, BlackRock TCP Capital has a consensus rating of “Hold” and a consensus target price of $9.00.

Insider Activity

In related news, CEO Rajneesh Vig purchased 25,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was acquired at an average cost of $9.09 per share, for a total transaction of $227,250.00. Following the completion of the transaction, the chief executive officer now directly owns 130,930 shares in the company, valued at approximately $1,190,153.70. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Rajneesh Vig acquired 25,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was purchased at an average price of $9.09 per share, with a total value of $227,250.00. Following the transaction, the chief executive officer now owns 130,930 shares of the company’s stock, valued at approximately $1,190,153.70. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Philip M. Tseng purchased 5,000 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $9.07 per share, with a total value of $45,350.00. Following the completion of the transaction, the director now owns 17,481 shares of the company’s stock, valued at approximately $158,552.67. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 42,000 shares of company stock valued at $381,875 in the last quarter. Insiders own 0.16% of the company’s stock.

BlackRock TCP Capital Stock Performance

Shares of BlackRock TCP Capital stock opened at $8.66 on Friday. The business’s 50 day moving average price is $8.43 and its 200 day moving average price is $9.72. The company has a current ratio of 39.37, a quick ratio of 44.47 and a debt-to-equity ratio of 1.34. BlackRock TCP Capital Corp. has a one year low of $7.71 and a one year high of $12.43.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings data on Wednesday, November 6th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.04). The firm had revenue of $70.93 million for the quarter, compared to analyst estimates of $69.13 million. BlackRock TCP Capital had a positive return on equity of 14.16% and a negative net margin of 15.22%. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, research analysts forecast that BlackRock TCP Capital Corp. will post 1.65 earnings per share for the current fiscal year.

BlackRock TCP Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.76 dividend on an annualized basis and a yield of 20.32%. This is an increase from BlackRock TCP Capital’s previous quarterly dividend of $0.34. BlackRock TCP Capital’s payout ratio is currently -271.99%.

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.