MeadowBrook Investment Advisors LLC Acquires 1,970 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

MeadowBrook Investment Advisors LLC grew its stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 22.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,853 shares of the investment management company’s stock after buying an additional 1,970 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in BlackRock TCP Capital were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Verus Capital Partners LLC purchased a new stake in shares of BlackRock TCP Capital during the 3rd quarter valued at about $392,000. Disciplined Investments LLC raised its position in BlackRock TCP Capital by 100.0% in the 3rd quarter. Disciplined Investments LLC now owns 20,000 shares of the investment management company’s stock worth $166,000 after purchasing an additional 10,000 shares during the period. Verdence Capital Advisors LLC purchased a new position in shares of BlackRock TCP Capital during the third quarter valued at approximately $100,000. Global Wealth Management Investment Advisory Inc. grew its stake in shares of BlackRock TCP Capital by 51.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 85,514 shares of the investment management company’s stock valued at $709,000 after buying an additional 29,209 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in BlackRock TCP Capital by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,107,130 shares of the investment management company’s stock valued at $17,257,000 after acquiring an additional 143,667 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TCPC. Keefe, Bruyette & Woods cut their price target on BlackRock TCP Capital from $10.50 to $9.00 and set a “market perform” rating on the stock 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 note on Thursday, August 8th. Wells Fargo & Company upped their price target on BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.00.

Insider Buying and Selling at BlackRock TCP Capital

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

BlackRock TCP Capital Stock Performance

Shares of TCPC traded down $0.07 during trading hours on Thursday, reaching $8.80. 167,732 shares of the company traded hands, compared to its average volume of 502,973. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. The business has a fifty day moving average price of $8.40 and a 200-day moving average price of $9.70. BlackRock TCP Capital Corp. has a 12-month low of $7.71 and a 12-month high of $12.43. The stock has a market capitalization of $753.19 million, a P/E ratio of -17.74 and a beta of 1.47.

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

BlackRock TCP Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from BlackRock TCP Capital’s previous quarterly dividend of $0.34. This represents a $1.76 dividend on an annualized basis and a yield of 20.00%. BlackRock TCP Capital’s dividend payout ratio (DPR) 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.