Van ECK Associates Corp Grows Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Van ECK Associates Corp raised its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,202,733 shares of the investment management company’s stock after acquiring an additional 95,603 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock TCP Capital were worth $19,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCPC. MeadowBrook Investment Advisors LLC raised its holdings in shares of BlackRock TCP Capital by 22.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 1,970 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in BlackRock TCP Capital by 18.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 14,878 shares of the investment management company’s stock valued at $130,000 after buying an additional 2,350 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in BlackRock TCP Capital by 33.3% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 16,000 shares of the investment management company’s stock valued at $139,000 after buying an additional 4,000 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in BlackRock TCP Capital during the 4th quarter worth about $38,000. Finally, McIlrath & Eck LLC acquired a new position in shares of BlackRock TCP Capital during the 3rd quarter worth about $46,000.

Insider Buying and Selling at BlackRock TCP Capital

In other BlackRock TCP Capital news, President Jason Mehring bought 4,500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the transaction, the president now owns 19,914 shares in the company, valued at approximately $185,200.20. The trade was a 29.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by company insiders.

BlackRock TCP Capital Stock Up 1.3 %

BlackRock TCP Capital stock opened at $9.41 on Friday. The stock has a 50-day simple moving average of $8.94 and a 200-day simple moving average of $8.84. The company has a market capitalization of $805.40 million, a P/E ratio of -18.82 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37. BlackRock TCP Capital Corp. has a fifty-two week low of $7.71 and a fifty-two week high of $11.52.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TCPC shares. 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 raised 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 issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.00.

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.