Raymond James & Associates raised its stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC – Get Rating) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,560 shares of the investment management company’s stock after acquiring an additional 29,535 shares during the period. Raymond James & Associates’ holdings in BlackRock TCP Capital were worth $2,607,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of TCPC. Bank of America Corp DE raised its stake in shares of BlackRock TCP Capital by 6.6% during the 1st quarter. Bank of America Corp DE now owns 617,246 shares of the investment management company’s stock worth $8,827,000 after purchasing an additional 38,268 shares during the period. Ares Management LLC raised its stake in shares of BlackRock TCP Capital by 5.2% during the 1st quarter. Ares Management LLC now owns 386,727 shares of the investment management company’s stock worth $5,530,000 after purchasing an additional 19,038 shares during the period. Advisors Asset Management Inc. raised its stake in shares of BlackRock TCP Capital by 6.1% during the 1st quarter. Advisors Asset Management Inc. now owns 357,213 shares of the investment management company’s stock worth $5,108,000 after purchasing an additional 20,416 shares during the period. Legal & General Group Plc raised its stake in shares of BlackRock TCP Capital by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 342,241 shares of the investment management company’s stock worth $4,290,000 after purchasing an additional 25,448 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of BlackRock TCP Capital by 8.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 324,237 shares of the investment management company’s stock worth $4,063,000 after purchasing an additional 26,583 shares during the period.
Analyst Ratings Changes
TCPC has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on BlackRock TCP Capital from $11.50 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, November 4th. StockNews.com started coverage on BlackRock TCP Capital in a report on Wednesday, October 12th. They issued a “hold” rating for the company.
BlackRock TCP Capital Stock Up 1.1 %
BlackRock TCP Capital (NASDAQ:TCPC – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The investment management company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $48.21 million during the quarter, compared to the consensus estimate of $44.73 million. BlackRock TCP Capital had a return on equity of 10.14% and a net margin of 40.91%. On average, equities analysts predict that BlackRock TCP Capital Corp. will post 1.53 EPS for the current fiscal year.
BlackRock TCP Capital Dividend Announcement
The company also recently announced a None dividend, which was paid on Thursday, January 12th. Investors of record on Thursday, December 29th were given a $0.05 dividend. The ex-dividend date was Wednesday, December 28th. BlackRock TCP Capital’s payout ratio is 104.07%.
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.
- Get a free copy of the StockNews.com research report on BlackRock TCP Capital (TCPC)
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