ExodusPoint Capital Management LP Invests $128,000 in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

ExodusPoint Capital Management LP bought a new stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,755 shares of the investment management company’s stock, valued at approximately $128,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in BlackRock TCP Capital by 817.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,201 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 2,852 shares during the period. SVB Wealth LLC acquired a new stake in shares of BlackRock TCP Capital in the 3rd quarter valued at approximately $115,000. Virtu Financial LLC purchased a new stake in shares of BlackRock TCP Capital in the third quarter valued at approximately $123,000. Steward Partners Investment Advisory LLC grew its holdings in BlackRock TCP Capital by 8.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,254 shares of the investment management company’s stock worth $128,000 after acquiring an additional 800 shares during the period. Finally, Private Wealth Partners LLC purchased a new position in BlackRock TCP Capital in the third quarter worth $131,000.

BlackRock TCP Capital Stock Up 0.8 %

TCPC stock opened at $11.81 on Friday. The company has a current ratio of 18.88, a quick ratio of 37.97 and a debt-to-equity ratio of 1.26. BlackRock TCP Capital Corp. has a 12 month low of $10.65 and a 12 month high of $14.52. The company’s 50 day simple moving average is $12.92 and its 200-day simple moving average is $12.72.

BlackRock TCP Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 10.84%. The ex-dividend date is Thursday, March 16th. BlackRock TCP Capital’s payout ratio is -800.00%.

Wall Street Analysts Forecast Growth

TCPC has been the topic of a number of recent analyst reports. JMP Securities lowered their price target on shares of BlackRock TCP Capital from $14.50 to $13.00 and set a “market outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their target price on shares of BlackRock TCP Capital from $12.50 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday. Oppenheimer reduced their price target on shares of BlackRock TCP Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday. Raymond James lowered their price target on BlackRock TCP Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price objective on BlackRock TCP Capital from $13.50 to $12.00 and set a “market perform” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.40.

BlackRock TCP Capital Profile

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TCP Capital Corp. is an externally-managed specialty finance company focused on middle-market lending. We have elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940. Our stock is traded on NASDAQ under the ticker symbol ”TCPC”. TCP Capital’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection.