BlackRock TCP Capital (NASDAQ:TCPC) Upgraded at StockNews.com

BlackRock TCP Capital (NASDAQ:TCPC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their target price on BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Friday, February 28th. Keefe, Bruyette & Woods decreased their price objective on BlackRock TCP Capital from $8.50 to $7.50 and set a “market perform” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, BlackRock TCP Capital presently has an average rating of “Hold” and an average target price of $8.33.

BlackRock TCP Capital Stock Down 1.9 %

BlackRock TCP Capital stock opened at $6.57 on Friday. BlackRock TCP Capital has a twelve month low of $6.27 and a twelve month high of $11.52. 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 company has a 50 day moving average of $8.22 and a 200-day moving average of $8.54. The stock has a market capitalization of $558.96 million, a PE ratio of -13.14 and a beta of 1.21.

Insider Activity at BlackRock TCP Capital

In other news, COO Patrick Wolfe acquired 6,100 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $8.12 per share, with a total value of $49,532.00. Following the transaction, the chief operating officer now directly owns 8,003 shares in the company, valued at approximately $64,984.36. The trade was a 320.55 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip M. Tseng bought 10,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was purchased at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the acquisition, the chief executive officer now owns 38,587 shares in the company, valued at $298,663.38. This trade represents a 34.98 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 18,500 shares of company stock valued at $146,444. 0.16% of the stock is owned by insiders.

Institutional Trading of BlackRock TCP Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC bought a new position in shares of BlackRock TCP Capital during the 4th quarter worth approximately $38,000. Tower Research Capital LLC TRC boosted its position in BlackRock TCP Capital by 177.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company’s stock worth $48,000 after purchasing an additional 3,508 shares during the period. McIlrath & Eck LLC acquired a new position in shares of BlackRock TCP Capital in the third quarter valued at $46,000. Transce3nd LLC bought a new position in shares of BlackRock TCP Capital in the fourth quarter valued at about $70,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of BlackRock TCP Capital during the 4th quarter worth about $84,000.

BlackRock TCP Capital Company 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.