Cerity Partners LLC Has $923,000 Holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Cerity Partners LLC decreased its stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,913 shares of the investment management company’s stock after selling 18,456 shares during the period. Cerity Partners LLC owned approximately 0.12% of BlackRock TCP Capital worth $923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC bought a new position in BlackRock TCP Capital during the 4th quarter worth about $38,000. McIlrath & Eck LLC bought a new position in shares of BlackRock TCP Capital during the third quarter worth about $46,000. VSM Wealth Advisory LLC bought a new position in shares of BlackRock TCP Capital during the fourth quarter worth about $84,000. Entropy Technologies LP bought a new stake in BlackRock TCP Capital in the 4th quarter valued at approximately $115,000. Finally, SeaCrest Wealth Management LLC lifted its stake in BlackRock TCP Capital by 18.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 14,878 shares of the investment management company’s stock valued at $130,000 after acquiring an additional 2,350 shares in the last quarter.

BlackRock TCP Capital Stock Performance

Shares of TCPC stock opened at $6.79 on Friday. The stock has a market cap of $577.67 million, a P/E ratio of -13.58 and a beta of 1.21. The company has a fifty day moving average price of $7.98 and a two-hundred day moving average price of $8.49. BlackRock TCP Capital Corp. has a one year low of $6.27 and a one year high of $11.52. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37.

BlackRock TCP Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 14.73%. The ex-dividend date was Monday, March 17th. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently -133.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TCPC shares. Wells Fargo & Company lowered their price objective on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating on the stock in a report on Friday, February 28th. StockNews.com upgraded shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of BlackRock TCP Capital from $8.50 to $7.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.33.

Insider Buying and Selling at BlackRock TCP Capital

In related news, COO Patrick Wolfe purchased 6,100 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $8.12 per share, for a total transaction of $49,532.00. Following the purchase, the chief operating officer now owns 8,003 shares in the company, valued at approximately $64,984.36. This represents a 320.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Philip M. Tseng bought 10,000 shares of the firm’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 transaction, the chief executive officer now directly owns 38,587 shares of the company’s stock, valued at $298,663.38. The trade was a 34.98 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 18,500 shares of company stock worth $146,444 over the last 90 days. Company insiders own 0.16% of the company’s stock.

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.