Arkadios Wealth Advisors Purchases 2,687 Shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC)

Arkadios Wealth Advisors raised its position in Blackrock Tcp Capital Corp. (NASDAQ:TCPC) by 2.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,516 shares of the investment management company’s stock after acquiring an additional 2,687 shares during the quarter. Arkadios Wealth Advisors owned approximately 0.11% of Blackrock Tcp Capital worth $773,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Blackrock Tcp Capital in the first quarter valued at about $83,000. Transcend Capital Advisors LLC lifted its holdings in Blackrock Tcp Capital by 2.8% in the first quarter. Transcend Capital Advisors LLC now owns 1,472,609 shares of the investment management company’s stock valued at $11,796,000 after acquiring an additional 40,153 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Blackrock Tcp Capital by 623.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 558,815 shares of the investment management company’s stock valued at $4,867,000 after acquiring an additional 481,581 shares during the period. Columbus Macro LLC lifted its holdings in Blackrock Tcp Capital by 7.7% in the first quarter. Columbus Macro LLC now owns 516,303 shares of the investment management company’s stock valued at $4,136,000 after acquiring an additional 36,692 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Blackrock Tcp Capital in the first quarter worth about $81,000.

Blackrock Tcp Capital Stock Down 0.6%

NASDAQ TCPC opened at $7.13 on Monday. The stock’s 50-day moving average price is $7.66 and its 200-day moving average price is $7.87. The company has a quick ratio of 34.00, a current ratio of 34.00 and a debt-to-equity ratio of 1.41. Blackrock Tcp Capital Corp. has a 52 week low of $6.27 and a 52 week high of $10.59. The company has a market capitalization of $606.34 million, a P/E ratio of -12.29 and a beta of 1.01.

Blackrock Tcp Capital (NASDAQ:TCPC) last released its earnings results on Thursday, May 8th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. Blackrock Tcp Capital had a positive return on equity of 15.51% and a negative net margin of 18.22%. The firm had revenue of $55.89 million during the quarter, compared to analysts’ expectations of $57.95 million. On average, equities research analysts predict that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current year.

Blackrock Tcp Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 14.0%. Blackrock Tcp Capital’s dividend payout ratio (DPR) is currently -172.41%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen downgraded Blackrock Tcp Capital from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Wells Fargo & Company decreased their price objective on Blackrock Tcp Capital from $7.50 to $6.50 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on Blackrock Tcp Capital from $8.50 to $7.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th.

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.