Cetera Investment Advisers Makes New $4.51 Million Investment in Blackrock Tcp Capital Corp. (NASDAQ:TCPC)

Cetera Investment Advisers acquired a new position in Blackrock Tcp Capital Corp. (NASDAQ:TCPC) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 563,542 shares of the investment management company’s stock, valued at approximately $4,514,000. Cetera Investment Advisers owned 0.66% of Blackrock Tcp Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TCPC. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Blackrock Tcp Capital in the first quarter worth about $416,000. VSM Wealth Advisory LLC raised its holdings in Blackrock Tcp Capital by 15.9% in the first quarter. VSM Wealth Advisory LLC now owns 11,230 shares of the investment management company’s stock worth $90,000 after buying an additional 1,537 shares during the last quarter. Ignite Planners LLC raised its holdings in Blackrock Tcp Capital by 26.2% in the first quarter. Ignite Planners LLC now owns 94,766 shares of the investment management company’s stock worth $759,000 after buying an additional 19,645 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Blackrock Tcp Capital by 22.9% in the first quarter. J.W. Cole Advisors Inc. now owns 113,688 shares of the investment management company’s stock worth $911,000 after buying an additional 21,197 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in Blackrock Tcp Capital by 9.3% in the first quarter. Muzinich & Co. Inc. now owns 263,894 shares of the investment management company’s stock worth $2,114,000 after buying an additional 22,430 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Blackrock Tcp Capital from $8.50 to $7.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Wall Street Zen cut shares of Blackrock Tcp Capital from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Finally, Wells Fargo & Company dropped their price target on shares of Blackrock Tcp Capital from $7.50 to $6.50 and set an “underweight” rating on the stock in a report on Monday, April 28th.

Blackrock Tcp Capital Stock Performance

Shares of NASDAQ TCPC opened at $7.13 on Monday. The firm’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. The company has a market cap of $606.34 million, a PE ratio of -12.29 and a beta of 1.01. Blackrock Tcp Capital Corp. has a 52-week low of $6.27 and a 52-week high of $10.59.

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

Blackrock Tcp Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 is presently -172.41%.

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.