Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Blackrock Tcp Capital Corp. (NASDAQ:TCPC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 51,900 shares of the investment management company’s stock, valued at approximately $416,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Blackrock Tcp Capital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of Blackrock Tcp Capital during the 1st quarter valued at about $83,000. Transcend Capital Advisors LLC boosted its position in shares of Blackrock Tcp Capital by 2.8% during the 1st quarter. Transcend Capital Advisors LLC now owns 1,472,609 shares of the investment management company’s stock valued at $11,796,000 after purchasing an additional 40,153 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Blackrock Tcp Capital by 623.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 558,815 shares of the investment management company’s stock valued at $4,867,000 after purchasing an additional 481,581 shares in the last quarter. Columbus Macro LLC raised its holdings in Blackrock Tcp Capital by 7.7% during the 1st quarter. Columbus Macro LLC now owns 516,303 shares of the investment management company’s stock worth $4,136,000 after buying an additional 36,692 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Blackrock Tcp Capital during the 1st quarter worth about $81,000.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen downgraded Blackrock Tcp Capital from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Keefe, Bruyette & Woods cut their price objective on Blackrock Tcp Capital from $8.50 to $7.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price objective on 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 Trading Down 0.6%

Shares of NASDAQ TCPC opened at $7.13 on Monday. Blackrock Tcp Capital Corp. has a one year low of $6.27 and a one year high of $10.59. The firm has a market capitalization of $606.34 million, a PE ratio of -12.29 and a beta of 1.01. The company has a current ratio of 34.00, a quick ratio of 34.00 and a debt-to-equity ratio of 1.41. The business has a 50-day moving average price of $7.66 and a two-hundred day moving average price of $7.87.

Blackrock Tcp Capital (NASDAQ:TCPC) last announced its quarterly earnings data on Thursday, May 8th. The investment management company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $57.95 million. As a group, analysts predict that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current fiscal year.

Blackrock Tcp Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 14.0%. Blackrock Tcp Capital’s dividend payout ratio (DPR) is presently -172.41%.

About Blackrock Tcp Capital

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.