LPL Financial LLC Acquires 16,693 Shares of Blackrock Tcp Capital Corp. $TCPC

LPL Financial LLC increased its holdings in Blackrock Tcp Capital Corp. (NASDAQ:TCPC) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,436 shares of the investment management company’s stock after acquiring an additional 16,693 shares during the quarter. LPL Financial LLC owned about 0.26% of Blackrock Tcp Capital worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. VSM Wealth Advisory LLC increased its stake in shares of Blackrock Tcp Capital by 15.9% in the 1st quarter. VSM Wealth Advisory LLC now owns 11,230 shares of the investment management company’s stock worth $90,000 after acquiring an additional 1,537 shares in the last quarter. Mallini Complete Financial Planning LLC increased its stake in Blackrock Tcp Capital by 9.6% during the 1st quarter. Mallini Complete Financial Planning LLC now owns 22,505 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 1,971 shares in the last quarter. Mariner LLC increased its stake in Blackrock Tcp Capital by 9.4% during the 4th quarter. Mariner LLC now owns 27,293 shares of the investment management company’s stock valued at $238,000 after purchasing an additional 2,346 shares in the last quarter. United Advisor Group LLC increased its stake in Blackrock Tcp Capital by 2.0% during the 1st quarter. United Advisor Group LLC now owns 150,466 shares of the investment management company’s stock valued at $1,205,000 after purchasing an additional 2,947 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Blackrock Tcp Capital by 177.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 3,508 shares in the last quarter.

Analysts Set New Price Targets

TCPC has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Blackrock Tcp Capital from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Wells Fargo & Company restated an “underweight” rating and set a $6.00 price objective (down from $6.50) on shares of Blackrock Tcp Capital in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $6.75.

Blackrock Tcp Capital Price Performance

NASDAQ TCPC opened at $7.14 on Thursday. Blackrock Tcp Capital Corp. has a 12 month low of $6.27 and a 12 month high of $9.72. The stock has a market cap of $607.19 million, a price-to-earnings ratio of -42.00 and a beta of 1.01. The company’s 50 day moving average is $7.48 and its two-hundred day moving average is $7.71. The company has a current ratio of 14.06, a quick ratio of 14.07 and a debt-to-equity ratio of 1.59.

Blackrock Tcp Capital (NASDAQ:TCPC) last released its earnings results on Thursday, August 7th. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Blackrock Tcp Capital had a positive return on equity of 15.12% and a negative net margin of 4.98%.The firm had revenue of $51.47 million for the quarter, compared to the consensus estimate of $56.16 million. As a group, research analysts anticipate that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current year.

Blackrock Tcp Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 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 -588.24%.

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.