Raymond James & Associates Acquires 29,535 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Raymond James & Associates increased its holdings in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPCGet Rating) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 238,560 shares of the investment management company’s stock after purchasing an additional 29,535 shares during the quarter. Raymond James & Associates’ holdings in BlackRock TCP Capital were worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of BlackRock TCP Capital by 8.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,254 shares of the investment management company’s stock valued at $128,000 after purchasing an additional 800 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of BlackRock TCP Capital by 3.4% during the first quarter. Envestnet Asset Management Inc. now owns 24,316 shares of the investment management company’s stock valued at $348,000 after purchasing an additional 810 shares in the last quarter. Bramshill Investments LLC lifted its holdings in BlackRock TCP Capital by 1.5% in the second quarter. Bramshill Investments LLC now owns 99,569 shares of the investment management company’s stock valued at $1,248,000 after acquiring an additional 1,472 shares during the period. LPL Financial LLC lifted its holdings in BlackRock TCP Capital by 1.2% in the second quarter. LPL Financial LLC now owns 139,533 shares of the investment management company’s stock valued at $1,748,000 after acquiring an additional 1,636 shares during the period. Finally, GraniteShares Advisors LLC lifted its holdings in BlackRock TCP Capital by 3.0% in the second quarter. GraniteShares Advisors LLC now owns 58,435 shares of the investment management company’s stock valued at $732,000 after acquiring an additional 1,680 shares during the period.

BlackRock TCP Capital Stock Performance

Shares of TCPC opened at $13.23 on Friday. The company has a quick ratio of 37.97, a current ratio of 37.97 and a debt-to-equity ratio of 1.21. The business has a 50-day simple moving average of $13.07 and a two-hundred day simple moving average of $12.79. The stock has a market cap of $764.30 million, a price-to-earnings ratio of 10.76 and a beta of 1.36. BlackRock TCP Capital Corp. has a 52 week low of $10.65 and a 52 week high of $14.52.

BlackRock TCP Capital (NASDAQ:TCPCGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The investment management company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $48.21 million during the quarter, compared to analysts’ expectations of $44.73 million. BlackRock TCP Capital had a return on equity of 10.14% and a net margin of 40.91%. On average, analysts expect that BlackRock TCP Capital Corp. will post 1.53 EPS for the current year.

BlackRock TCP Capital Dividend Announcement

The business also recently declared a None dividend, which was paid on Thursday, January 12th. Shareholders of record on Thursday, December 29th were given a $0.05 dividend. The ex-dividend date was Wednesday, December 28th. BlackRock TCP Capital’s payout ratio is 104.07%.

Analysts Set New Price Targets

A number of research firms have weighed in on TCPC. Wells Fargo & Company increased their target price on BlackRock TCP Capital from $11.50 to $12.00 and gave the company an “equal weight” rating in a report on Friday, November 4th. StockNews.com began coverage on BlackRock TCP Capital in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

About BlackRock TCP Capital

(Get Rating)

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.

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Institutional Ownership by Quarter for BlackRock TCP Capital (NASDAQ:TCPC)

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