M Holdings Securities Inc. Purchases 29,977 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

M Holdings Securities Inc. raised its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC – Get Rating) by 245.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 42,191 shares of the investment management company’s stock after acquiring an additional 29,977 shares during the period. M Holdings Securities Inc.’s holdings in BlackRock TCP Capital were worth $461,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Advisory Research Inc. lifted its stake in BlackRock TCP Capital by 1.3% in the 3rd quarter. Advisory Research Inc. now owns 57,693 shares of the investment management company’s stock valued at $631,000 after acquiring an additional 757 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in BlackRock TCP Capital by 3.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,316 shares of the investment management company’s stock valued at $348,000 after acquiring an additional 810 shares in the last quarter. Riverbridge Partners LLC lifted its stake in BlackRock TCP Capital by 2.3% in the 3rd quarter. Riverbridge Partners LLC now owns 40,141 shares of the investment management company’s stock valued at $439,000 after acquiring an additional 903 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in BlackRock TCP Capital by 1.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,953 shares of the investment management company’s stock valued at $972,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Bramshill Investments LLC lifted its stake in BlackRock TCP Capital by 1.5% in the 2nd 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 in the last quarter.

BlackRock TCP Capital Price Performance

TCPC stock opened at $10.33 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 18.88 and a quick ratio of 18.88. BlackRock TCP Capital Corp. has a 1-year low of $10.20 and a 1-year high of $14.52. The business’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $12.58.

BlackRock TCP Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.39%. The ex-dividend date of this dividend is Thursday, March 16th. BlackRock TCP Capital’s payout ratio is presently -800.00%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James lowered their price target on BlackRock TCP Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 1st. Wells Fargo & Company lowered their price target on BlackRock TCP Capital from $12.50 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 1st. Keefe, Bruyette & Woods lowered their price target on BlackRock TCP Capital from $13.50 to $12.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 1st. JMP Securities lowered their price target on BlackRock TCP Capital from $14.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 2nd. Finally, Oppenheimer lowered their price target on BlackRock TCP Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.40.

About BlackRock TCP Capital

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TCP Capital Corp. is an externally-managed specialty finance company focused on middle-market lending. We have elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940. Our stock is traded on NASDAQ under the ticker symbol ”TCPC”. TCP Capital’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection.