Register Financial Advisors LLC Invests $26,000 in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Register Financial Advisors LLC bought a new stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,500 shares of the investment management company’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TCPC. Van ECK Associates Corp grew its stake in shares of BlackRock TCP Capital by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 1,059,142 shares of the investment management company’s stock valued at $12,222,000 after buying an additional 101,513 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of BlackRock TCP Capital by 1,054.0% during the 4th quarter. International Assets Investment Management LLC now owns 411,978 shares of the investment management company’s stock worth $4,754,000 after purchasing an additional 376,278 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of BlackRock TCP Capital in the 1st quarter valued at about $4,172,000. D.A. Davidson & CO. lifted its stake in BlackRock TCP Capital by 10.3% in the 4th quarter. D.A. Davidson & CO. now owns 382,617 shares of the investment management company’s stock valued at $4,415,000 after purchasing an additional 35,753 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in BlackRock TCP Capital by 21.5% during the fourth quarter. Raymond James & Associates now owns 292,417 shares of the investment management company’s stock worth $3,374,000 after purchasing an additional 51,766 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Oppenheimer cut their price objective on BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BlackRock TCP Capital from $11.50 to $10.50 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.67.

BlackRock TCP Capital Stock Performance

Shares of NASDAQ TCPC opened at $10.80 on Friday. BlackRock TCP Capital Corp. has a one year low of $9.90 and a one year high of $13.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 19.05 and a quick ratio of 19.05. The firm has a market cap of $924.37 million, a price-to-earnings ratio of 30.86 and a beta of 1.47. The stock’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $10.91.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. BlackRock TCP Capital had a net margin of 9.69% and a return on equity of 13.95%. The business had revenue of $55.73 million for the quarter, compared to the consensus estimate of $50.99 million. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities analysts forecast that BlackRock TCP Capital Corp. will post 1.71 EPS for the current year.

BlackRock TCP Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.34 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.59%. BlackRock TCP Capital’s payout ratio is 388.58%.

BlackRock TCP Capital 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.