SteelPeak Wealth LLC Purchases New Holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

SteelPeak Wealth LLC acquired a new position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 10,000 shares of the investment management company’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Register Financial Advisors LLC acquired a new position in shares of BlackRock TCP Capital during the first quarter worth about $26,000. Future Financial Wealth Managment LLC purchased a new stake in BlackRock TCP Capital in the 1st quarter valued at approximately $31,000. Morton Brown Family Wealth LLC acquired a new position in BlackRock TCP Capital during the 4th quarter worth approximately $32,000. Cape Investment Advisory Inc. purchased a new position in shares of BlackRock TCP Capital during the 4th quarter worth approximately $74,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of BlackRock TCP Capital in the 4th quarter valued at approximately $74,000.

Analyst Ratings Changes

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

BlackRock TCP Capital Stock Up 0.5 %

BlackRock TCP Capital stock opened at $10.85 on Tuesday. BlackRock TCP Capital Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $13.00. The firm has a market capitalization of $928.65 million, a price-to-earnings ratio of 31.00 and a beta of 1.49. The stock’s fifty day moving average is $10.75 and its two-hundred day moving average is $10.89. The company has a debt-to-equity ratio of 1.37, a quick ratio of 19.05 and a current ratio of 19.05.

BlackRock TCP Capital (NASDAQ:TCPC) last issued its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $55.73 million for the quarter, compared to analysts’ expectations of $50.99 million. BlackRock TCP Capital had a net margin of 9.69% and a return on equity of 13.95%. During the same period in the prior year, the company earned $0.44 EPS. Analysts predict that BlackRock TCP Capital Corp. will post 1.71 EPS for the current fiscal year.

BlackRock TCP Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.34 per share. The ex-dividend date was Friday, June 14th. This represents a $1.36 annualized dividend and a dividend yield of 12.53%. BlackRock TCP Capital’s dividend payout ratio is currently 388.58%.

BlackRock TCP Capital Company 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.