Dynamic Technology Lab Private Ltd Buys 14,245 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Dynamic Technology Lab Private Ltd lifted its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 91.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,877 shares of the investment management company’s stock after purchasing an additional 14,245 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in BlackRock TCP Capital were worth $248,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in BlackRock TCP Capital during the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in shares of BlackRock TCP Capital during the second quarter worth about $60,000. Pathway Financial Advisers LLC boosted its holdings in shares of BlackRock TCP Capital by 729.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock worth $60,000 after purchasing an additional 6,379 shares during the period. MeadowBrook Investment Advisors LLC grew its stake in shares of BlackRock TCP Capital by 22.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock worth $90,000 after purchasing an additional 1,970 shares during the last quarter. Finally, Verdence Capital Advisors LLC purchased a new position in BlackRock TCP Capital during the 3rd quarter valued at about $100,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH lowered BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. StockNews.com upgraded shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company boosted their price objective on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of BlackRock TCP Capital from $10.50 to $9.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, BlackRock TCP Capital currently has a consensus rating of “Hold” and an average price target of $9.00.

BlackRock TCP Capital Trading Up 1.6 %

NASDAQ TCPC opened at $9.41 on Monday. The firm has a market capitalization of $805.40 million, a PE ratio of -18.82 and a beta of 1.47. The stock’s 50 day moving average is $8.46 and its 200 day moving average is $9.58. BlackRock TCP Capital Corp. has a twelve month low of $7.71 and a twelve month high of $12.43. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34.

BlackRock TCP Capital (NASDAQ:TCPC) last announced its earnings results on Wednesday, November 6th. The investment management company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The business had revenue of $70.93 million for the quarter, compared to the consensus estimate of $69.13 million. BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. During the same quarter last year, the firm posted $0.49 EPS. Research analysts forecast that BlackRock TCP Capital Corp. will post 1.65 earnings per share for the current fiscal year.

BlackRock TCP Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 18.70%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from BlackRock TCP Capital’s previous quarterly dividend of $0.34. BlackRock TCP Capital’s dividend payout ratio is -271.99%.

Insider Buying and Selling at BlackRock TCP Capital

In related news, Director Philip M. Tseng acquired 5,000 shares of BlackRock TCP Capital stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $9.07 per share, with a total value of $45,350.00. Following the transaction, the director now directly owns 17,481 shares in the company, valued at approximately $158,552.67. This represents a 40.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Jason Mehring bought 4,500 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the acquisition, the president now directly owns 19,914 shares of the company’s stock, valued at approximately $185,200.20. This represents a 29.19 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 21,400 shares of company stock valued at $195,566. Corporate insiders own 0.16% of the company’s stock.

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.