Jane Street Group LLC Raises Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Jane Street Group LLC raised its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 189.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,457 shares of the investment management company’s stock after acquiring an additional 23,857 shares during the quarter. Jane Street Group LLC’s holdings in BlackRock TCP Capital were worth $302,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in shares of BlackRock TCP Capital by 171.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 49,590 shares of the investment management company’s stock worth $536,000 after buying an additional 31,321 shares during the period. Barings LLC increased its position in BlackRock TCP Capital by 3,878.9% during the second quarter. Barings LLC now owns 17,492,789 shares of the investment management company’s stock valued at $188,922,000 after acquiring an additional 17,053,151 shares during the last quarter. Disciplined Investments LLC bought a new position in BlackRock TCP Capital in the second quarter valued at about $108,000. Insigneo Advisory Services LLC purchased a new position in BlackRock TCP Capital in the second quarter worth about $122,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BlackRock TCP Capital during the 2nd quarter valued at about $119,000.

Insider Transactions at BlackRock TCP Capital

In related news, President Jason Mehring purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were purchased 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 owns 19,914 shares in the company, valued at approximately $185,200.20. This trade represents a 29.19 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

TCPC has been the topic of a number of research reports. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company lifted their price target on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.00.

BlackRock TCP Capital Price Performance

NASDAQ TCPC opened at $8.62 on Friday. The company has a current ratio of 39.37, a quick ratio of 39.37 and a debt-to-equity ratio of 1.34. BlackRock TCP Capital Corp. has a 12 month low of $7.71 and a 12 month high of $11.99. The stock has a market cap of $737.79 million, a price-to-earnings ratio of -17.24 and a beta of 1.50. The company’s 50 day moving average is $8.87 and its two-hundred day moving average is $9.17.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings data on Wednesday, November 6th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.04). BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. The company had revenue of $70.93 million for the quarter, compared to the consensus estimate of $69.13 million. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, research analysts anticipate that BlackRock TCP Capital Corp. will post 1.65 earnings per share for the current year.

BlackRock TCP Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 20.42%. This is a boost from BlackRock TCP Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, December 17th. BlackRock TCP Capital’s dividend payout ratio is currently -272.00%.

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.