Oppenheimer & Co. Inc. Has $148,000 Stock Holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Oppenheimer & Co. Inc. reduced its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 50.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the investment management company’s stock after selling 17,298 shares during the period. Oppenheimer & Co. Inc.’s holdings in BlackRock TCP Capital were worth $148,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TCPC. Van ECK Associates Corp boosted its holdings in shares of BlackRock TCP Capital by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock worth $19,186,000 after buying an additional 95,603 shares during the period. Transcend Capital Advisors LLC boosted its holdings in shares of BlackRock TCP Capital by 17.2% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,432,456 shares of the investment management company’s stock worth $12,477,000 after acquiring an additional 209,898 shares during the period. D.A. Davidson & CO. grew its position in shares of BlackRock TCP Capital by 3.7% in the third quarter. D.A. Davidson & CO. now owns 485,458 shares of the investment management company’s stock valued at $4,024,000 after purchasing an additional 17,218 shares during the last quarter. Columbus Macro LLC bought a new position in shares of BlackRock TCP Capital during the fourth quarter worth approximately $4,177,000. Finally, GraniteShares Advisors LLC acquired a new stake in BlackRock TCP Capital during the 4th quarter worth approximately $2,453,000.

BlackRock TCP Capital Price Performance

Shares of NASDAQ TCPC opened at $8.32 on Monday. The stock has a market capitalization of $707.84 million, a PE ratio of -16.64 and a beta of 1.55. BlackRock TCP Capital Corp. has a fifty-two week low of $7.71 and a fifty-two week high of $11.52. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. The business has a fifty day moving average price of $8.92 and a two-hundred day moving average price of $8.78.

BlackRock TCP Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 12.02%. BlackRock TCP Capital’s dividend payout ratio is -133.33%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com lowered BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price target on shares of BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Finally, Wells Fargo & Company dropped their price objective on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating for the company in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, BlackRock TCP Capital presently has a consensus rating of “Hold” and a consensus price target of $8.67.

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.