22 hours Ago By ABMN Staff
BlackRock TCP Capital Corp. ( NASDAQ:TCPC – Get Free Report ) shares reached a new 52-week low on Tuesday . The company traded as low as $8.
43 and last traded at $8.49, with a volume of 127684 shares traded. The stock had previously closed at $8.
67. Analysts Set New Price Targets A number of equities research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH downgraded shares of BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th.
Wells Fargo & Company lowered shares of BlackRock TCP Capital from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.50 to $8.00 in a research report on Monday, August 26th.
Keefe, Bruyette & Woods lowered their target price on shares of BlackRock TCP Capital from $10.50 to $9.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th.
Finally, StockNews.com cut BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock.
According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.00. View Our Latest Analysis on BlackRock TCP Capital BlackRock TCP Capital Trading Down 0.
2 % BlackRock TCP Capital ( NASDAQ:TCPC – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.
42. The company had revenue of $71.53 million for the quarter, compared to the consensus estimate of $70.
39 million. BlackRock TCP Capital had a negative net margin of 20.11% and a positive return on equity of 14.
42%. During the same period last year, the company posted $0.48 EPS.
As a group, equities research analysts forecast that BlackRock TCP Capital Corp. will post 1.68 EPS for the current fiscal year.
BlackRock TCP Capital Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.34 per share.
The ex-dividend date is Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.
04%. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently 388.58%.
Insider Buying and Selling at BlackRock TCP Capital In other news, Director Philip M. Tseng purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $9.
10 per share, for a total transaction of $91,000.00. Following the transaction, the director now owns 27,481 shares of the company’s stock, valued at $250,077.
10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link . In other BlackRock TCP Capital news, Director Philip M.
Tseng bought 10,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $9.10 per share, for a total transaction of $91,000.
00. Following the completion of the acquisition, the director now owns 27,481 shares in the company, valued at approximately $250,077.10.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Philip M. Tseng purchased 5,000 shares of BlackRock TCP Capital stock in a transaction 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 completion of the acquisition, the director now directly owns 17,481 shares of the company’s stock, valued at approximately $158,552.67. The disclosure for this purchase can be found here .
In the last 90 days, insiders bought 42,000 shares of company stock valued at $381,875. 0.16% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On BlackRock TCP Capital Several hedge funds and other institutional investors have recently made changes to their positions in the business. Register Financial Advisors LLC bought a new stake in shares of BlackRock TCP Capital in the 1st quarter worth $26,000. Future Financial Wealth Managment LLC bought a new stake in shares of BlackRock TCP Capital in the first quarter valued at approximately $31,000.
International Assets Investment Management LLC bought a new position in BlackRock TCP Capital in the 2nd quarter worth approximately $60,000. Tucker Asset Management LLC purchased a new position in BlackRock TCP Capital in the 4th quarter valued at approximately $74,000. Finally, Cape Investment Advisory Inc.
bought a new stake in BlackRock TCP Capital during the 4th quarter valued at $74,000. About BlackRock TCP Capital ( Get Free Report ) 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. See Also Receive News & Ratings for BlackRock TCP Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock TCP Capital and related companies with MarketBeat.com's FREE daily email newsletter .
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