Wall Street Zen Upgrades Blackrock Tcp Capital (NASDAQ:TCPC) to Buy

Blackrock Tcp Capital (NASDAQ:TCPC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

TCPC has been the topic of several other reports. Keefe, Bruyette & Woods decreased their price objective on shares of Blackrock Tcp Capital from $8.50 to $7.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of Blackrock Tcp Capital from $7.50 to $6.50 and set an “underweight” rating on the stock in a report on Monday, April 28th.

Blackrock Tcp Capital Price Performance

Shares of TCPC stock opened at $7.80 on Friday. The company has a market capitalization of $663.31 million, a price-to-earnings ratio of -13.45 and a beta of 1.02. Blackrock Tcp Capital has a one year low of $6.27 and a one year high of $11.06. The company’s fifty day moving average price is $7.53 and its 200-day moving average price is $8.03. The company has a debt-to-equity ratio of 1.41, a current ratio of 34.00 and a quick ratio of 34.00.

Blackrock Tcp Capital (NASDAQ:TCPC) last announced its quarterly earnings data on Thursday, May 8th. The investment management company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $55.89 million for the quarter, compared to the consensus estimate of $57.95 million. Blackrock Tcp Capital had a negative net margin of 18.22% and a positive return on equity of 15.51%. Sell-side analysts expect that Blackrock Tcp Capital will post 1.65 EPS for the current fiscal year.

Institutional Trading of Blackrock Tcp Capital

A number of large investors have recently made changes to their positions in the business. Caxton Associates LLP bought a new stake in shares of Blackrock Tcp Capital in the 1st quarter worth about $419,000. Jones Financial Companies Lllp grew its holdings in Blackrock Tcp Capital by 5,349.6% during the 1st quarter. Jones Financial Companies Lllp now owns 93,461 shares of the investment management company’s stock valued at $749,000 after purchasing an additional 91,746 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Blackrock Tcp Capital during the 1st quarter valued at about $256,000. CreativeOne Wealth LLC grew its holdings in Blackrock Tcp Capital by 14.8% during the 1st quarter. CreativeOne Wealth LLC now owns 86,461 shares of the investment management company’s stock valued at $693,000 after purchasing an additional 11,120 shares during the last quarter. Finally, North Ground Capital grew its holdings in Blackrock Tcp Capital by 1,209.0% during the 1st quarter. North Ground Capital now owns 365,000 shares of the investment management company’s stock valued at $2,924,000 after purchasing an additional 337,116 shares during the last quarter.

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.