BlackRock TCP Capital (NASDAQ:TCPC) Rating Lowered to Sell at StockNews.com

BlackRock TCP Capital (NASDAQ:TCPC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts also recently issued reports on TCPC. Wells Fargo & Company decreased their price target 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. 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 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 assigned a hold rating to the company’s stock. Based on data from MarketBeat, BlackRock TCP Capital currently has an average rating of “Hold” and a consensus price target of $8.67.

BlackRock TCP Capital Stock Down 0.9 %

Shares of BlackRock TCP Capital stock opened at $8.08 on Tuesday. BlackRock TCP Capital has a 52-week low of $7.71 and a 52-week high of $11.52. The company has a 50 day moving average of $8.95 and a 200 day moving average of $8.80. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $691.58 million, a P/E ratio of -16.16 and a beta of 1.50.

Institutional Trading of BlackRock TCP Capital

Institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC purchased a new stake in shares of BlackRock TCP Capital during the 4th quarter worth approximately $38,000. McIlrath & Eck LLC purchased a new stake in BlackRock TCP Capital in the 3rd quarter valued at $46,000. Tower Research Capital LLC TRC raised its position in BlackRock TCP Capital by 177.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 3,508 shares during the last quarter. Transce3nd LLC purchased a new stake in BlackRock TCP Capital in the 4th quarter valued at $70,000. Finally, Quantbot Technologies LP purchased a new stake in BlackRock TCP Capital in the 3rd quarter valued at $79,000.

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.