27,000 Shares in BlackRock TCP Capital Corp. (NASDAQ:TCPC) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,000 shares of the investment management company’s stock, valued at approximately $224,000.

Several other large investors also recently bought and sold shares of TCPC. Barings LLC grew its holdings in BlackRock TCP Capital by 3,878.9% during the 2nd quarter. Barings LLC now owns 17,492,789 shares of the investment management company’s stock valued at $188,922,000 after purchasing an additional 17,053,151 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of BlackRock TCP Capital by 17.0% during the second quarter. Van ECK Associates Corp now owns 1,963,463 shares of the investment management company’s stock valued at $21,205,000 after acquiring an additional 284,802 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of BlackRock TCP Capital during the third quarter worth about $608,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of BlackRock TCP Capital by 40.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 218,881 shares of the investment management company’s stock worth $2,364,000 after acquiring an additional 63,509 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in BlackRock TCP Capital in the third quarter valued at about $526,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com upgraded 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Insider Activity at BlackRock TCP Capital

In related news, President Jason Mehring bought 4,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the purchase, the president now directly owns 19,914 shares in the company, valued at approximately $185,200.20. The trade was a 29.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

BlackRock TCP Capital Trading Down 3.4 %

NASDAQ:TCPC opened at $8.45 on Thursday. The company has a market cap of $723.24 million, a PE ratio of -16.90 and a beta of 1.50. The business’s 50 day moving average is $8.74 and its two-hundred day moving average is $9.44. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. BlackRock TCP Capital Corp. has a 52 week low of $7.71 and a 52 week high of $11.99.

BlackRock TCP Capital (NASDAQ:TCPC) last announced 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 positive return on equity of 14.16% and a negative net margin of 15.22%. The firm had revenue of $70.93 million for the quarter, compared to the consensus estimate of $69.13 million. During the same quarter last year, the business earned $0.49 earnings per share. On average, analysts predict that BlackRock TCP Capital Corp. will post 1.65 EPS for the current year.

BlackRock TCP Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from BlackRock TCP Capital’s previous quarterly dividend of $0.34. This represents a $1.76 annualized dividend and a dividend yield of 20.83%. BlackRock TCP Capital’s payout ratio is -272.00%.

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.