Media stories about TCP Capital (NASDAQ:TCPC) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TCP Capital earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 46.4425523823591 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of TCPC stock opened at $14.45 on Thursday. The firm has a market cap of $848.58, a PE ratio of 8.10, a PEG ratio of 1.83 and a beta of 0.67. TCP Capital has a one year low of $13.72 and a one year high of $17.37. The company has a debt-to-equity ratio of 0.83, a quick ratio of 5.56 and a current ratio of 5.56.
TCP Capital (NASDAQ:TCPC) last announced its quarterly earnings data on Tuesday, February 27th. The investment management company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The firm had revenue of $47.11 million for the quarter, compared to the consensus estimate of $44.77 million. TCP Capital had a net margin of 42.13% and a return on equity of 12.63%. equities analysts forecast that TCP Capital will post 1.57 EPS for the current fiscal year.
TCP Capital announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the investment management company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
TCPC has been the topic of several recent research reports. ValuEngine upgraded shares of TCP Capital from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BidaskClub downgraded shares of TCP Capital from a “sell” rating to a “strong sell” rating in a research report on Friday, February 23rd. Wells Fargo decreased their price objective on shares of TCP Capital from $17.25 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. National Securities restated a “buy” rating and set a $19.00 price objective on shares of TCP Capital in a research report on Wednesday, February 28th. Finally, JMP Securities decreased their price objective on shares of TCP Capital from $17.50 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. TCP Capital currently has a consensus rating of “Buy” and a consensus price target of $17.67.
In related news, CEO Howard Levkowitz bought 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was bought at an average cost of $15.28 per share, with a total value of $120,712.00. Following the completion of the purchase, the chief executive officer now owns 99,657 shares of the company’s stock, valued at approximately $1,522,758.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen A. Corbet bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were bought at an average cost of $15.22 per share, with a total value of $38,050.00. Following the completion of the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $380,500. The disclosure for this purchase can be found here. Insiders have bought a total of 26,400 shares of company stock worth $393,692 over the last 90 days. Insiders own 0.56% of the company’s stock.
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TCP Capital Company Profile
TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.
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