Oppenheimer & Co. Inc. Has $538,000 Stake in BlackRock TCP Capital Corp (TCPC)

Oppenheimer & Co. Inc. lifted its position in BlackRock TCP Capital Corp (NASDAQ:TCPC) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,803 shares of the investment management company’s stock after buying an additional 6,859 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.06% of BlackRock TCP Capital worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Cliffwater LLC increased its position in BlackRock TCP Capital by 1.3% during the second quarter. Cliffwater LLC now owns 288,395 shares of the investment management company’s stock worth $4,167,000 after acquiring an additional 3,790 shares during the period. TCW Group Inc. increased its position in BlackRock TCP Capital by 16.7% during the second quarter. TCW Group Inc. now owns 35,000 shares of the investment management company’s stock worth $506,000 after acquiring an additional 5,000 shares during the period. Van ECK Associates Corp increased its position in BlackRock TCP Capital by 1.6% during the second quarter. Van ECK Associates Corp now owns 362,437 shares of the investment management company’s stock worth $5,237,000 after acquiring an additional 5,862 shares during the period. Northern Trust Corp increased its position in BlackRock TCP Capital by 30.6% during the second quarter. Northern Trust Corp now owns 26,565 shares of the investment management company’s stock worth $384,000 after acquiring an additional 6,220 shares during the period. Finally, First Republic Investment Management Inc. bought a new position in BlackRock TCP Capital during the second quarter worth $145,000. Institutional investors and hedge funds own 48.26% of the company’s stock.

Several brokerages have issued reports on TCPC. Zacks Investment Research lowered shares of BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. BidaskClub raised shares of BlackRock TCP Capital from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.00 price target on shares of BlackRock TCP Capital in a report on Wednesday, August 8th. Wells Fargo & Co lowered their price target on shares of BlackRock TCP Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, October 4th. Finally, JMP Securities lowered their price target on shares of BlackRock TCP Capital from $17.00 to $16.50 and set a “market outperform” rating on the stock in a report on Tuesday, August 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.92.



Shares of BlackRock TCP Capital stock opened at $14.20 on Thursday. BlackRock TCP Capital Corp has a 52-week low of $13.71 and a 52-week high of $16.25. The firm has a market capitalization of $827.41 million, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 1.79 and a beta of 0.70. The company has a debt-to-equity ratio of 0.93, a quick ratio of 6.38 and a current ratio of 6.38.

BlackRock TCP Capital (NASDAQ:TCPC) last announced its quarterly earnings results on Wednesday, August 8th. The investment management company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. BlackRock TCP Capital had a return on equity of 11.22% and a net margin of 32.55%. The business had revenue of $48.42 million during the quarter, compared to the consensus estimate of $47.46 million. Analysts expect that BlackRock TCP Capital Corp will post 1.57 EPS for the current fiscal year.

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BlackRock TCP Capital Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.

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Institutional Ownership by Quarter for BlackRock TCP Capital (NASDAQ:TCPC)

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