BlackRock TCP Capital (NASDAQ:TCPC) Downgraded by BidaskClub to Sell

BlackRock TCP Capital (NASDAQ:TCPC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday, BidAskClub reports.

Other analysts have also issued research reports about the company. National Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of BlackRock TCP Capital in a research note on Monday, May 13th. Zacks Investment Research lowered BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, TheStreet raised BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. BlackRock TCP Capital presently has a consensus rating of “Hold” and a consensus price target of $16.50.

TCPC opened at $14.66 on Wednesday. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.97. The firm has a market cap of $861.51 million, a P/E ratio of 9.22, a P/E/G ratio of 3.03 and a beta of 0.75. BlackRock TCP Capital has a 52 week low of $12.52 and a 52 week high of $14.98.



BlackRock TCP Capital (NASDAQ:TCPC) last posted its quarterly earnings data on Wednesday, May 8th. The investment management company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $47.54 million for the quarter, compared to analyst estimates of $47.36 million. BlackRock TCP Capital had a return on equity of 11.27% and a net margin of 21.88%. Equities analysts predict that BlackRock TCP Capital will post 1.61 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Spectrum Management Group Inc. bought a new stake in BlackRock TCP Capital in the 1st quarter worth about $142,000. Sheaff Brock Investment Advisors LLC bought a new stake in BlackRock TCP Capital in the 1st quarter worth about $147,000. Trexquant Investment LP grew its position in BlackRock TCP Capital by 14.5% in the 1st quarter. Trexquant Investment LP now owns 12,494 shares of the investment management company’s stock worth $177,000 after purchasing an additional 1,582 shares in the last quarter. CFO4Life Group LLC grew its position in BlackRock TCP Capital by 20.1% in the 1st quarter. CFO4Life Group LLC now owns 14,049 shares of the investment management company’s stock worth $199,000 after purchasing an additional 2,356 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC bought a new stake in BlackRock TCP Capital in the 4th quarter worth about $209,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock TCP Capital

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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