Y Intercept Hong Kong Ltd Has $589,000 Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Y Intercept Hong Kong Ltd increased its stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 190.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,075 shares of the investment management company’s stock after purchasing an additional 46,595 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.08% of BlackRock TCP Capital worth $589,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. EP Wealth Advisors LLC acquired a new stake in BlackRock TCP Capital in the third quarter valued at approximately $526,000. Jane Street Group LLC lifted its stake in BlackRock TCP Capital by 189.3% in the third quarter. Jane Street Group LLC now owns 36,457 shares of the investment management company’s stock valued at $302,000 after acquiring an additional 23,857 shares during the last quarter. Centiva Capital LP acquired a new stake in BlackRock TCP Capital in the third quarter valued at approximately $258,000. Paloma Partners Management Co acquired a new stake in BlackRock TCP Capital in the third quarter valued at approximately $608,000. Finally, CreativeOne Wealth LLC lifted its stake in BlackRock TCP Capital by 13.8% in the third quarter. CreativeOne Wealth LLC now owns 67,794 shares of the investment management company’s stock valued at $562,000 after acquiring an additional 8,238 shares during the last quarter.

BlackRock TCP Capital Price Performance

Shares of NASDAQ:TCPC opened at $9.51 on Friday. BlackRock TCP Capital Corp. has a 1-year low of $7.71 and a 1-year high of $12.03. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. The business has a 50-day moving average price of $8.70 and a two-hundred day moving average price of $9.48.

BlackRock TCP Capital (NASDAQ:TCPC) last announced its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The company had revenue of $70.93 million during the quarter, compared to the consensus estimate of $69.13 million. BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. During the same period last year, the company earned $0.49 earnings per share. On average, equities research analysts expect that BlackRock TCP Capital Corp. will post 1.65 earnings per share for the current year.

BlackRock TCP Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.76 dividend on an annualized basis and a yield of 18.51%. This is an increase from BlackRock TCP Capital’s previous quarterly dividend of $0.34. BlackRock TCP Capital’s dividend payout ratio is -271.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TCPC shares. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research 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 company an “underweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, BlackRock TCP Capital presently has an average rating of “Hold” and a consensus target price of $9.00.

Insiders Place Their Bets

In other BlackRock TCP Capital news, President Jason Mehring purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $9.30 per share, for a total transaction of $41,850.00. Following the purchase, the president now owns 19,914 shares in the company, valued at approximately $185,200.20. The trade was a 29.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

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.