Blackrock Tcp Capital (NASDAQ:TCPC) Lowered to Hold Rating by Wall Street Zen

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

TCPC has been the topic of a number of other reports. Wells Fargo & Company reduced their price target on shares of Blackrock Tcp Capital from $7.50 to $6.50 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price objective on Blackrock Tcp Capital from $8.50 to $7.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Blackrock Tcp Capital Price Performance

NASDAQ TCPC traded up $0.03 on Friday, reaching $7.80. 326,130 shares of the company's stock traded hands, compared to its average volume of 600,831. Blackrock Tcp Capital has a 12 month low of $6.27 and a 12 month high of $11.03. The company has a debt-to-equity ratio of 1.41, a current ratio of 34.00 and a quick ratio of 34.00. The stock has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $7.98. The stock has a market cap of $663.31 million, a PE ratio of -13.45 and a beta of 1.02.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The investment management company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Blackrock Tcp Capital had a negative net margin of 18.22% and a positive return on equity of 15.51%. The business had revenue of $55.89 million for the quarter, compared to analysts' expectations of $57.95 million. As a group, research analysts predict that Blackrock Tcp Capital will post 1.65 earnings per share for the current year.

Institutional Trading of Blackrock Tcp Capital

Several large investors have recently added to or reduced their stakes in TCPC. Raymond James Financial Inc. bought a new stake in Blackrock Tcp Capital in the fourth quarter valued at $886,000. Commonwealth Equity Services LLC boosted its holdings in Blackrock Tcp Capital by 17.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 67,243 shares of the investment management company's stock valued at $586,000 after acquiring an additional 9,788 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Blackrock Tcp Capital in the fourth quarter valued at $149,000. VSM Wealth Advisory LLC bought a new stake in Blackrock Tcp Capital in the fourth quarter valued at $84,000. Finally, Virtu Financial LLC bought a new stake in Blackrock Tcp Capital in the fourth quarter valued at $329,000.

Blackrock Tcp Capital Company Profile

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.