Blackrock Tcp Capital (NASDAQ:TCPC) Stock Rating Upgraded by Wall Street Zen

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

Several other equities analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Blackrock Tcp Capital from $8.50 to $7.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on 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.

Blackrock Tcp Capital Trading Up 1.5%

Shares of TCPC traded up $0.11 during mid-day trading on Friday, hitting $7.64. 813,431 shares of the company's stock traded hands, compared to its average volume of 595,564. The company has a quick ratio of 34.00, a current ratio of 34.00 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $649.71 million, a P/E ratio of -13.17 and a beta of 1.03. The business's 50-day moving average price is $7.44 and its 200-day moving average price is $8.08. Blackrock Tcp Capital has a 1 year low of $6.27 and a 1 year high of $11.06.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The investment management company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Blackrock Tcp Capital will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Blackrock Tcp Capital

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in shares of Blackrock Tcp Capital by 177.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company's stock worth $48,000 after purchasing an additional 3,508 shares during the last quarter. Transce3nd LLC bought a new stake in Blackrock Tcp Capital during the 4th quarter valued at about $70,000. Kingswood Wealth Advisors LLC purchased a new position in Blackrock Tcp Capital in the first quarter worth about $81,000. PNC Financial Services Group Inc. raised its holdings in Blackrock Tcp Capital by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 10,200 shares of the investment management company's stock worth $82,000 after buying an additional 2,200 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Blackrock Tcp Capital in the first quarter worth approximately $83,000.

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.

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