Jane Street Group LLC Acquires 106,257 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Jane Street Group LLC raised its holdings in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) by 291.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,714 shares of the investment management company's stock after buying an additional 106,257 shares during the period. Jane Street Group LLC owned about 0.17% of BlackRock TCP Capital worth $1,243,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new stake in BlackRock TCP Capital during the fourth quarter worth approximately $38,000. Tower Research Capital LLC TRC boosted its holdings in BlackRock TCP Capital by 177.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company's stock worth $48,000 after buying an additional 3,508 shares in the last quarter. Transce3nd LLC bought a new stake in BlackRock TCP Capital during the fourth quarter worth approximately $70,000. VSM Wealth Advisory LLC bought a new stake in BlackRock TCP Capital during the fourth quarter worth approximately $84,000. Finally, Entropy Technologies LP bought a new stake in BlackRock TCP Capital during the fourth quarter worth approximately $115,000.

Wall Street Analysts Forecast Growth

TCPC has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of BlackRock TCP Capital from $8.50 to $7.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of BlackRock TCP Capital from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on shares of BlackRock TCP Capital from $7.50 to $6.50 and set an "underweight" rating for the company in a research note on Monday, April 28th.

Insider Buying and Selling at BlackRock TCP Capital

In related news, CEO Philip M. Tseng bought 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was bought at an average price of $7.74 per share, with a total value of $77,400.00. Following the purchase, the chief executive officer now directly owns 38,587 shares of the company's stock, valued at approximately $298,663.38. This represents a 34.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Patrick Wolfe bought 6,100 shares of the firm's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $8.12 per share, with a total value of $49,532.00. Following the purchase, the chief operating officer now directly owns 8,003 shares in the company, valued at approximately $64,984.36. This trade represents a 320.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 18,500 shares of company stock valued at $146,444 in the last quarter. Company insiders own 0.16% of the company's stock.

BlackRock TCP Capital Trading Up 1.9%

BlackRock TCP Capital stock traded up $0.14 during midday trading on Friday, reaching $7.69. The stock had a trading volume of 488,208 shares, compared to its average volume of 589,482. The firm's fifty day simple moving average is $7.24 and its two-hundred day simple moving average is $8.32. BlackRock TCP Capital Corp. has a twelve month low of $6.27 and a twelve month high of $11.52. 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 firm has a market cap of $653.94 million, a price-to-earnings ratio of -15.38 and a beta of 1.03.

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The investment management company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. The firm had revenue of $55.89 million during the quarter, compared to analyst estimates of $57.95 million. Equities analysts anticipate that BlackRock TCP Capital Corp. will post 1.65 EPS for the current fiscal year.

BlackRock TCP Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 13.00%. BlackRock TCP Capital's payout ratio is -172.41%.

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.