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

Jane Street Group LLC raised its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) by 291.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,714 shares of the investment management company's stock after purchasing an additional 106,257 shares during the quarter. Jane Street Group LLC owned about 0.17% of BlackRock TCP Capital worth $1,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCPC. Talon Private Wealth LLC acquired a new position in shares of BlackRock TCP Capital during the fourth quarter worth about $276,000. Aquatic Capital Management LLC lifted its holdings in BlackRock TCP Capital by 146.4% in the 4th quarter. Aquatic Capital Management LLC now owns 34,000 shares of the investment management company's stock worth $296,000 after buying an additional 20,200 shares in the last quarter. Virtus ETF Advisers LLC boosted its position in BlackRock TCP Capital by 19.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 132,795 shares of the investment management company's stock valued at $1,157,000 after buying an additional 21,301 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in BlackRock TCP Capital during the 4th quarter worth approximately $141,000. Finally, Tower Research Capital LLC TRC raised its holdings in BlackRock TCP Capital by 177.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company's stock valued at $48,000 after acquiring an additional 3,508 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TCPC. Keefe, Bruyette & Woods cut their target price on shares of BlackRock TCP Capital from $8.50 to $7.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on BlackRock TCP Capital from $7.50 to $6.50 and set an "underweight" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen raised BlackRock TCP Capital from a "hold" rating to a "buy" rating in a report on Thursday.

BlackRock TCP Capital Stock Performance

Shares of NASDAQ:TCPC traded up $0.14 during trading hours on Monday, hitting $7.69. The stock had a trading volume of 488,208 shares, compared to its average volume of 590,247. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37. The stock's fifty day simple moving average is $7.24 and its 200 day simple moving average is $8.30. The firm has a market capitalization of $653.94 million, a price-to-earnings ratio of -15.38 and a beta of 1.03. BlackRock TCP Capital Corp. has a 1-year low of $6.27 and a 1-year high of $11.52.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. BlackRock TCP Capital had a positive return on equity of 14.16% and a negative net margin of 15.22%. The firm had revenue of $55.89 million during the quarter, compared to analyst estimates of $57.95 million. Sell-side analysts anticipate that BlackRock TCP Capital Corp. will post 1.65 earnings per share for the current fiscal year.

BlackRock TCP Capital Announces Dividend

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

Insider Buying and Selling

In other news, CEO Philip M. Tseng acquired 10,000 shares of BlackRock TCP Capital stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $7.74 per share, with a total value of $77,400.00. Following the completion of the purchase, the chief executive officer now owns 38,587 shares of the company's stock, valued at $298,663.38. This represents a 34.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Patrick Wolfe purchased 6,100 shares of BlackRock TCP Capital stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $8.12 per share, with a total value of $49,532.00. Following the transaction, the chief operating officer now owns 8,003 shares in the company, valued at $64,984.36. This represents a 320.55% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 18,500 shares of company stock worth $146,444. Corporate insiders own 0.21% 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.