Columbus Macro LLC Buys 36,692 Shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC)

Columbus Macro LLC grew its stake in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Free Report) by 7.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 516,303 shares of the investment management company's stock after buying an additional 36,692 shares during the quarter. Columbus Macro LLC owned 0.61% of Blackrock Tcp Capital worth $4,136,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Blackrock Tcp Capital by 177.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company's stock valued at $48,000 after buying an additional 3,508 shares during the last quarter. Transce3nd LLC bought a new position in shares of Blackrock Tcp Capital during the fourth quarter valued at about $70,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Blackrock Tcp Capital during the first quarter worth about $83,000. VSM Wealth Advisory LLC bought a new stake in shares of Blackrock Tcp Capital in the fourth quarter worth about $84,000. Finally, Merit Financial Group LLC purchased a new position in Blackrock Tcp Capital during the 1st quarter valued at about $111,000.

Analyst Ratings Changes

TCPC has been the subject of several research analyst reports. Wells Fargo & Company lowered 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 report on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price 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. Finally, Wall Street Zen lowered Blackrock Tcp Capital from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

Blackrock Tcp Capital Stock Up 1.1%

TCPC traded up $0.08 during midday trading on Thursday, reaching $7.51. The company's stock had a trading volume of 357,044 shares, compared to its average volume of 592,044. Blackrock Tcp Capital Corp. has a 1 year low of $6.27 and a 1 year high of $11.06. The stock's 50-day moving average is $7.32 and its 200-day moving average is $8.17. The firm has a market capitalization of $638.65 million, a price-to-earnings ratio of -12.95 and a beta of 1.03. The company has a current ratio of 34.00, a quick ratio of 34.00 and a debt-to-equity ratio of 1.41.

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

Blackrock Tcp Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 13.32%. Blackrock Tcp Capital's payout ratio is presently -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 acquired at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the purchase, the chief executive officer now owns 38,587 shares in the company, valued at $298,663.38. This trade represents a 34.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

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.