Ethos Financial Group LLC Purchases Shares of 65,019 Blackrock Tcp Capital Corp. $TCPC

Key Points

• Ethos Financial Group LLC acquired a new stake in Blackrock Tcp Capital Corp, purchasing 65,019 shares valued at approximately $521,000.
• Blackrock Tcp Capital recently reported an EPS of $0.32, falling short of analysts' expectations and achieved revenues of $51.47 million for the quarter.
• The company declared a quarterly dividend of $0.25 per share, yielding 14.2%, with the ex-dividend date set for September 16th.

Ethos Financial Group LLC purchased a new stake in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 65,019 shares of the investment management company's stock, valued at approximately $521,000. Ethos Financial Group LLC owned approximately 0.08% of Blackrock Tcp Capital as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. VSM Wealth Advisory LLC boosted its position in Blackrock Tcp Capital by 15.9% during the 1st quarter. VSM Wealth Advisory LLC now owns 11,230 shares of the investment management company's stock worth $90,000 after purchasing an additional 1,537 shares during the period. Mallini Complete Financial Planning LLC lifted its stake in shares of Blackrock Tcp Capital by 9.6% during the first quarter. Mallini Complete Financial Planning LLC now owns 22,505 shares of the investment management company's stock worth $180,000 after purchasing an additional 1,971 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 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 period. Mariner LLC grew its stake in shares of Blackrock Tcp Capital by 9.4% in the fourth quarter. Mariner LLC now owns 27,293 shares of the investment management company's stock valued at $238,000 after buying an additional 2,346 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Blackrock Tcp Capital by 2.9% in the first quarter. Arkadios Wealth Advisors now owns 96,516 shares of the investment management company's stock valued at $773,000 after buying an additional 2,687 shares in the last quarter.

Blackrock Tcp Capital Stock Performance

NASDAQ:TCPC traded down $0.04 during mid-day trading on Thursday, hitting $7.10. The stock had a trading volume of 353,044 shares, compared to its average volume of 585,040. Blackrock Tcp Capital Corp. has a 52 week low of $6.27 and a 52 week high of $9.72. The company has a current ratio of 14.06, a quick ratio of 14.07 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $603.78 million, a price-to-earnings ratio of -41.76 and a beta of 1.01. The company has a 50 day simple moving average of $7.48 and a 200-day simple moving average of $7.71.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last announced its earnings results on Thursday, August 7th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Blackrock Tcp Capital had a negative net margin of 4.98% and a positive return on equity of 15.12%. The company had revenue of $51.47 million during the quarter, compared to the consensus estimate of $56.16 million. On average, research analysts expect that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current fiscal year.

Blackrock Tcp Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date is Tuesday, September 16th. Blackrock Tcp Capital's dividend payout ratio is -588.24%.

Analysts Set New Price Targets

TCPC has been the subject of a number of analyst reports. Wells Fargo & Company restated an "underweight" rating and issued a $6.00 price target (down previously from $6.50) on shares of Blackrock Tcp Capital in a report on Tuesday, August 12th. Wall Street Zen cut shares of Blackrock Tcp Capital from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $6.75.

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.