Ethos Financial Group LLC Takes $521,000 Position in 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 acquired a new stake in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 institutional investors have also recently made changes to their positions in the company. Transcend Capital Advisors LLC boosted its position in shares of Blackrock Tcp Capital by 2.8% during the first quarter. Transcend Capital Advisors LLC now owns 1,472,609 shares of the investment management company's stock valued at $11,796,000 after buying an additional 40,153 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Blackrock Tcp Capital by 6.2% during the first quarter. Envestnet Asset Management Inc. now owns 593,485 shares of the investment management company's stock valued at $4,754,000 after buying an additional 34,670 shares during the period. Cetera Investment Advisers purchased a new position in shares of Blackrock Tcp Capital during the first quarter valued at approximately $4,514,000. Columbus Macro LLC boosted its position in shares of Blackrock Tcp Capital by 7.7% during the first quarter. Columbus Macro LLC now owns 516,303 shares of the investment management company's stock valued at $4,136,000 after buying an additional 36,692 shares during the period. Finally, Barings LLC boosted its position in shares of Blackrock Tcp Capital by 3.6% during the first quarter. Barings LLC now owns 497,580 shares of the investment management company's stock valued at $3,986,000 after buying an additional 17,258 shares during the period.

Blackrock Tcp Capital Price Performance

Shares of TCPC traded down $0.02 during mid-day trading on Friday, hitting $7.08. 356,461 shares of the company were exchanged, compared to its average volume of 567,020. The stock has a market cap of $602.08 million, a price-to-earnings ratio of -41.65 and a beta of 1.01. The company has a debt-to-equity ratio of 1.59, a quick ratio of 14.07 and a current ratio of 14.06. Blackrock Tcp Capital Corp. has a 1-year low of $6.27 and a 1-year high of $9.72. The company has a 50 day moving average of $7.45 and a 200-day moving average of $7.68.

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

Blackrock Tcp Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.1%. Blackrock Tcp Capital's dividend payout ratio (DPR) is currently -588.24%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Blackrock Tcp Capital from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $6.00 price target (down from $6.50) on shares of Blackrock Tcp Capital in a report on Tuesday, August 12th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $6.75.

Blackrock Tcp Capital 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.