Romano Brothers AND Company Purchases 73,570 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Romano Brothers AND Company raised its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC - Free Report) by 522.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,645 shares of the investment management company's stock after buying an additional 73,570 shares during the period. Romano Brothers AND Company owned approximately 0.10% of BlackRock TCP Capital worth $702,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TCPC. Raymond James Financial Inc. acquired a new position in shares of BlackRock TCP Capital in the 4th quarter valued at about $886,000. Envestnet Asset Management Inc. boosted its position in BlackRock TCP Capital by 623.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 558,815 shares of the investment management company's stock valued at $4,867,000 after purchasing an additional 481,581 shares during the period. Columbus Macro LLC acquired a new stake in BlackRock TCP Capital in the fourth quarter worth $4,177,000. Virtu Financial LLC acquired a new position in shares of BlackRock TCP Capital during the fourth quarter valued at $329,000. Finally, Samalin Investment Counsel LLC grew its position in shares of BlackRock TCP Capital by 68.0% during the fourth quarter. Samalin Investment Counsel LLC now owns 105,823 shares of the investment management company's stock worth $922,000 after acquiring an additional 42,827 shares during the last quarter.

Insider Transactions at BlackRock TCP Capital

In other BlackRock TCP Capital news, CEO Philip M. Tseng acquired 10,000 shares of BlackRock TCP Capital stock in a transaction dated 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 transaction, the chief executive officer now owns 38,587 shares of the company's stock, valued at $298,663.38. The trade was a 34.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Patrick Wolfe purchased 6,100 shares of BlackRock TCP Capital stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $8.12 per share, with a total value of $49,532.00. Following the completion of the acquisition, the chief operating officer now 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. In the last quarter, insiders purchased 18,500 shares of company stock worth $146,444. 0.21% of the stock is owned by corporate insiders.

BlackRock TCP Capital Price Performance

TCPC remained flat at $7.82 during trading on Thursday. The company's stock had a trading volume of 543,528 shares, compared to its average volume of 584,981. BlackRock TCP Capital Corp. has a 12-month low of $6.27 and a 12-month high of $11.52. The stock has a market cap of $665.00 million, a price-to-earnings ratio of -15.64 and a beta of 1.03. The stock has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $8.26. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34.

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 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $55.89 million during the quarter, compared to analyst estimates of $57.95 million. BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. On average, research analysts forecast 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 Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 12.79%. BlackRock TCP Capital's payout ratio is -172.41%.

Wall Street Analyst Weigh In

TCPC has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of BlackRock TCP Capital from $7.50 to $6.50 and set an "underweight" rating for the company in a research report on Monday, April 28th. Wall Street Zen cut BlackRock TCP Capital from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Keefe, Bruyette & Woods cut their price objective 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.

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.