Blackrock Tcp Capital Corp. $TCPC Shares Sold by Samalin Investment Counsel LLC

Key Points

• Samalin Investment Counsel LLC has reduced its stake in Blackrock Tcp Capital Corp. by 35.2% during Q1, now owning 68,575 shares valued at approximately $549,000.
• Blackrock Tcp Capital recently announced a quarterly dividend of $0.25 per share, translating to an annual yield of 14.2%.
• Analysts have downgraded Blackrock Tcp Capital's stock rating to a "hold" with a price target of $6.75, down from earlier estimates.

Samalin Investment Counsel LLC cut its holdings in Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Free Report) by 35.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,575 shares of the investment management company's stock after selling 37,248 shares during the period. Samalin Investment Counsel LLC owned 0.08% of Blackrock Tcp Capital worth $549,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Blackrock Tcp Capital in the first quarter valued at approximately $83,000. Transcend Capital Advisors LLC lifted its holdings in Blackrock Tcp Capital by 2.8% in 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 acquiring an additional 40,153 shares during the last quarter. Columbus Macro LLC lifted its holdings in Blackrock Tcp Capital by 7.7% in the first quarter. Columbus Macro LLC now owns 516,303 shares of the investment management company's stock valued at $4,136,000 after acquiring an additional 36,692 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Blackrock Tcp Capital by 6.2% in 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 acquiring an additional 34,670 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in Blackrock Tcp Capital in the first quarter valued at approximately $81,000.

Analyst Ratings Changes

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

Blackrock Tcp Capital Trading Up 1.1%

NASDAQ:TCPC traded up $0.08 during trading hours on Monday, reaching $7.21. 451,876 shares of the stock were exchanged, compared to its average volume of 534,152. The company has a quick ratio of 14.07, a current ratio of 14.06 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average of $7.41 and a two-hundred day moving average of $7.59. Blackrock Tcp Capital Corp. has a twelve month low of $6.27 and a twelve month high of $9.72. The company has a market capitalization of $613.14 million, a price-to-earnings ratio of -42.41 and a beta of 1.04.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last released its quarterly earnings results 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). Blackrock Tcp Capital had a positive return on equity of 15.12% and a negative net margin of 4.98%.The firm had revenue of $51.47 million for the quarter, compared to analyst estimates of $56.16 million. On average, equities analysts predict that Blackrock Tcp Capital Corp. will post 1.65 EPS for the current year.

Blackrock Tcp Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 13.9%. The ex-dividend date is Tuesday, September 16th. Blackrock Tcp Capital's dividend payout ratio (DPR) is presently -588.24%.

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.