Transcend Capital Advisors LLC Boosts Stake in Blackrock Tcp Capital Corp. (NASDAQ:TCPC)

Transcend Capital Advisors LLC boosted its stake in Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,472,609 shares of the investment management company's stock after acquiring an additional 40,153 shares during the period. Blackrock Tcp Capital comprises approximately 0.8% of Transcend Capital Advisors LLC's portfolio, making the stock its 18th largest position. Transcend Capital Advisors LLC owned approximately 1.73% of Blackrock Tcp Capital worth $11,796,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TCPC. United Advisor Group LLC increased its position in Blackrock Tcp Capital by 2.0% in the 1st quarter. United Advisor Group LLC now owns 150,466 shares of the investment management company's stock valued at $1,205,000 after acquiring an additional 2,947 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Blackrock Tcp Capital in the 1st quarter valued at approximately $81,000. Columbus Macro LLC increased its holdings in shares of 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 purchasing an additional 36,692 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Blackrock Tcp Capital during the first quarter worth approximately $83,000. Finally, GraniteShares Advisors LLC raised its stake in shares of Blackrock Tcp Capital by 6.5% during the first quarter. GraniteShares Advisors LLC now owns 299,846 shares of the investment management company's stock worth $2,402,000 after purchasing an additional 18,170 shares during the last quarter.

Blackrock Tcp Capital Price Performance

Shares of Blackrock Tcp Capital stock traded up $0.07 during trading on Monday, reaching $7.71. The company's stock had a trading volume of 572,515 shares, compared to its average volume of 596,309. The business has a 50 day moving average price of $7.44 and a 200-day moving average price of $8.06. Blackrock Tcp Capital Corp. has a 12-month low of $6.27 and a 12-month high of $11.06. The company has a market capitalization of $655.66 million, a P/E ratio of -13.29 and a beta of 1.03. The company has a quick ratio of 34.00, a current ratio of 34.00 and a debt-to-equity ratio of 1.41.

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

Blackrock Tcp Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 12.97%. Blackrock Tcp Capital's payout ratio is currently -172.41%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Blackrock Tcp Capital from a "hold" rating to a "buy" rating in a research note on Friday. Keefe, Bruyette & Woods dropped their price target 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. Finally, Wells Fargo & Company cut their price target 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.

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.