Transcend Capital Advisors LLC Has $11.80 Million Stock Holdings in Blackrock Tcp Capital Corp. (NASDAQ:TCPC)

Transcend Capital Advisors LLC increased its stake in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Free Report) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,472,609 shares of the investment management company's stock after purchasing an additional 40,153 shares during the quarter. Blackrock Tcp Capital makes up about 0.8% of Transcend Capital Advisors LLC's portfolio, making the stock its 18th largest holding. Transcend Capital Advisors LLC owned about 1.73% of Blackrock Tcp Capital worth $11,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. M Holdings Securities Inc. grew its holdings in Blackrock Tcp Capital by 2.5% during the 4th quarter. M Holdings Securities Inc. now owns 77,760 shares of the investment management company's stock worth $677,000 after acquiring an additional 1,890 shares during the last quarter. Mariner LLC grew its holdings in Blackrock Tcp Capital by 9.4% during the 4th quarter. Mariner LLC now owns 27,293 shares of the investment management company's stock worth $238,000 after acquiring an additional 2,346 shares during the last quarter. United Advisor Group LLC grew its holdings in Blackrock Tcp Capital by 2.0% during the 1st quarter. United Advisor Group LLC now owns 150,466 shares of the investment management company's stock worth $1,205,000 after acquiring an additional 2,947 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Blackrock Tcp Capital by 177.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company's stock worth $48,000 after acquiring an additional 3,508 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in Blackrock Tcp Capital by 43.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,350 shares of the investment management company's stock worth $151,000 after acquiring an additional 5,250 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Blackrock Tcp Capital from $7.50 to $6.50 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods reduced 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. Finally, Wall Street Zen lowered shares of Blackrock Tcp Capital from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

Blackrock Tcp Capital Trading Up 1.1%

NASDAQ:TCPC opened at $7.53 on Friday. The firm has a market cap of $640.35 million, a P/E ratio of -12.98 and a beta of 1.03. Blackrock Tcp Capital Corp. has a 52 week low of $6.27 and a 52 week high of $11.06. The firm's fifty day moving average is $7.42 and its 200-day moving average is $8.09. The company has a debt-to-equity ratio of 1.41, a quick ratio of 34.00 and a current ratio of 34.00.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last issued its earnings results on Thursday, May 8th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The business 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%. Equities analysts expect that Blackrock Tcp Capital Corp. will post 1.65 earnings per share 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. Investors of record on Monday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 13.28%. The ex-dividend date of this dividend is Monday, June 16th. Blackrock Tcp Capital's dividend payout ratio is presently -172.41%.

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.

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