Universal Beteiligungs und Servicegesellschaft mbH Invests $416,000 in BLACKROCK TCP CAPITAL CORP. (NASDAQ:TCPC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment in Blackrock Tcp Capital Corp., purchasing 51,900 shares valued at approximately $416,000.
• Several analysts have downgraded Blackrock Tcp Capital, with Wells Fargo reducing its price target from $7.50 to $6.50 and setting an "underweight" rating.
• The company recently declared a quarterly dividend of $0.25 per share, providing an annualized yield of 14.0%, despite having a negative dividend payout ratio.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of BLACKROCK TCP CAPITAL CORP. (NASDAQ:TCPC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,900 shares of the investment management company's stock, valued at approximately $416,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of BLACKROCK TCP CAPITAL 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 TCPC. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $48,000 after buying an additional 3,508 shares in the last quarter. Transce3nd LLC purchased a new position in BLACKROCK TCP CAPITAL in the 4th quarter valued at approximately $70,000. Kingswood Wealth Advisors LLC bought a new stake in BLACKROCK TCP CAPITAL during the 1st quarter valued at $81,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BLACKROCK TCP CAPITAL during the first quarter worth $83,000. Finally, VSM Wealth Advisory LLC boosted its holdings in shares of BLACKROCK TCP CAPITAL by 15.9% in the first quarter. VSM Wealth Advisory LLC now owns 11,230 shares of the investment management company's stock worth $90,000 after acquiring an additional 1,537 shares during the period.

BLACKROCK TCP CAPITAL Price Performance

NASDAQ TCPC traded up $0.14 during trading on Tuesday, reaching $7.17. The company's stock had a trading volume of 738,224 shares, compared to its average volume of 437,166. The stock has a market capitalization of $609.74 million, a PE ratio of -12.36 and a beta of 1.01. The company has a debt-to-equity ratio of 1.41, a current ratio of 34.00 and a quick ratio of 34.00. The firm has a fifty day moving average of $7.65 and a 200 day moving average of $7.86. BLACKROCK TCP CAPITAL CORP. has a one year low of $6.27 and a one year high of $10.13.

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, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $55.89 million for the quarter, compared to analysts' expectations of $57.95 million. BLACKROCK TCP CAPITAL had a negative net margin of 18.22% and a positive return on equity of 15.51%. 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 was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 13.9%. BLACKROCK TCP CAPITAL's payout ratio is -172.41%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TCPC. Wall Street Zen cut BLACKROCK TCP CAPITAL from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. 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 for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price objective on shares of BLACKROCK TCP CAPITAL from $7.50 to $6.50 and set an "underweight" rating for the company in a research note on Monday, April 28th.

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.