Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 51,900 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 acquired a new position in Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 51,900 shares of the investment management company's stock, valued at approximately $416,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Blackrock Tcp Capital as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCPC. VSM Wealth Advisory LLC boosted its holdings in shares of Blackrock Tcp Capital by 15.9% during the 1st quarter. VSM Wealth Advisory LLC now owns 11,230 shares of the investment management company's stock worth $90,000 after buying an additional 1,537 shares during the period. M Holdings Securities Inc. raised its position in shares of Blackrock Tcp Capital by 2.5% in the fourth quarter. M Holdings Securities Inc. now owns 77,760 shares of the investment management company's stock worth $677,000 after buying an additional 1,890 shares in the last quarter. Mallini Complete Financial Planning LLC increased its position in shares of Blackrock Tcp Capital by 9.6% in the first quarter. Mallini Complete Financial Planning LLC now owns 22,505 shares of the investment management company's stock valued at $180,000 after acquiring an additional 1,971 shares during the period. Mariner LLC increased its stake in shares of Blackrock Tcp Capital by 9.4% during the fourth quarter. Mariner LLC now owns 27,293 shares of the investment management company's stock valued at $238,000 after purchasing an additional 2,346 shares in the last quarter. Finally, United Advisor Group LLC grew 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 worth $1,205,000 after purchasing an additional 2,947 shares during the period.

Blackrock Tcp Capital Stock Performance

Shares of NASDAQ TCPC traded down $0.26 during mid-day trading on Thursday, hitting $6.95. The company had a trading volume of 1,039,906 shares, compared to its average volume of 585,548. The stock has a market cap of $590.60 million, a price-to-earnings ratio of -12.01 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. Blackrock Tcp Capital Corp. has a 12 month low of $6.27 and a 12 month high of $9.72. The firm's 50 day simple moving average is $7.62 and its two-hundred day simple moving average is $7.85.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last issued its earnings results on Thursday, August 7th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Blackrock Tcp Capital had a positive return on equity of 15.51% and a negative net margin of 18.22%. As a group, equities research analysts forecast that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TCPC. Wall Street Zen cut shares of Blackrock Tcp Capital from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Wells Fargo & Company dropped 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 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.