Blackrock Tcp Capital (NASDAQ:TCPC) Rating Increased to Buy at Wall Street Zen

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other equities research analysts have also weighed in on TCPC. Wells Fargo & Company cut their target price on shares of Blackrock Tcp Capital from $7.50 to $6.50 and set an "underweight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target on shares of Blackrock Tcp Capital from $8.50 to $7.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Blackrock Tcp Capital Stock Performance

Shares of TCPC stock traded up $0.09 during mid-day trading on Friday, reaching $7.82. The stock had a trading volume of 349,531 shares, compared to its average volume of 597,898. Blackrock Tcp Capital has a one year low of $6.27 and a one year high of $11.06. The company has a quick ratio of 34.00, a current ratio of 34.00 and a debt-to-equity ratio of 1.41. The firm's 50 day simple moving average is $7.56 and its 200 day simple moving average is $8.01. The firm has a market cap of $665.01 million, a PE ratio of -13.48 and a beta of 1.02.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last announced 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. Blackrock Tcp Capital had a positive return on equity of 15.51% and a negative net margin of 18.22%. The business had revenue of $55.89 million for the quarter, compared to the consensus estimate of $57.95 million. On average, analysts forecast that Blackrock Tcp Capital will post 1.65 EPS for the current year.

Hedge Funds Weigh In On Blackrock Tcp Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Blackrock Tcp Capital by 177.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,488 shares of the investment management company's stock worth $48,000 after purchasing an additional 3,508 shares during the last quarter. Transce3nd LLC bought a new position in shares of Blackrock Tcp Capital during the 4th quarter worth approximately $70,000. Kingswood Wealth Advisors LLC bought a new position in Blackrock Tcp Capital during the first quarter worth $81,000. PNC Financial Services Group Inc. grew its stake in shares of Blackrock Tcp Capital by 27.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,200 shares of the investment management company's stock valued at $82,000 after buying an additional 2,200 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Blackrock Tcp Capital during the first quarter valued at approximately $83,000.

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.