Blackrock Tcp Capital (NASDAQ:TCPC) Stock Rating Upgraded by Wall Street Zen

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

Several other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Blackrock Tcp Capital from $8.50 to $7.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped 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 report on Monday, April 28th.

Blackrock Tcp Capital Stock Down 1.3%

Shares of TCPC traded down $0.10 during midday trading on Friday, hitting $7.73. 385,880 shares of the company's stock traded hands, compared to its average volume of 597,527. The company has a current ratio of 34.00, a quick ratio of 34.00 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $657.36 million, a price-to-earnings ratio of -13.33 and a beta of 1.02. Blackrock Tcp Capital has a 1 year low of $6.27 and a 1 year high of $11.06. The firm's fifty day moving average is $7.54 and its 200-day moving average is $8.01.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The investment management company reported $0.36 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $55.89 million during the quarter, compared to analysts' expectations of $57.95 million. As a group, sell-side analysts anticipate that Blackrock Tcp Capital will post 1.65 earnings per share for the current year.

Institutional Trading of Blackrock Tcp Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in shares of Blackrock Tcp Capital by 177.2% during 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 acquired a new stake in Blackrock Tcp Capital during the 4th quarter worth about $70,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Blackrock Tcp Capital during the 1st quarter valued at about $81,000. PNC Financial Services Group Inc. raised its stake in shares of Blackrock Tcp Capital by 27.5% during 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Blackrock Tcp Capital in the 1st quarter valued at about $83,000.

About Blackrock Tcp Capital

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.