J.W. Cole Advisors Inc. Has $1.09 Million Stock Position in Blackrock Tcp Capital Corp. $TCPC

J.W. Cole Advisors Inc. raised its holdings in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,047 shares of the investment management company’s stock after purchasing an additional 28,359 shares during the period. J.W. Cole Advisors Inc.’s holdings in Blackrock Tcp Capital were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Blackrock Tcp Capital during the second quarter worth approximately $166,000. CreativeOne Wealth LLC raised its position in shares of Blackrock Tcp Capital by 11.7% during the 2nd quarter. CreativeOne Wealth LLC now owns 96,565 shares of the investment management company’s stock valued at $744,000 after acquiring an additional 10,104 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Blackrock Tcp Capital by 359.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 48,440 shares of the investment management company’s stock valued at $373,000 after purchasing an additional 37,890 shares during the period. LSV Asset Management boosted its position in shares of Blackrock Tcp Capital by 1.8% in the 2nd quarter. LSV Asset Management now owns 361,470 shares of the investment management company’s stock worth $2,783,000 after purchasing an additional 6,323 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in shares of Blackrock Tcp Capital during the second quarter worth $30,000.

Blackrock Tcp Capital Stock Up 1.7%

Shares of Blackrock Tcp Capital stock opened at $6.01 on Friday. The company has a market capitalization of $509.89 million, a P/E ratio of -35.35 and a beta of 1.03. The company has a debt-to-equity ratio of 1.59, a current ratio of 14.06 and a quick ratio of 14.07. The business has a 50-day moving average of $5.82 and a two-hundred day moving average of $6.87. Blackrock Tcp Capital Corp. has a 1 year low of $5.39 and a 1 year high of $9.72.

Blackrock Tcp Capital (NASDAQ:TCPC) last released its quarterly earnings data on Thursday, November 6th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Blackrock Tcp Capital had a negative net margin of 4.98% and a positive return on equity of 15.12%. The business had revenue of $50.52 million for the quarter, compared to the consensus estimate of $51.01 million. As a group, equities analysts predict that Blackrock Tcp Capital Corp. will post 1.65 EPS for the current year.

Blackrock Tcp Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 16.6%. The ex-dividend date is Wednesday, December 17th. Blackrock Tcp Capital’s dividend payout ratio is -769.23%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TCPC. Weiss Ratings reissued a “sell (d+)” rating on shares of Blackrock Tcp Capital in a research note on Wednesday. Wall Street Zen raised Blackrock Tcp Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Blackrock Tcp Capital from $6.00 to $5.50 and set an “underweight” rating on the stock in a research note on Monday, November 10th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Sell” and an average price target of $6.50.

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.