Transcend Capital Advisors LLC Purchases 209,898 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Transcend Capital Advisors LLC lifted its position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,432,456 shares of the investment management company’s stock after acquiring an additional 209,898 shares during the quarter. BlackRock TCP Capital makes up about 0.9% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 19th largest position. Transcend Capital Advisors LLC’s holdings in BlackRock TCP Capital were worth $12,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TCPC. MeadowBrook Investment Advisors LLC boosted its stake in BlackRock TCP Capital by 22.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,970 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of BlackRock TCP Capital by 18.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 14,878 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,350 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its stake in shares of BlackRock TCP Capital by 33.3% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 16,000 shares of the investment management company’s stock worth $139,000 after purchasing an additional 4,000 shares during the period. Avior Wealth Management LLC bought a new stake in BlackRock TCP Capital in the fourth quarter valued at about $38,000. Finally, McIlrath & Eck LLC bought a new stake in BlackRock TCP Capital in the third quarter valued at about $46,000.

Insider Buying and Selling

In related news, President Jason Mehring purchased 4,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $9.30 per share, with a total value of $41,850.00. Following the completion of the purchase, the president now owns 19,914 shares in the company, valued at $185,200.20. This represents a 29.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

BlackRock TCP Capital Stock Up 0.2 %

Shares of BlackRock TCP Capital stock opened at $9.44 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37. The business has a 50-day moving average of $8.94 and a two-hundred day moving average of $8.82. BlackRock TCP Capital Corp. has a 1 year low of $7.71 and a 1 year high of $11.52.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TCPC. StockNews.com upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company boosted their price objective on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, BlackRock TCP Capital currently has a consensus rating of “Hold” and an average target price of $9.00.

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.