12,500 Shares in Blackrock Tcp Capital Corp. $TCPC Bought by Midwest Trust Co

Midwest Trust Co acquired a new stake in Blackrock Tcp Capital Corp. (NASDAQ:TCPC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,500 shares of the investment management company’s stock, valued at approximately $96,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TCPC. PNC Financial Services Group Inc. grew its holdings in shares of Blackrock Tcp Capital by 27.5% during the first quarter. PNC Financial Services Group Inc. now owns 10,200 shares of the investment management company’s stock worth $82,000 after buying an additional 2,200 shares during the last quarter. VSM Wealth Advisory LLC raised its stake in 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 valued at $90,000 after acquiring an additional 1,537 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Blackrock Tcp Capital by 13.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,656 shares of the investment management company’s stock worth $91,000 after acquiring an additional 1,352 shares during the period. Mission Wealth Management LP acquired a new stake in Blackrock Tcp Capital during the 2nd quarter worth approximately $114,000. Finally, Prospera Financial Services Inc acquired a new stake in Blackrock Tcp Capital during the 2nd quarter worth approximately $115,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TCPC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Blackrock Tcp Capital in a report on Wednesday, October 8th. Wells Fargo & Company lowered 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 report on Monday. Finally, Wall Street Zen raised shares of Blackrock Tcp Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell” and an average price target of $6.50.

Blackrock Tcp Capital Stock Performance

Shares of TCPC stock opened at $5.81 on Friday. The company has a current ratio of 14.06, a quick ratio of 14.07 and a debt-to-equity ratio of 1.59. The stock has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $6.97. The company has a market cap of $492.93 million, a price-to-earnings ratio of -34.18 and a beta of 1.03. Blackrock Tcp Capital Corp. has a 12-month low of $5.39 and a 12-month high of $9.72.

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

Blackrock Tcp Capital Announces Dividend

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 dividend on an annualized basis and a dividend yield of 17.2%. The ex-dividend date is Wednesday, December 17th. Blackrock Tcp Capital’s dividend payout ratio (DPR) is currently -769.23%.

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.