CreativeOne Wealth LLC Boosts Holdings in Blackrock Tcp Capital Corp. $TCPC

CreativeOne Wealth LLC raised its stake in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,565 shares of the investment management company’s stock after buying an additional 10,104 shares during the quarter. CreativeOne Wealth LLC’s holdings in Blackrock Tcp Capital were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Next Capital Management LLC lifted its holdings in shares of Blackrock Tcp Capital by 2,131.4% in the second quarter. Next Capital Management LLC now owns 1,134,826 shares of the investment management company’s stock worth $8,738,000 after buying an additional 1,083,968 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Blackrock Tcp Capital during the 1st quarter valued at about $4,514,000. Barings LLC boosted its holdings in shares of Blackrock Tcp Capital by 3.6% during the 1st quarter. Barings LLC now owns 497,580 shares of the investment management company’s stock valued at $3,986,000 after purchasing an additional 17,258 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Blackrock Tcp Capital by 16.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 394,116 shares of the investment management company’s stock valued at $3,157,000 after purchasing an additional 56,639 shares in the last quarter. Finally, North Ground Capital increased its holdings in shares of Blackrock Tcp Capital by 1,209.0% in the first quarter. North Ground Capital now owns 365,000 shares of the investment management company’s stock worth $2,924,000 after purchasing an additional 337,116 shares during the last quarter.

Blackrock Tcp Capital Price Performance

NASDAQ:TCPC opened at $6.01 on Friday. The firm has a market capitalization of $509.89 million, a price-to-earnings 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 simple moving average of $5.82 and a 200-day simple moving average of $6.88. 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 issued its quarterly earnings results on Thursday, November 6th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The company had revenue of $50.52 million during the quarter, compared to the consensus estimate of $51.01 million. Blackrock Tcp Capital had a positive return on equity of 15.12% and a negative net margin of 4.98%. Equities analysts forecast that Blackrock Tcp Capital Corp. will post 1.65 EPS for the current year.

Blackrock Tcp Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

TCPC has been the subject of several research analyst reports. Wells Fargo & Company cut their price target on Blackrock Tcp Capital from $6.00 to $5.50 and set an “underweight” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Blackrock Tcp Capital in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Blackrock Tcp Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $6.50.

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.