Bartlett & CO. Wealth Management LLC Buys 4,000 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Bartlett & CO. Wealth Management LLC lifted its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the investment management company’s stock after acquiring an additional 4,000 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in BlackRock TCP Capital were worth $139,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in shares of BlackRock TCP Capital by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,107,130 shares of the investment management company’s stock worth $17,257,000 after acquiring an additional 143,667 shares during the period. D.A. Davidson & CO. boosted its stake in BlackRock TCP Capital by 3.7% during the third quarter. D.A. Davidson & CO. now owns 485,458 shares of the investment management company’s stock valued at $4,024,000 after buying an additional 17,218 shares during the period. Arkadios Wealth Advisors boosted its stake in BlackRock TCP Capital by 32.6% during the third quarter. Arkadios Wealth Advisors now owns 102,477 shares of the investment management company’s stock valued at $850,000 after buying an additional 25,193 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its stake in BlackRock TCP Capital by 51.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 85,514 shares of the investment management company’s stock valued at $709,000 after buying an additional 29,209 shares during the period. Finally, Ignite Planners LLC boosted its stake in BlackRock TCP Capital by 14.7% during the fourth quarter. Ignite Planners LLC now owns 75,121 shares of the investment management company’s stock valued at $664,000 after buying an additional 9,655 shares during the period.

Analysts Set New Price Targets

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

BlackRock TCP Capital Trading Up 1.0 %

NASDAQ TCPC opened at $9.36 on Friday. The stock’s 50-day simple moving average is $8.95 and its two-hundred day simple moving average is $9.03. BlackRock TCP Capital Corp. has a twelve month low of $7.71 and a twelve month high of $11.77. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $801.12 million, a price-to-earnings ratio of -18.72 and a beta of 1.50.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. The firm had revenue of $70.93 million for the quarter, compared to analysts’ expectations of $69.13 million. During the same quarter in the previous year, the business earned $0.49 EPS. Research analysts forecast that BlackRock TCP Capital Corp. will post 1.65 EPS for the current fiscal year.

BlackRock TCP Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.44 per share. This is an increase from BlackRock TCP Capital’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, December 17th. This represents a $1.76 dividend on an annualized basis and a yield of 18.80%. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently -271.99%.

Insider Buying and Selling at BlackRock TCP Capital

In related news, President Jason Mehring acquired 4,500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the acquisition, the president now owns 19,914 shares in the company, valued at approximately $185,200.20. This represents a 29.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.16% of the company’s stock.

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.