VSM Wealth Advisory LLC Buys New Stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

VSM Wealth Advisory LLC purchased a new stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,693 shares of the investment management company’s stock, valued at approximately $84,000.

Other institutional investors also recently bought and sold shares of the company. Columbus Macro LLC acquired a new stake in BlackRock TCP Capital during the 4th quarter worth $4,177,000. GraniteShares Advisors LLC acquired a new stake in shares of BlackRock TCP Capital during the fourth quarter worth about $2,453,000. Transcend Capital Advisors LLC lifted its holdings in shares of BlackRock TCP Capital by 17.2% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,432,456 shares of the investment management company’s stock valued at $12,477,000 after purchasing an additional 209,898 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BlackRock TCP Capital in the 4th quarter valued at about $886,000. Finally, Van ECK Associates Corp grew its stake in BlackRock TCP Capital by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock worth $19,186,000 after buying an additional 95,603 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TCPC. Wells Fargo & Company reduced their price objective on BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating for the company in a research note on Friday, February 28th. Keefe, Bruyette & Woods decreased their price target on shares of BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating for the company in a research note on Friday, February 28th. Finally, StockNews.com upgraded shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.67.

Insider Activity at BlackRock TCP Capital

In related news, COO Patrick Wolfe bought 6,100 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $8.12 per share, for a total transaction of $49,532.00. Following the transaction, the chief operating officer now owns 8,003 shares of the company’s stock, valued at approximately $64,984.36. This trade represents a 320.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.16% of the company’s stock.

BlackRock TCP Capital Trading Down 0.9 %

Shares of BlackRock TCP Capital stock opened at $7.74 on Thursday. BlackRock TCP Capital Corp. has a 52-week low of $7.71 and a 52-week high of $11.52. The company’s 50-day simple moving average is $8.81 and its 200-day simple moving average is $8.72. The firm has a market cap of $658.50 million, a price-to-earnings ratio of -15.48 and a beta of 1.55. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34.

BlackRock TCP Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 12.92%. BlackRock TCP Capital’s dividend payout ratio is currently -133.33%.

BlackRock TCP Capital 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.