Media coverage about TCP Capital Corp. (NASDAQ:TCPC) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TCP Capital Corp. earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 46.3850450567585 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- $43.45 Million in Sales Expected for TCP Capital Corp. (TCPC) This Quarter (americanbankingnews.com)
- TCP Capital Becomes Oversold (thestreet.com)
- Analyst Actions: TCP Capital Initiated by DA Davidson at Buy Rating, $18/Share Price Target (nasdaq.com)
- Contrasting TCP Capital Corp. (TCPC) & its Competitors (americanbankingnews.com)
Several research analysts have recently commented on TCPC shares. BidaskClub raised TCP Capital Corp. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded TCP Capital Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.00 target price on shares of TCP Capital Corp. in a report on Tuesday, July 25th. National Securities raised TCP Capital Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $19.00 in a report on Monday, August 7th. Finally, National Bank Financial raised TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.17.
TCP Capital Corp. (NASDAQ TCPC) opened at 15.89 on Monday. The firm’s 50-day moving average price is $16.52 and its 200 day moving average price is $16.86. TCP Capital Corp. has a 12-month low of $15.33 and a 12-month high of $17.47.
TCP Capital Corp. (NASDAQ:TCPC) last announced its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $46.23 million for the quarter, compared to analysts’ expectations of $40.37 million. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. Equities research analysts predict that TCP Capital Corp. will post $1.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 9.06%. TCP Capital Corp.’s dividend payout ratio is currently 92.90%.
In related news, Director Brian F. Wruble bought 10,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were purchased at an average price of $16.63 per share, for a total transaction of $166,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $332,600. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.
TCP Capital Corp. Company Profile
TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.
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