BlackRock TCP Capital Corp. (NASDAQ:TCPC) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 77.7% in the fourth quarter, HoldingsChannel reports. The fund owned 92,491 shares of the investment management company’s stock after purchasing an additional 40,448 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in BlackRock TCP Capital were worth $806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TCPC. Avior Wealth Management LLC acquired a new stake in BlackRock TCP Capital in the fourth quarter worth approximately $38,000. McIlrath & Eck LLC acquired a new stake in shares of BlackRock TCP Capital in the third quarter valued at $46,000. Pathway Financial Advisers LLC boosted its stake in BlackRock TCP Capital by 729.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock valued at $60,000 after buying an additional 6,379 shares in the last quarter. Quantbot Technologies LP bought a new position in BlackRock TCP Capital during the third quarter valued at about $79,000. Finally, MeadowBrook Investment Advisors LLC grew its holdings in BlackRock TCP Capital by 22.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock worth $90,000 after acquiring an additional 1,970 shares during the period.

Analysts Set New Price Targets

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

BlackRock TCP Capital Trading Down 0.1 %

Shares of TCPC opened at $9.40 on Wednesday. The business’s 50-day moving average price is $8.94 and its 200 day moving average price is $8.81. The company has a current ratio of 39.37, a quick ratio of 39.37 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $804.56 million, a P/E ratio of -18.80 and a beta of 1.50. BlackRock TCP Capital Corp. has a 1-year low of $7.71 and a 1-year high of $11.52.

Insiders Place Their Bets

In other news, President Jason Mehring acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $9.30 per share, with a total value of $41,850.00. Following the purchase, the president now owns 19,914 shares of the company’s stock, valued at approximately $185,200.20. This trade represents a 29.19 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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.