Verus Capital Partners LLC Buys 6,910 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Verus Capital Partners LLC raised its stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 14.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 54,214 shares of the investment management company’s stock after purchasing an additional 6,910 shares during the period. Verus Capital Partners LLC owned 0.06% of BlackRock TCP Capital worth $472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TCPC. Muzinich & Co. Inc. lifted its holdings in BlackRock TCP Capital by 11.8% during the fourth quarter. Muzinich & Co. Inc. now owns 241,464 shares of the investment management company’s stock valued at $2,103,000 after purchasing an additional 25,560 shares in the last quarter. GraniteShares Advisors LLC purchased a new position in shares of BlackRock TCP Capital during the 4th quarter valued at $2,453,000. Transcend Capital Advisors LLC lifted its stake in shares of BlackRock TCP Capital by 17.2% during 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 buying an additional 209,898 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in BlackRock TCP Capital by 77.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 92,491 shares of the investment management company’s stock worth $806,000 after buying an additional 40,448 shares during the period. Finally, Van ECK Associates Corp increased its stake in BlackRock TCP Capital by 4.5% in 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 in the last quarter.

BlackRock TCP Capital Stock Performance

Shares of TCPC stock opened at $8.44 on Friday. 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 $722.39 million, a price-to-earnings ratio of -16.88 and a beta of 1.50. BlackRock TCP Capital Corp. has a 12-month low of $7.71 and a 12-month high of $11.52. The stock’s 50-day moving average price is $8.97 and its 200-day moving average price is $8.81.

BlackRock TCP Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 11.85%. BlackRock TCP Capital’s dividend payout ratio (DPR) is -272.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TCPC shares. Wells Fargo & Company dropped 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. StockNews.com upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.67.

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.