CreativeOne Wealth LLC Boosts Stock Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

CreativeOne Wealth LLC grew its position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,341 shares of the investment management company’s stock after purchasing an additional 7,547 shares during the quarter. CreativeOne Wealth LLC owned approximately 0.09% of BlackRock TCP Capital worth $656,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Avior Wealth Management LLC bought a new position in BlackRock TCP Capital during the fourth quarter valued at approximately $38,000. McIlrath & Eck LLC purchased a new stake in shares of BlackRock TCP Capital in the 3rd quarter valued at $46,000. VSM Wealth Advisory LLC bought a new position in shares of BlackRock TCP Capital during the 4th quarter valued at $84,000. Entropy Technologies LP purchased a new position in BlackRock TCP Capital in the 4th quarter worth $115,000. Finally, SeaCrest Wealth Management LLC lifted its stake in BlackRock TCP Capital by 18.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 14,878 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,350 shares during the last quarter.

Insider Activity

In other BlackRock TCP Capital news, CEO Philip M. Tseng bought 10,000 shares of BlackRock TCP Capital stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $7.74 per share, with a total value of $77,400.00. Following the transaction, the chief executive officer now directly owns 38,587 shares of the company’s stock, valued at $298,663.38. This represents a 34.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Patrick Wolfe purchased 6,100 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $8.12 per share, with a total value of $49,532.00. Following the completion of the transaction, the chief operating officer now owns 8,003 shares in the company, valued at $64,984.36. This trade represents a 320.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 18,500 shares of company stock valued at $146,444. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 12th. Wells Fargo & Company reduced their price target on BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on BlackRock TCP Capital from $8.50 to $7.50 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, BlackRock TCP Capital presently has an average rating of “Hold” and an average target price of $8.33.

BlackRock TCP Capital Stock Performance

BlackRock TCP Capital stock opened at $6.79 on Friday. BlackRock TCP Capital Corp. has a 1-year low of $6.27 and a 1-year high of $11.52. The firm has a market cap of $577.67 million, a P/E ratio of -13.58 and a beta of 1.21. 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 firm has a 50-day moving average of $7.98 and a 200-day moving average of $8.49.

BlackRock TCP Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 14.73%. The ex-dividend date was Monday, March 17th. BlackRock TCP Capital’s dividend payout ratio (DPR) is currently -133.33%.

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.