Rockefeller Capital Management L.P. Has $929,000 Stock Holdings in Blackrock Tcp Capital Corp. $TCPC

Rockefeller Capital Management L.P. decreased its holdings in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC) by 44.5% during the 2nd quarter, Holdings Channel reports. The firm owned 120,624 shares of the investment management company’s stock after selling 96,548 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Blackrock Tcp Capital were worth $929,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TCPC. PNC Financial Services Group Inc. lifted its stake in Blackrock Tcp Capital by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 10,200 shares of the investment management company’s stock valued at $82,000 after buying an additional 2,200 shares during the period. Creative Planning bought a new stake in shares of Blackrock Tcp Capital in the 2nd quarter valued at $85,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Blackrock Tcp Capital by 13.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,656 shares of the investment management company’s stock valued at $91,000 after acquiring an additional 1,352 shares in the last quarter. Midwest Trust Co acquired a new position in shares of Blackrock Tcp Capital during the 2nd quarter valued at $96,000. Finally, Mission Wealth Management LP bought a new position in Blackrock Tcp Capital during the second quarter worth $114,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Blackrock Tcp Capital from $6.00 to $5.50 and set an “underweight” rating for the company in a research note on Monday, November 10th. Wall Street Zen raised Blackrock Tcp Capital from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Blackrock Tcp Capital in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Blackrock Tcp Capital currently has an average rating of “Sell” and a consensus price target of $6.50.

Blackrock Tcp Capital Stock Up 1.2%

Shares of NASDAQ TCPC opened at $5.91 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 14.06 and a quick ratio of 14.07. The company has a 50-day moving average price of $5.85 and a 200-day moving average price of $6.90. The stock has a market capitalization of $501.41 million, a P/E ratio of -34.76 and a beta of 1.03. Blackrock Tcp Capital Corp. has a 1 year low of $5.39 and a 1 year high of $9.72.

Blackrock Tcp Capital (NASDAQ:TCPC) last announced its quarterly earnings results on Thursday, November 6th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $50.52 million during the quarter, compared to the consensus estimate of $51.01 million. Blackrock Tcp Capital had a negative net margin of 4.98% and a positive return on equity of 15.12%. On average, equities research analysts forecast that Blackrock Tcp Capital Corp. will post 1.65 EPS for the current fiscal year.

Blackrock Tcp Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.00 annualized dividend and a dividend yield of 16.9%. Blackrock Tcp Capital’s payout ratio is presently -769.23%.

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.