D.A. Davidson & CO. Sells 17,952 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

D.A. Davidson & CO. lowered its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 467,506 shares of the investment management company’s stock after selling 17,952 shares during the period. D.A. Davidson & CO. owned 0.55% of BlackRock TCP Capital worth $4,072,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in shares of BlackRock TCP Capital by 189.3% during the 3rd quarter. Jane Street Group LLC now owns 36,457 shares of the investment management company’s stock valued at $302,000 after buying an additional 23,857 shares in the last quarter. Columbus Macro LLC bought a new stake in shares of BlackRock TCP Capital during the 4th quarter valued at $4,177,000. EP Wealth Advisors LLC bought a new stake in shares of BlackRock TCP Capital during the 3rd quarter valued at $526,000. Paloma Partners Management Co bought a new stake in shares of BlackRock TCP Capital during the 3rd quarter valued at $608,000. Finally, Van ECK Associates Corp boosted its holdings in shares of BlackRock TCP Capital by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock valued at $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 $9.44 on Friday. BlackRock TCP Capital Corp. has a one year low of $7.71 and a one year high of $11.52. The company’s 50-day moving average is $8.94 and its 200 day moving average is $8.82. The company has a market capitalization of $807.97 million, a price-to-earnings ratio of -18.88 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37.

Analysts Set New Price Targets

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

Insider Buying and Selling at BlackRock TCP Capital

In related news, President Jason Mehring bought 4,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $9.30 per share, for a total transaction 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. The trade was a 29.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.