BlackRock TCP Capital Corp. (NASDAQ:TCPC) Shares Sold by Lido Advisors LLC

Lido Advisors LLC reduced its stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,277 shares of the investment management company’s stock after selling 6,769 shares during the period. Lido Advisors LLC’s holdings in BlackRock TCP Capital were worth $281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TCPC. Raymond James Financial Inc. acquired a new stake in BlackRock TCP Capital in the 4th quarter valued at about $886,000. Envestnet Asset Management Inc. increased its stake in shares of BlackRock TCP Capital by 623.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 558,815 shares of the investment management company’s stock worth $4,867,000 after buying an additional 481,581 shares during the period. Jane Street Group LLC raised its holdings in BlackRock TCP Capital by 189.3% in the third quarter. Jane Street Group LLC now owns 36,457 shares of the investment management company’s stock valued at $302,000 after acquiring an additional 23,857 shares in the last quarter. Columbus Macro LLC purchased a new position in BlackRock TCP Capital in the fourth quarter worth approximately $4,177,000. Finally, Virtu Financial LLC acquired a new position in BlackRock TCP Capital during the 4th quarter worth approximately $329,000.

BlackRock TCP Capital Price Performance

Shares of NASDAQ:TCPC opened at $6.61 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. BlackRock TCP Capital Corp. has a 12 month low of $6.27 and a 12 month high of $11.52. The firm has a market capitalization of $562.36 million, a P/E ratio of -13.22 and a beta of 1.03. The company’s fifty day moving average price is $7.43 and its 200 day moving average price is $8.39.

BlackRock TCP Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.13%. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently -133.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TCPC shares. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 12th. Keefe, Bruyette & Woods decreased their price target on BlackRock TCP Capital from $8.50 to $7.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their target price on BlackRock TCP Capital from $7.50 to $6.50 and set an “underweight” rating on the stock in a research report on Monday, April 28th.

Insider Buying and Selling

In other BlackRock TCP Capital news, CEO Philip M. Tseng bought 10,000 shares of the stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the transaction, the chief executive officer now owns 38,587 shares in the company, valued at approximately $298,663.38. The trade was a 34.98 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Patrick Wolfe bought 6,100 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $8.12 per share, for a total transaction of $49,532.00. Following the completion of the acquisition, the chief operating officer now directly owns 8,003 shares in the company, valued at approximately $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. Insiders have bought 18,500 shares of company stock worth $146,444 in the last quarter. 0.21% of the stock is owned by insiders.

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.