Blackrock Tcp Capital Corp. $TCPC Stake Reduced by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd cut its position in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,977 shares of the investment management company’s stock after selling 22,300 shares during the period. Blackrock Tcp Capital comprises 0.7% of Privium Fund Management UK Ltd’s portfolio, making the stock its 5th biggest position. Privium Fund Management UK Ltd’s holdings in Blackrock Tcp Capital were worth $983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Blackrock Tcp Capital during the first quarter valued at $83,000. Kingswood Wealth Advisors LLC purchased a new position in Blackrock Tcp Capital during the 1st quarter valued at about $81,000. Transcend Capital Advisors LLC raised its holdings in shares of Blackrock Tcp Capital by 2.8% in the 1st quarter. Transcend Capital Advisors LLC now owns 1,472,609 shares of the investment management company’s stock valued at $11,796,000 after purchasing an additional 40,153 shares in the last quarter. Mallini Complete Financial Planning LLC raised its holdings in shares of Blackrock Tcp Capital by 9.6% in the 1st quarter. Mallini Complete Financial Planning LLC now owns 22,505 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 1,971 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Blackrock Tcp Capital by 9.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 260,862 shares of the investment management company’s stock worth $2,090,000 after purchasing an additional 22,430 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Blackrock Tcp Capital in a report on Wednesday, October 8th. Wall Street Zen downgraded Blackrock Tcp Capital from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $6.00 price objective (down from $6.50) on shares of Blackrock Tcp Capital in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus price target of $6.75.

Blackrock Tcp Capital Price Performance

Shares of TCPC opened at $5.66 on Tuesday. The company has a 50 day moving average of $6.59 and a two-hundred day moving average of $7.10. The company has a market cap of $481.30 million, a price-to-earnings ratio of -33.29 and a beta of 1.04. The company has a quick ratio of 14.07, a current ratio of 14.06 and a debt-to-equity ratio of 1.59. Blackrock Tcp Capital Corp. has a twelve month low of $5.39 and a twelve month high of $9.72.

Blackrock Tcp Capital (NASDAQ:TCPC) last posted its quarterly earnings data on Thursday, August 7th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Blackrock Tcp Capital had a positive return on equity of 15.12% and a negative net margin of 4.98%.The business had revenue of $51.47 million during the quarter, compared to analyst estimates of $56.16 million. As a group, analysts predict that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current fiscal year.

Blackrock Tcp Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 17.7%. Blackrock Tcp Capital’s dividend payout ratio is -588.24%.

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.