BlackRock TCP Capital (NASDAQ:TCPC) Stock Rating Upgraded by StockNews.com

BlackRock TCP Capital (NASDAQ:TCPC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other brokerages also recently commented on TCPC. Keefe, Bruyette & Woods dropped their price objective on BlackRock TCP Capital from $11.50 to $10.50 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Oppenheimer dropped their price target on BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. JMP Securities reissued a “market perform” rating on shares of BlackRock TCP Capital in a research note on Friday, March 1st. Finally, Raymond James downgraded BlackRock TCP Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.67.

BlackRock TCP Capital Stock Performance

Shares of BlackRock TCP Capital stock opened at $10.58 on Tuesday. The company has a market capitalization of $905.54 million, a PE ratio of 30.23 and a beta of 1.47. BlackRock TCP Capital has a 12 month low of $9.90 and a 12 month high of $13.00. The company has a current ratio of 19.05, a quick ratio of 19.05 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $10.71 and its 200 day simple moving average is $10.93.

BlackRock TCP Capital (NASDAQ:TCPC) last issued its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $55.73 million for the quarter, compared to the consensus estimate of $50.99 million. BlackRock TCP Capital had a return on equity of 13.95% and a net margin of 9.69%. During the same quarter last year, the business posted $0.44 EPS. On average, research analysts predict that BlackRock TCP Capital will post 1.71 EPS for the current year.

Hedge Funds Weigh In On BlackRock TCP Capital

Several hedge funds have recently modified their holdings of TCPC. Register Financial Advisors LLC bought a new position in BlackRock TCP Capital during the first quarter worth about $26,000. Future Financial Wealth Managment LLC bought a new position in BlackRock TCP Capital during the first quarter worth about $31,000. Morton Brown Family Wealth LLC bought a new position in BlackRock TCP Capital during the fourth quarter worth about $32,000. Cape Investment Advisory Inc. bought a new position in BlackRock TCP Capital during the fourth quarter worth about $74,000. Finally, Tucker Asset Management LLC bought a new position in BlackRock TCP Capital during the fourth quarter worth about $74,000.

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.