Register Financial Advisors LLC Purchases Shares of 2,500 BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Register Financial Advisors LLC acquired a new position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 2,500 shares of the investment management company’s stock, valued at approximately $26,000.

A number of other large investors have also recently made changes to their positions in TCPC. Confluence Investment Management LLC acquired a new stake in shares of BlackRock TCP Capital in the 1st quarter worth about $4,172,000. International Assets Investment Management LLC raised its stake in shares of BlackRock TCP Capital by 1,054.0% in the fourth quarter. International Assets Investment Management LLC now owns 411,978 shares of the investment management company’s stock worth $4,754,000 after purchasing an additional 376,278 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of BlackRock TCP Capital by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 1,059,142 shares of the investment management company’s stock valued at $12,222,000 after purchasing an additional 101,513 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of BlackRock TCP Capital during the third quarter valued at approximately $828,000. Finally, Raymond James & Associates grew its holdings in BlackRock TCP Capital by 21.5% during the fourth quarter. Raymond James & Associates now owns 292,417 shares of the investment management company’s stock worth $3,374,000 after buying an additional 51,766 shares in the last quarter.

BlackRock TCP Capital Price Performance

Shares of NASDAQ:TCPC opened at $10.80 on Friday. The company has a market capitalization of $924.37 million, a P/E ratio of 30.86 and a beta of 1.47. The company’s 50-day moving average is $10.74 and its 200 day moving average is $10.91. The company has a debt-to-equity ratio of 1.37, a quick ratio of 19.05 and a current ratio of 19.05. BlackRock TCP Capital Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $13.00.

BlackRock TCP Capital (NASDAQ:TCPC) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. BlackRock TCP Capital had a net margin of 9.69% and a return on equity of 13.95%. The firm had revenue of $55.73 million for the quarter, compared to analysts’ expectations of $50.99 million. During the same period in the previous year, the company earned $0.44 earnings per share. On average, equities research analysts forecast that BlackRock TCP Capital Corp. will post 1.71 earnings per share for the current year.

BlackRock TCP Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date of this dividend was Friday, June 14th. BlackRock TCP Capital’s dividend payout ratio is currently 388.58%.

Analyst Ratings Changes

TCPC has been the topic of a number of analyst reports. Oppenheimer cut their price objective on shares of BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. StockNews.com upgraded shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of BlackRock TCP Capital from $11.50 to $10.50 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, BlackRock TCP Capital has an average rating of “Hold” and an average price target of $10.67.

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.