479,611 Shares in BlackRock TCP Capital Corp. (NASDAQ:TCPC) Purchased by Columbus Macro LLC

Columbus Macro LLC purchased a new stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 479,611 shares of the investment management company’s stock, valued at approximately $4,177,000. Columbus Macro LLC owned approximately 0.56% of BlackRock TCP Capital at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in BlackRock TCP Capital in the third quarter valued at about $25,000. Avior Wealth Management LLC bought a new stake in shares of BlackRock TCP Capital during the 4th quarter valued at approximately $38,000. McIlrath & Eck LLC bought a new position in BlackRock TCP Capital during the 3rd quarter worth $46,000. Pathway Financial Advisers LLC lifted its stake in BlackRock TCP Capital by 729.0% in the third quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock valued at $60,000 after buying an additional 6,379 shares during the period. Finally, Quantbot Technologies LP acquired a new position in BlackRock TCP Capital during the third quarter worth $79,000.

Insider Activity at BlackRock TCP Capital

In other news, President Jason Mehring bought 4,500 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $9.30 per share, for a total transaction of $41,850.00. Following the completion of the transaction, the president now owns 19,914 shares of the company’s stock, valued at $185,200.20. This trade represents a 29.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company’s stock.

BlackRock TCP Capital Stock Down 1.1 %

TCPC opened at $9.11 on Tuesday. The firm’s 50 day simple moving average is $8.97 and its two-hundred day simple moving average is $8.93. The company has a current ratio of 39.37, a quick ratio of 39.37 and a debt-to-equity ratio of 1.34. BlackRock TCP Capital Corp. has a 1-year low of $7.71 and a 1-year high of $11.52.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings data on Wednesday, November 6th. The investment management company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The company had revenue of $70.93 million for the quarter, compared to analysts’ expectations of $69.13 million. BlackRock TCP Capital had a negative net margin of 15.22% and a positive return on equity of 14.16%. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, equities research analysts expect that BlackRock TCP Capital Corp. will post 1.65 EPS for the current year.

BlackRock TCP Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from BlackRock TCP Capital’s previous quarterly dividend of $0.34. This represents a $1.76 annualized dividend and a yield of 19.32%. BlackRock TCP Capital’s payout ratio is -271.99%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company upped their price target on BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

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.