CreativeOne Wealth LLC Invests $118,000 in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

CreativeOne Wealth LLC acquired a new stake in BlackRock TCP Capital Corp. (NASDAQ:TCPC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,189 shares of the investment management company’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TCPC. Nisa Investment Advisors LLC acquired a new position in shares of BlackRock TCP Capital in the third quarter worth $121,000. Global Wealth Management Investment Advisory Inc. grew its stake in shares of BlackRock TCP Capital by 9.3% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 45,706 shares of the investment management company’s stock worth $537,000 after purchasing an additional 3,889 shares in the last quarter. Quantbot Technologies LP increased its holdings in BlackRock TCP Capital by 310.1% in the third quarter. Quantbot Technologies LP now owns 16,197 shares of the investment management company’s stock valued at $190,000 after buying an additional 12,247 shares during the last quarter. Virtus ETF Advisers LLC raised its stake in BlackRock TCP Capital by 52.8% in the third quarter. Virtus ETF Advisers LLC now owns 54,893 shares of the investment management company’s stock valued at $644,000 after buying an additional 18,960 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in BlackRock TCP Capital by 11.1% during the third quarter. Oppenheimer & Co. Inc. now owns 188,344 shares of the investment management company’s stock worth $2,211,000 after purchasing an additional 18,780 shares in the last quarter.

BlackRock TCP Capital Stock Performance

Shares of TCPC opened at $10.83 on Friday. BlackRock TCP Capital Corp. has a 1 year low of $9.90 and a 1 year high of $13.00. The company’s 50 day simple moving average is $10.32 and its 200 day simple moving average is $11.04. The company has a market capitalization of $926.94 million, a price-to-earnings ratio of 30.94 and a beta of 1.42. 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 (NASDAQ:TCPC) last issued its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. BlackRock TCP Capital had a return on equity of 13.95% and a net margin of 9.69%. The company had revenue of $55.73 million for the quarter, compared to analyst estimates of $50.99 million. During the same quarter in the prior year, the company posted $0.44 EPS. On average, sell-side analysts predict that BlackRock TCP Capital Corp. will post 1.71 EPS for the current year.

BlackRock TCP Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, June 14th. This represents a $1.36 annualized dividend and a yield of 12.56%. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently 388.58%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TCPC. Oppenheimer decreased their price target on shares of BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. JMP Securities restated a “market perform” rating on shares of BlackRock TCP Capital in a research report on Friday, March 1st. Raymond James downgraded BlackRock TCP Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, March 1st. Wells Fargo & Company raised their price objective on shares of BlackRock TCP Capital from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.67.

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.