Insider Buying: Mark Holdsworth Purchases 10,000 Shares of TCP Capital Corp Stock (TCPC)
TCP Capital Corp (NASDAQ:TCPC) Insider Mark Holdsworth purchased 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $15.86 per share, with a total value of $158,600.00. Following the completion of the transaction, the insider now directly owns 67,451 shares in the company, valued at approximately $1,069,773. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of TCP Capital Corp (NASDAQ:TCPC) traded up 0.38% on Wednesday, hitting $15.86. The stock had a trading volume of 316,006 shares. TCP Capital Corp has a 52 week low of $14.87 and a 52 week high of $18.15. The stock’s 50-day moving average is $16.33 and its 200-day moving average is $16.88.
TCP Capital Corp (NASDAQ:TCPC) last released its earnings data on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.02. Analysts expect that TCP Capital Corp will post $1.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date of this dividend is Monday, June 16th.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of TCP Capital Corp from a “buy” rating to a “hold” rating in a research note on Tuesday. Separately, analysts at Wunderlich cut their price target on shares of TCP Capital Corp from $18.00 to $16.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of TCP Capital Corp in a research note on Friday, May 9th. They now have a $17.00 price target on the stock, down previously from $17.50. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. TCP Capital Corp currently has a consensus rating of “Hold” and a consensus target price of $17.25.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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