TCP Capital Corp Reaches New 1-Year High at $18.19 (TCPC)
TCP Capital Corp (NASDAQ:TCPC)’s share price hit a new 52-week high during mid-day trading on Thursday , Analyst Ratings Network reports. The company traded as high as $18.19 and last traded at $18.19, with a volume of 240,370 shares changing hands. The stock had previously closed at $17.87.
A number of analysts have recently weighed in on TCPC shares. Analysts at TheStreet upgraded shares of TCP Capital Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Separately, analysts at MLV & Co
initiated coverage on shares of TCP Capital Corp in a research note on Thursday, May 22nd. They set a “buy” rating and a $18.00 price target on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of TCP Capital Corp in a research note on Thursday, May 22nd. They set a “buy” rating and a $18.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.36.
The stock’s 50-day moving average is $16.96 and its 200-day moving average is $16.91.
TCP Capital Corp (NASDAQ:TCPC) last announced its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.02. Analysts expect that TCP Capital Corp will post $1.55 EPS for the current fiscal year.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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