JMP Securities Increases TCP Capital Corp Price Target to $18.00 (TCPC)
Stock analysts at JMP Securities upped their price objective on shares of TCP Capital Corp (NASDAQ:TCPC) from $17.50 to $18.00 in a report issued on Tuesday. JMP Securities’ target price indicates a potential upside of 4.41% from the stock’s previous close.
TCP Capital Corp (NASDAQ:TCPC) traded down 0.41% during mid-day trading on Tuesday, hitting $17.17. The stock had a trading volume of 93,568 shares. TCP Capital Corp has a 52 week low of $14.87 and a 52 week high of $18.55. The stock has a 50-day moving average of $17.66 and a 200-day moving average of $17.08.
TCP Capital Corp (NASDAQ:TCPC) last released its earnings data on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $24.59 million for the quarter, compared to the consensus estimate of $23.19 million. The company’s revenue for the quarter was up 69.9% on a year-over-year basis. Analysts expect that TCP Capital Corp will post $1.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 8.35%. The ex-dividend date is Friday, September 12th.
A number of other analysts have also recently weighed in on TCPC. Analysts at Wunderlich raised their price target on shares of TCP Capital Corp from $16.00 to $17.00 in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of TCP Capital Corp in a research note on Wednesday, July 9th. They set a “neutral” rating and a $17.00 price target on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.44.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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