TCP Capital Corp Rating Reiterated by Jefferies Group (TCPC)
TCP Capital Corp (NASDAQ:TCPC)‘s stock had its “market outperform” rating restated by investment analysts at Jefferies Group in a note issued to investors on Tuesday. They currently have a $18.00 price objective on the stock, up from their previous price objective of $17.50. Jefferies Group’s price objective suggests a potential upside of 4.41% from the stock’s previous close.
TCP Capital Corp (NASDAQ:TCPC) traded down 0.41% on Tuesday, hitting $17.17. 154,844 shares of the company’s stock traded hands. TCP Capital Corp has a 52-week low of $14.87 and a 52-week high of $18.55. The stock’s 50-day moving average is $17.66 and its 200-day moving average is $17.08.
TCP Capital Corp (NASDAQ:TCPC) last issued its quarterly 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. On average, analysts predict that TCP Capital Corp will post $1.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend is Friday, September 12th.
Several other analysts have also recently commented on the stock. Analysts at JMP Securities raised their price target on shares of TCP Capital Corp from $17.50 to $18.00 in a research note on Tuesday. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.50.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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