TCP Capital Corp Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:TCPC)
Shares of TCP Capital Corp (NASDAQ:TCPC) have been given a consensus rating of “Buy” by the eleven ratings firms that are covering the company, StockRatingsNetwork reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.67.
A number of research firms have recently commented on TCPC. Analysts at Raymond James reiterated an “outperform” rating on shares of TCP Capital Corp in a research note on Tuesday. They now have a $18.50 price target on the stock, up previously from $17.00. Separately, analysts at Jefferies Group reiterated a “market outperform” rating on shares of TCP Capital Corp in a research note on Tuesday. They now have a $18.00 price target on the stock, up previously from $17.50. Finally, 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.
Shares of TCP Capital Corp (NASDAQ:TCPC) opened at 17.09 on Monday. TCP Capital Corp has a 1-year low of $14.87 and a 1-year high of $18.55. The stock’s 50-day moving average is $17.61 and its 200-day moving average is $17.08.
TCP Capital Corp (NASDAQ:TCPC) last announced its earnings results on Thursday, August 7th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 69.9% on a year-over-year basis. Analysts expect that TCP Capital Corp will post $1.55 EPS 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 8.36%. The ex-dividend date of this dividend is Friday, September 12th.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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