TCP Capital Corp. (NASDAQ:TCPC) has received an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.33.

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.00 price objective on shares of TCP Capital Corp. in a research note on Friday, April 28th. Deutsche Bank AG upgraded shares of TCP Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. National Securities restated a “neutral” rating and set a $17.00 price objective on shares of TCP Capital Corp. in a research note on Wednesday, April 26th. Finally, BidaskClub lowered shares of TCP Capital Corp. from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.

Shares of TCP Capital Corp. (TCPC) opened at 16.53 on Friday. TCP Capital Corp. has a 52-week low of $15.33 and a 52-week high of $17.47. The stock’s 50 day moving average is $16.82 and its 200 day moving average is $16.97.

TCP Capital Corp. (NASDAQ:TCPC) last issued its quarterly earnings results on Tuesday, May 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. TCP Capital Corp. had a net margin of 58.13% and a return on equity of 12.48%. The company had revenue of $39.34 million during the quarter, compared to analysts’ expectations of $38.75 million. On average, analysts anticipate that TCP Capital Corp. will post $1.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.44 dividend on an annualized basis and a yield of 8.71%. TCP Capital Corp.’s dividend payout ratio is currently 88.34%.

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In related news, Director Brian F. Wruble purchased 10,000 shares of TCP Capital Corp. stock in a transaction dated Friday, June 23rd. The stock was purchased at an average cost of $16.63 per share, for a total transaction of $166,300.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $332,600. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in TCPC. Global X Management Co. LLC raised its stake in shares of TCP Capital Corp. by 49.8% in the first quarter. Global X Management Co. LLC now owns 7,578 shares of the investment management company’s stock worth $132,000 after buying an additional 2,520 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of TCP Capital Corp. during the first quarter worth approximately $420,000. Shelton Capital Management bought a new stake in shares of TCP Capital Corp. during the first quarter worth approximately $523,000. Nationwide Fund Advisors raised its stake in shares of TCP Capital Corp. by 15.1% in the first quarter. Nationwide Fund Advisors now owns 40,359 shares of the investment management company’s stock worth $703,000 after buying an additional 5,300 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of TCP Capital Corp. during the first quarter worth approximately $706,000. Hedge funds and other institutional investors own 50.55% of the company’s stock.

TCP Capital Corp. Company Profile

TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.

Analyst Recommendations for TCP Capital Corp. (NASDAQ:TCPC)

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