TCP Capital Corp. (NASDAQ:TCPC) – Equities research analysts at Oppenheimer Holdings cut their Q3 2017 EPS estimates for shares of TCP Capital Corp. in a research note issued to investors on Thursday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the investment management company will earn $0.38 per share for the quarter, down from their prior estimate of $0.39.

A number of other research firms also recently commented on TCPC. Zacks Investment Research downgraded TCP Capital Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.00 price objective on shares of TCP Capital Corp. in a report on Friday, April 28th. National Securities restated a “neutral” rating and set a $17.00 price objective on shares of TCP Capital Corp. in a report on Wednesday, April 26th. BidaskClub cut shares of TCP Capital Corp. from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Deutsche Bank AG raised shares of TCP Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. TCP Capital Corp. currently has a consensus rating of “Hold” and a consensus price target of $17.38.

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TCP Capital Corp. (TCPC) opened at 16.60 on Monday. The stock’s 50 day moving average price is $16.73 and its 200 day moving average price is $16.95. TCP Capital Corp. has a 52-week low of $15.33 and a 52-week high of $17.47.

TCP Capital Corp. (NASDAQ:TCPC) last released its quarterly earnings results on Thursday, August 3rd. The investment management company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. TCP Capital Corp. had a return on equity of 13.32% and a net margin of 54.74%. The business had revenue of $46.23 million during the quarter, compared to analyst estimates of $40.37 million.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 8.67%. TCP Capital Corp.’s dividend payout ratio (DPR) is 92.90%.

In other TCP Capital Corp. news, Director Brian F. Wruble purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average cost of $16.63 per share, with a total value of $166,300.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $332,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. boosted its position in TCP Capital Corp. by 7.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,229,000 shares of the investment management company’s stock worth $54,570,000 after buying an additional 214,275 shares during the last quarter. Muzinich & Co. Inc. boosted its position in TCP Capital Corp. by 26.1% in the first quarter. Muzinich & Co. Inc. now owns 1,948,410 shares of the investment management company’s stock worth $33,941,000 after buying an additional 403,805 shares during the last quarter. UBS Group AG boosted its position in TCP Capital Corp. by 19.3% in the first quarter. UBS Group AG now owns 1,323,758 shares of the investment management company’s stock worth $23,060,000 after buying an additional 213,748 shares during the last quarter. Confluence Investment Management LLC boosted its position in TCP Capital Corp. by 3.8% in the second quarter. Confluence Investment Management LLC now owns 763,366 shares of the investment management company’s stock worth $12,900,000 after buying an additional 28,203 shares during the last quarter. Finally, Ares Management LLC boosted its position in TCP Capital Corp. by 0.9% in the first quarter. Ares Management LLC now owns 453,342 shares of the investment management company’s stock worth $7,897,000 after buying an additional 4,000 shares during the last quarter. 50.94% of the stock is owned by institutional investors.

About TCP Capital Corp.

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.

Earnings History and Estimates for TCP Capital Corp. (NASDAQ:TCPC)

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