TCP Capital Corp (NASDAQ:TCPC) has been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.00.

TCPC has been the subject of several research reports. Keefe, Bruyette & Woods set a $18.00 target price on TCP Capital and gave the stock a “buy” rating in a report on Friday, October 6th. Ladenburg Thalmann Financial Services assumed coverage on TCP Capital in a research note on Monday, November 20th. They set a “buy” rating and a $17.00 price objective for the company. Finally, National Securities restated a “buy” rating and set a $19.00 price objective on shares of TCP Capital in a research note on Thursday, November 9th.

Shares of TCP Capital (NASDAQ:TCPC) opened at $15.40 on Friday. TCP Capital has a 1-year low of $14.98 and a 1-year high of $17.47. The firm has a market capitalization of $905.40, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.92 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.18 and a quick ratio of 1.18.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date of this dividend was Thursday, December 14th. TCP Capital’s dividend payout ratio (DPR) is currently 105.11%.

TCP Capital announced that its Board of Directors has authorized a share repurchase program on Tuesday, November 7th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the investment management company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of TCP Capital during the 2nd quarter worth $182,000. HighTower Advisors LLC purchased a new stake in shares of TCP Capital during the 2nd quarter worth $189,000. Global X MANAGEMENT CO LLC lifted its stake in shares of TCP Capital by 51.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 11,472 shares of the investment management company’s stock worth $189,000 after purchasing an additional 3,894 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of TCP Capital during the 3rd quarter worth $190,000. Finally, Hartland & Co. LLC purchased a new stake in shares of TCP Capital during the 3rd quarter worth $218,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

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TCP Capital 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 (NASDAQ:TCPC)

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