Ethos Financial Group LLC Acquires New Shares in Blackrock Tcp Capital Corp. $TCPC

Ethos Financial Group LLC bought a new position in shares of Blackrock Tcp Capital Corp. (NASDAQ:TCPC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 94,962 shares of the investment management company’s stock, valued at approximately $589,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. purchased a new position in shares of Blackrock Tcp Capital during the 2nd quarter worth $30,000. MTM Investment Management LLC acquired a new position in Blackrock Tcp Capital in the second quarter valued at about $46,000. Spire Wealth Management purchased a new position in Blackrock Tcp Capital during the third quarter worth about $78,000. Creative Planning acquired a new stake in shares of Blackrock Tcp Capital during the second quarter valued at about $85,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Blackrock Tcp Capital by 13.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,656 shares of the investment management company’s stock valued at $91,000 after acquiring an additional 1,352 shares during the period.

Blackrock Tcp Capital Stock Up 3.5%

Blackrock Tcp Capital stock opened at $5.57 on Friday. The firm has a market capitalization of $472.56 million, a P/E ratio of -42.85 and a beta of 0.89. The company has a current ratio of 14.55, a quick ratio of 14.55 and a debt-to-equity ratio of 1.42. Blackrock Tcp Capital Corp. has a twelve month low of $5.29 and a twelve month high of $9.48. The stock’s fifty day simple moving average is $5.72 and its 200-day simple moving average is $6.48.

Blackrock Tcp Capital (NASDAQ:TCPC) last released its earnings results on Thursday, November 6th. The investment management company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Blackrock Tcp Capital had a positive return on equity of 15.27% and a negative net margin of 4.20%.The company had revenue of $50.52 million for the quarter, compared to analyst estimates of $51.01 million. As a group, equities analysts expect that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current fiscal year.

Blackrock Tcp Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 18.0%. Blackrock Tcp Capital’s payout ratio is currently -769.23%.

Analyst Ratings Changes

TCPC has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Blackrock Tcp Capital in a report on Monday, December 29th. Wells Fargo & Company dropped their price objective on Blackrock Tcp Capital from $6.00 to $5.50 and set an “underweight” rating for the company in a research note on Monday, November 10th. Wall Street Zen raised Blackrock Tcp Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Zacks Research raised Blackrock Tcp Capital from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.50.

About Blackrock Tcp Capital

BlackRock TCP Capital Corp is a publicly traded business development company (BDC) listed on the NASDAQ under the ticker TCPC. Externally managed by BlackRock, the firm provides customized financing solutions to U.S. middle-market companies, with a focus on sponsor-backed transactions. Its core strategy centers on delivering current income and capital appreciation through a diversified portfolio of debt and equity investments across a variety of sectors, including consumer products, healthcare, business services and industrials.

Since its initial public offering in 2013, BlackRock TCP Capital has partnered with private equity sponsors to underwrite and structure senior secured first-lien loans, second-lien loans, mezzanine debt and select equity co-investments.