D.A. Davidson & CO. Sells 17,952 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

D.A. Davidson & CO. lessened its holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 467,506 shares of the investment management company’s stock after selling 17,952 shares during the period. D.A. Davidson & CO.’s holdings in BlackRock TCP Capital were worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in shares of BlackRock TCP Capital by 189.3% in the 3rd quarter. Jane Street Group LLC now owns 36,457 shares of the investment management company’s stock worth $302,000 after purchasing an additional 23,857 shares during the period. Columbus Macro LLC bought a new position in shares of BlackRock TCP Capital in the 4th quarter worth approximately $4,177,000. EP Wealth Advisors LLC bought a new position in shares of BlackRock TCP Capital in the 3rd quarter worth approximately $526,000. Paloma Partners Management Co bought a new position in shares of BlackRock TCP Capital in the 3rd quarter worth approximately $608,000. Finally, Van ECK Associates Corp lifted its stake in shares of BlackRock TCP Capital by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,202,733 shares of the investment management company’s stock worth $19,186,000 after purchasing an additional 95,603 shares during the period.

BlackRock TCP Capital Trading Up 0.2 %

BlackRock TCP Capital stock opened at $9.44 on Friday. The firm has a 50 day moving average of $8.94 and a 200 day moving average of $8.82. The firm has a market capitalization of $807.97 million, a price-to-earnings ratio of -18.88 and a beta of 1.50. BlackRock TCP Capital Corp. has a 12-month low of $7.71 and a 12-month high of $11.52. The company has a current ratio of 39.37, a quick ratio of 39.37 and a debt-to-equity ratio of 1.34.

Insider Buying and Selling

In related news, President Jason Mehring acquired 4,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $9.30 per share, with a total value of $41,850.00. Following the acquisition, the president now directly owns 19,914 shares in the company, valued at $185,200.20. This represents a 29.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

TCPC has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

BlackRock TCP Capital Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.