Verus Capital Partners LLC Purchases 6,910 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Verus Capital Partners LLC grew its position in BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,214 shares of the investment management company’s stock after acquiring an additional 6,910 shares during the quarter. Verus Capital Partners LLC’s holdings in BlackRock TCP Capital were worth $472,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in BlackRock TCP Capital in the 4th quarter worth about $38,000. McIlrath & Eck LLC purchased a new stake in shares of BlackRock TCP Capital in the third quarter worth approximately $46,000. Quantbot Technologies LP bought a new stake in shares of BlackRock TCP Capital during the 3rd quarter worth approximately $79,000. MeadowBrook Investment Advisors LLC boosted its holdings in BlackRock TCP Capital by 22.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,970 shares during the period. Finally, Verdence Capital Advisors LLC bought a new position in BlackRock TCP Capital in the 3rd quarter valued at $100,000.

BlackRock TCP Capital Stock Performance

TCPC stock opened at $8.44 on Friday. BlackRock TCP Capital Corp. has a 1-year low of $7.71 and a 1-year high of $11.52. The business has a 50-day moving average price of $8.97 and a 200 day moving average price of $8.81. The company has a market capitalization of $722.39 million, a P/E ratio of -16.88 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37.

BlackRock TCP Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 11.85%. BlackRock TCP Capital’s dividend payout ratio is currently -272.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Monday, November 18th. Keefe, Bruyette & Woods lowered their price objective on shares of BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating for the company in a research report on Friday. Finally, Wells Fargo & Company reduced their target price on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.67.

About BlackRock TCP Capital

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.