CreativeOne Wealth LLC Raises Stock Holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

CreativeOne Wealth LLC grew its stake in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,341 shares of the investment management company’s stock after acquiring an additional 7,547 shares during the quarter. CreativeOne Wealth LLC’s holdings in BlackRock TCP Capital were worth $656,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC purchased a new stake in BlackRock TCP Capital in the fourth quarter worth approximately $38,000. McIlrath & Eck LLC purchased a new position in shares of BlackRock TCP Capital in the 3rd quarter worth $46,000. VSM Wealth Advisory LLC bought a new stake in shares of BlackRock TCP Capital in the fourth quarter worth $84,000. Entropy Technologies LP purchased a new stake in BlackRock TCP Capital during the fourth quarter valued at $115,000. Finally, SeaCrest Wealth Management LLC lifted its holdings in BlackRock TCP Capital by 18.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 14,878 shares of the investment management company’s stock valued at $130,000 after acquiring an additional 2,350 shares during the period.

Analyst Ratings Changes

A number of research firms have issued reports on TCPC. Keefe, Bruyette & Woods cut their price target on BlackRock TCP Capital from $8.50 to $7.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company cut their target price on shares of BlackRock TCP Capital from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.33.

BlackRock TCP Capital Stock Up 2.3 %

TCPC stock opened at $6.79 on Friday. The business’s 50-day moving average price is $7.98 and its 200-day moving average price is $8.49. The stock has a market cap of $577.67 million, a P/E ratio of -13.58 and a beta of 1.21. BlackRock TCP Capital Corp. has a twelve month low of $6.27 and a twelve month high of $11.52. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34.

BlackRock TCP Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.25 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.73%. BlackRock TCP Capital’s payout ratio is currently -133.33%.

Insider Transactions at BlackRock TCP Capital

In other BlackRock TCP Capital news, COO Patrick Wolfe purchased 6,100 shares of the business’s stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $8.12 per share, for a total transaction of $49,532.00. Following the purchase, the chief operating officer now owns 8,003 shares of the company’s stock, valued at approximately $64,984.36. This represents a 320.55 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Philip M. Tseng acquired 10,000 shares of the stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the transaction, the chief executive officer now directly owns 38,587 shares of the company’s stock, valued at approximately $298,663.38. This represents a 34.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 18,500 shares of company stock valued at $146,444 over the last three months. Corporate insiders own 0.16% of the company’s stock.

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.