BlackRock TCP Capital (NASDAQ:TCPC) Lowered to “Sell” Rating by StockNews.com

BlackRock TCP Capital (NASDAQ:TCPC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods decreased their price target on BlackRock TCP Capital from $9.00 to $8.50 and set a “market perform” rating for the company in a research note on Friday. Wells Fargo & Company decreased 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. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.67.

BlackRock TCP Capital Trading Down 0.9 %

Shares of BlackRock TCP Capital stock traded down $0.07 during trading on Tuesday, hitting $8.15. The company’s stock had a trading volume of 922,231 shares, compared to its average volume of 576,326. The stock has a market cap of $697.57 million, a price-to-earnings ratio of -16.30 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 has a 52 week low of $7.71 and a 52 week high of $11.52. The stock has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $8.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TCPC. CF Capital LLC acquired a new position in shares of BlackRock TCP Capital during the fourth quarter valued at about $243,000. Balyasny Asset Management L.P. bought a new stake in BlackRock TCP Capital in the 4th quarter valued at about $177,000. Jane Street Group LLC raised its stake in BlackRock TCP Capital by 291.5% during the 4th quarter. Jane Street Group LLC now owns 142,714 shares of the investment management company’s stock worth $1,243,000 after buying an additional 106,257 shares during the period. Talon Private Wealth LLC bought a new position in BlackRock TCP Capital in the fourth quarter worth approximately $276,000. Finally, Aquatic Capital Management LLC grew its stake in BlackRock TCP Capital by 146.4% in the fourth quarter. Aquatic Capital Management LLC now owns 34,000 shares of the investment management company’s stock valued at $296,000 after acquiring an additional 20,200 shares during the period.

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.