TCP Capital Corp. (NASDAQ:TCPC)‘s stock had its “buy” rating reiterated by research analysts at FBR & Co in a research report issued to clients and investors on Wednesday. They currently have a $17.50 price objective on the investment management company’s stock. FBR & Co’s price target indicates a potential upside of 6.06% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. National Securities reissued a “buy” rating and set a $17.00 target price on shares of TCP Capital Corp. in a research report on Wednesday. DA Davidson reissued a “buy” rating and set a $18.00 target price on shares of TCP Capital Corp. in a research report on Thursday, September 22nd. Zacks Investment Research raised shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Deutsche Bank AG lifted their target price on shares of TCP Capital Corp. from $14.75 to $15.50 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Finally, JMP Securities lifted their target price on shares of TCP Capital Corp. from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.33.

Analyst Recommendations for TCP Capital Corp. (NASDAQ:TCPC)

Shares of TCP Capital Corp. (NASDAQ:TCPC) opened at 16.50 on Wednesday. The company’s 50-day moving average price is $16.21 and its 200-day moving average price is $15.61. TCP Capital Corp. has a 12 month low of $12.00 and a 12 month high of $16.78.

TCP Capital Corp. (NASDAQ:TCPC) last posted its earnings results on Tuesday, November 8th. The investment management company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. TCP Capital Corp. had a net margin of 40.54% and a return on equity of 13.43%. Equities research analysts anticipate that TCP Capital Corp. will post $1.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $1.44 dividend on an annualized basis and a yield of 8.73%. TCP Capital Corp.’s dividend payout ratio is 130.91%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD raised its position in TCP Capital Corp. by 6.8% in the first quarter. BlackRock Group LTD now owns 228,815 shares of the investment management company’s stock worth $3,412,000 after buying an additional 14,607 shares in the last quarter. Sigma Planning Corp acquired a new position in TCP Capital Corp. during the second quarter worth $229,000. Confluence Investment Management LLC raised its position in TCP Capital Corp. by 0.9% in the second quarter. Confluence Investment Management LLC now owns 682,954 shares of the investment management company’s stock worth $10,436,000 after buying an additional 5,958 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new position in TCP Capital Corp. during the second quarter worth $179,000. Finally, Wedbush Securities Inc. raised its position in TCP Capital Corp. by 11.8% in the second quarter. Wedbush Securities Inc. now owns 24,009 shares of the investment management company’s stock worth $367,000 after buying an additional 2,535 shares in the last quarter. Institutional investors and hedge funds own 45.69% of the company’s stock.

About TCP Capital Corp.

TCP Capital Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The Company invests in debt securities of middle-market companies.

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