TCP Capital Corp. (NASDAQ:TCPC) – Equities research analysts at FBR & Co increased their Q1 2017 earnings per share estimates for shares of TCP Capital Corp. in a report issued on Wednesday. FBR & Co analyst C. Nolan now expects that the firm will earn $0.41 per share for the quarter, up from their previous estimate of $0.40. FBR & Co currently has a “Buy” rating and a $17.50 target price on the stock. FBR & Co also issued estimates for TCP Capital Corp.’s Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.40 EPS, Q4 2017 earnings at $0.40 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.41 EPS and FY2018 earnings at $1.63 EPS.

TCP Capital Corp. (NASDAQ:TCPC) last announced its quarterly earnings results on Tuesday, November 8th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. TCP Capital Corp. had a return on equity of 13.16% and a net margin of 40.54%.

Earnings History and Estimates for TCP Capital Corp. (NASDAQ:TCPC)

A number of other research analysts have also recently commented on TCPC. Deutsche Bank AG upped their price objective on TCP Capital Corp. from $14.75 to $15.50 and gave the company a “hold” rating in a report on Wednesday, August 10th. JMP Securities upped their price objective on TCP Capital Corp. from $16.50 to $17.00 and gave the company a “market outperform” rating in a report on Wednesday, August 10th. National Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of TCP Capital Corp. in a report on Wednesday, August 10th. Zacks Investment Research upgraded TCP Capital Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Citigroup Inc. upped their price objective on TCP Capital Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.33.

TCP Capital Corp. (NASDAQ:TCPC) opened at 16.55 on Friday. TCP Capital Corp. has a one year low of $12.00 and a one year high of $16.78. The stock has a 50 day moving average price of $16.21 and a 200-day moving average price of $15.63.

Several hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in TCP Capital Corp. by 0.9% in the second quarter. Alliancebernstein L.P. now owns 1,118,613 shares of the investment management company’s stock worth $17,092,000 after buying an additional 10,311 shares in the last quarter. Advisors Capital Management LLC raised its stake in TCP Capital Corp. by 7.9% in the second quarter. Advisors Capital Management LLC now owns 182,029 shares of the investment management company’s stock worth $2,781,000 after buying an additional 13,284 shares in the last quarter. BlackRock Group LTD raised its stake in TCP Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 262,161 shares of the investment management company’s stock worth $4,006,000 after buying an additional 33,346 shares in the last quarter. Prudential Financial Inc. bought a new stake in TCP Capital Corp. during the second quarter worth $312,000. Finally, Mckinley Capital Management LLC Delaware raised its stake in TCP Capital Corp. by 15.6% in the second quarter. Mckinley Capital Management LLC Delaware now owns 186,257 shares of the investment management company’s stock worth $2,846,000 after buying an additional 25,108 shares in the last quarter. 45.69% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend is Wednesday, December 14th. TCP Capital Corp.’s dividend payout ratio is currently 130.91%.

TCP Capital Corp. Company Profile

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.

5 Day Chart for NASDAQ:TCPC

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