TCP Capital Corp. (NASDAQ:TCPC) – Equities researchers at DA Davidson reduced their Q4 2016 EPS estimates for shares of TCP Capital Corp. in a research report issued on Wednesday. DA Davidson analyst A. Cyganovich now anticipates that the brokerage will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.37. DA Davidson currently has a “Buy” rating and a $18.00 price objective on the stock. DA Davidson also issued estimates for TCP Capital Corp.’s Q3 2017 earnings at $0.38 EPS and FY2017 earnings at $1.52 EPS.

TCPC has been the subject of several other reports. FBR & Co reaffirmed a “buy” rating and set a $17.50 price objective on shares of TCP Capital Corp. in a research note on Wednesday. National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of TCP Capital Corp. in a research note on Wednesday. Citigroup Inc. increased their price target on shares of TCP Capital Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Zacks Investment Research raised shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, JMP Securities increased their price target on shares of TCP Capital Corp. from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.33.

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

TCP Capital Corp. (NASDAQ:TCPC) opened at 16.55 on Friday. The stock has a 50 day moving average price of $16.21 and a 200-day moving average price of $15.63. TCP Capital Corp. has a 52 week low of $12.00 and a 52 week high of $16.78.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid 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 130.91%.

Several institutional investors have recently made changes to their positions in the stock. WFG Advisors LP boosted its stake in TCP Capital Corp. by 1.3% in the second quarter. WFG Advisors LP now owns 13,849 shares of the investment management company’s stock worth $212,000 after buying an additional 176 shares during the last quarter. Citigroup Inc. boosted its stake in TCP Capital Corp. by 2.4% in the second quarter. Citigroup Inc. now owns 26,042 shares of the investment management company’s stock worth $398,000 after buying an additional 607 shares during the last quarter. Sigma Planning Corp boosted its stake in TCP Capital Corp. by 5.9% in the third quarter. Sigma Planning Corp now owns 15,853 shares of the investment management company’s stock worth $260,000 after buying an additional 886 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in TCP Capital Corp. by 4.5% in the third quarter. Oppenheimer & Co. Inc. now owns 21,490 shares of the investment management company’s stock worth $352,000 after buying an additional 919 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC boosted its stake in TCP Capital Corp. by 1.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 85,302 shares of the investment management company’s stock worth $1,303,000 after buying an additional 1,259 shares during the last quarter. 45.69% of the stock is owned by institutional investors and hedge funds.

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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