TCP Capital Corp. (NASDAQ:TCPC)‘s stock had its “buy” rating reaffirmed by JMP Securities in a report released on Friday.

Several other equities analysts have also recently commented on the stock. FBR & Co restated a “buy” rating and issued a $17.50 target price on shares of TCP Capital Corp. in a research report on Wednesday, November 9th. DA Davidson restated a “buy” rating and issued a $18.00 target price on shares of TCP Capital Corp. in a research report on Thursday, September 22nd. National Securities restated a “buy” rating and issued a $17.00 target price on shares of TCP Capital Corp. in a research report on Thursday, September 22nd. Zacks Investment Research upgraded shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, Deutsche Bank AG boosted their target price on shares of TCP Capital Corp. from $14.75 to $15.50 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company 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 16.31 on Friday. The stock’s 50 day moving average is $16.21 and its 200 day moving average is $15.65. TCP Capital Corp. has a 1-year low of $12.00 and a 1-year high of $16.78.

TCP Capital Corp. (NASDAQ:TCPC) last posted its quarterly earnings data 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 net margin of 40.54% and a return on equity of 13.16%. Analysts anticipate that TCP Capital Corp. will post $1.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 8.83%. The ex-dividend date of this dividend is Wednesday, December 14th. TCP Capital Corp.’s dividend payout ratio (DPR) is currently 130.91%.

A number of institutional investors have recently made changes to their positions in TCPC. Alliancebernstein L.P. boosted its position in shares of 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 valued at $17,092,000 after buying an additional 10,311 shares during the period. Advisors Capital Management LLC boosted its position in shares of 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 valued at $2,781,000 after buying an additional 13,284 shares during the period. BlackRock Group LTD boosted its position in shares of 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 valued at $4,006,000 after buying an additional 33,346 shares during the period. Prudential Financial Inc. acquired a new position in shares of TCP Capital Corp. during the second quarter valued at about $312,000. Finally, Mckinley Capital Management LLC Delaware boosted its position in shares of 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 valued at $2,846,000 after buying an additional 25,108 shares during the period. Hedge funds and other institutional investors own 46.86% of the company’s stock.

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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