Neuberger Berman Group LLC boosted its position in TCP Capital Corp. (NASDAQ:TCPC) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 331,400 shares of the investment management company’s stock after purchasing an additional 15,450 shares during the period. Neuberger Berman Group LLC’s holdings in TCP Capital Corp. were worth $5,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TCPC. Nationwide Fund Advisors lifted its position in TCP Capital Corp. by 15.1% in the first quarter. Nationwide Fund Advisors now owns 40,359 shares of the investment management company’s stock worth $703,000 after purchasing an additional 5,300 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in TCP Capital Corp. by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 63,921 shares of the investment management company’s stock worth $1,114,000 after purchasing an additional 1,035 shares during the period. Mckinley Capital Management LLC Delaware lifted its position in TCP Capital Corp. by 4.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 234,678 shares of the investment management company’s stock worth $4,088,000 after purchasing an additional 10,319 shares during the period. Muzinich & Co. Inc. lifted its position in TCP Capital Corp. by 26.1% in the first quarter. Muzinich & Co. Inc. now owns 1,948,410 shares of the investment management company’s stock worth $33,941,000 after purchasing an additional 403,805 shares during the period. Finally, Van ECK Associates Corp lifted its position in TCP Capital Corp. by 20.1% in the first quarter. Van ECK Associates Corp now owns 328,545 shares of the investment management company’s stock worth $5,723,000 after purchasing an additional 55,035 shares during the period. Hedge funds and other institutional investors own 53.47% of the company’s stock.

TCPC has been the subject of a number of research analyst reports. National Securities upgraded TCP Capital Corp. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $17.00 to $19.00 in a research report on Monday, August 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $18.00 target price on shares of TCP Capital Corp. in a research report on Tuesday, July 25th. Zacks Investment Research upgraded TCP Capital Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. National Bank Financial upgraded TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 7th. Finally, BidaskClub upgraded TCP Capital Corp. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. TCP Capital Corp. has a consensus rating of “Buy” and an average target price of $18.17.

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In other TCP Capital Corp. news, Director Brian F. Wruble acquired 10,000 shares of TCP Capital Corp. stock in a transaction on Friday, June 23rd. The shares were purchased at an average cost of $16.63 per share, with a total value of $166,300.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $332,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.

Shares of TCP Capital Corp. (NASDAQ:TCPC) opened at 16.19 on Tuesday. TCP Capital Corp. has a 12 month low of $15.33 and a 12 month high of $17.47. The stock’s 50 day moving average price is $16.61 and its 200-day moving average price is $16.90.

TCP Capital Corp. (NASDAQ:TCPC) last announced its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. The firm had revenue of $46.23 million for the quarter, compared to analysts’ expectations of $40.37 million. On average, equities research analysts expect that TCP Capital Corp. will post $1.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 8.89%. TCP Capital Corp.’s payout ratio is presently 92.90%.

About TCP Capital Corp.

TCP Capital Corp. is an externally managed, 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. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.

Institutional Ownership by Quarter for TCP Capital Corp. (NASDAQ:TCPC)

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