Muzinich & Co. Inc. increased its position in shares of TCP Capital Corp. (NASDAQ:TCPC) by 34.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,616,821 shares of the investment management company’s stock after purchasing an additional 668,411 shares during the period. TCP Capital Corp. accounts for approximately 3.9% of Muzinich & Co. Inc.’s portfolio, making the stock its 9th largest position. Muzinich & Co. Inc.’s holdings in TCP Capital Corp. were worth $44,224,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. grew its stake in shares of TCP Capital Corp. by 7.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,229,000 shares of the investment management company’s stock worth $54,570,000 after purchasing an additional 214,275 shares in the last quarter. UBS Group AG grew its stake in shares of TCP Capital Corp. by 19.3% during the first quarter. UBS Group AG now owns 1,323,758 shares of the investment management company’s stock worth $23,060,000 after purchasing an additional 213,748 shares in the last quarter. Confluence Investment Management LLC grew its stake in shares of TCP Capital Corp. by 3.8% during the second quarter. Confluence Investment Management LLC now owns 763,366 shares of the investment management company’s stock worth $12,900,000 after purchasing an additional 28,203 shares in the last quarter. Ares Management LLC grew its stake in shares of TCP Capital Corp. by 0.9% during the first quarter. Ares Management LLC now owns 453,342 shares of the investment management company’s stock worth $7,897,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Yorktown Management & Research Co Inc grew its stake in shares of TCP Capital Corp. by 40.6% during the second quarter. Yorktown Management & Research Co Inc now owns 450,000 shares of the investment management company’s stock worth $7,605,000 after purchasing an additional 130,000 shares in the last quarter. Hedge funds and other institutional investors own 53.33% of the company’s stock.

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A number of equities analysts recently commented on the stock. National Bank Financial upgraded shares of TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods set a $18.00 target price on shares of TCP Capital Corp. and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub downgraded shares of TCP Capital Corp. from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, National Securities upgraded shares of TCP Capital Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $19.00 in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. TCP Capital Corp. presently has a consensus rating of “Buy” and a consensus target price of $18.20.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The company had revenue of $46.23 million during the quarter, compared to analyst estimates of $40.37 million. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%.

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

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

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