TCP Capital Corp (NASDAQ:TCPC) insider Mark Holdsworth bought 5,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average cost of $14.61 per share, for a total transaction of $73,050.00. Following the completion of the transaction, the insider now owns 74,465 shares of the company’s stock, valued at approximately $1,087,933.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of TCP Capital Corp (TCPC) opened at $14.78 on Thursday. TCP Capital Corp has a 52-week low of $14.09 and a 52-week high of $17.47. The stock has a market capitalization of $863.66, a PE ratio of 10.48, a PEG ratio of 1.86 and a beta of 0.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.18 and a current ratio of 1.18.

TCP Capital (NASDAQ:TCPC) last announced its earnings results on Tuesday, November 7th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. TCP Capital had a return on equity of 12.17% and a net margin of 49.53%. The business had revenue of $43.29 million for the quarter, compared to analyst estimates of $43.45 million. research analysts predict that TCP Capital Corp will post 1.57 EPS for the current year.

TCP Capital announced that its Board of Directors has authorized a stock buyback plan on Tuesday, November 7th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the investment management company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of analysts have recently issued reports on the company. BidaskClub raised TCP Capital from a “strong sell” rating to a “sell” rating in a research report on Monday. Ladenburg Thalmann Financial Services assumed coverage on TCP Capital in a research report on Monday, November 20th. They set a “buy” rating and a $17.00 target price on the stock. Finally, National Securities reaffirmed a “buy” rating and set a $19.00 target price on shares of TCP Capital in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. TCP Capital presently has a consensus rating of “Buy” and a consensus price target of $18.00.

A number of institutional investors have recently made changes to their positions in TCPC. Ameriprise Financial Inc. increased its holdings in TCP Capital by 53.3% in the second quarter. Ameriprise Financial Inc. now owns 22,577 shares of the investment management company’s stock valued at $382,000 after buying an additional 7,853 shares during the last quarter. California Public Employees Retirement System increased its holdings in TCP Capital by 17.3% in the second quarter. California Public Employees Retirement System now owns 97,800 shares of the investment management company’s stock valued at $1,653,000 after buying an additional 14,400 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in TCP Capital in the second quarter valued at about $370,000. Stifel Financial Corp increased its holdings in TCP Capital by 6.9% in the second quarter. Stifel Financial Corp now owns 127,309 shares of the investment management company’s stock valued at $2,154,000 after buying an additional 8,245 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in TCP Capital in the second quarter valued at about $189,000. 49.49% of the stock is owned by hedge funds and other institutional investors.

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TCP Capital Company Profile

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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