Shares of TCP Capital Corp (NASDAQ:TCPC) have earned an average rating of “Hold” from the eight brokerages that are covering the stock. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.92.
A number of brokerages have recently issued reports on TCPC. FBR & Co raised their price objective on TCP Capital Corp to $18.00 in a research report on Friday, January 20th. Zacks Investment Research cut TCP Capital Corp from a “hold” rating to a “sell” rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.00 target price on shares of TCP Capital Corp in a research note on Friday, April 28th. Finally, National Securities reaffirmed a “neutral” rating and set a $17.00 target price on shares of TCP Capital Corp in a research note on Wednesday, March 1st.
TCP Capital Corp (NASDAQ:TCPC) traded up 1.37% during trading on Wednesday, hitting $16.98. The stock had a trading volume of 211,203 shares. The company has a 50-day moving average of $17.12 and a 200 day moving average of $16.85. The company has a market cap of $900.64 million, a price-to-earnings ratio of 11.34 and a beta of 0.68. TCP Capital Corp has a 52 week low of $14.11 and a 52 week high of $17.47.
In other TCP Capital Corp news, Director Kathleen A. Corbet bought 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The stock was acquired at an average price of $16.54 per share, with a total value of $57,890.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Eagle Global Advisors LLC boosted its stake in TCP Capital Corp by 19.2% in the third quarter. Eagle Global Advisors LLC now owns 24,160 shares of the investment management company’s stock valued at $396,000 after buying an additional 3,890 shares in the last quarter. Nationwide Fund Advisors boosted its stake 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 valued at $703,000 after buying an additional 5,300 shares in the last quarter. Two Sigma Investments LP boosted its stake in TCP Capital Corp by 3.6% in the fourth quarter. Two Sigma Investments LP now owns 162,087 shares of the investment management company’s stock valued at $2,739,000 after buying an additional 5,679 shares in the last quarter. Nuveen Fund Advisors LLC boosted its stake in TCP Capital Corp by 9.1% in the third quarter. Nuveen Fund Advisors LLC now owns 122,035 shares of the investment management company’s stock valued at $1,999,000 after buying an additional 10,196 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in TCP Capital Corp during the fourth quarter valued at approximately $174,000. 54.87% of the stock is owned by institutional investors and hedge funds.
TCP Capital Corp 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.