TCP Capital Corp (NASDAQ:TCPC) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the company, AnalystRatings.Net reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $17.06.
In other TCP Capital Corp news, Director Peter E. Schwab acquired 3,500 shares of TCP Capital Corp stock in a transaction that occurred on Friday, December 18th. The shares were bought at an average price of $14.07 per share, with a total value of $49,245.00. Following the completion of the purchase, the director now directly owns 8,500 shares in the company, valued at approximately $119,595. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian F. Wruble acquired 6,000 shares of TCP Capital Corp stock in a transaction that occurred on Wednesday, November 11th. The stock was acquired at an average cost of $15.14 per share, for a total transaction of $90,840.00. Following the purchase, the director now owns 7,000 shares of the company’s stock, valued at $105,980. The disclosure for this purchase can be found here.
TCPC has been the topic of a number of recent research reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $17.50 price objective on shares of TCP Capital Corp in a research report on Monday, December 7th. TheStreet upgraded TCP Capital Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, November 25th. Oppenheimer set a $16.00 price objective on TCP Capital Corp and gave the company an “outperform” rating in a research report on Thursday, November 26th. Finally, Zacks Investment Research lowered TCP Capital Corp from a “buy” rating to a “hold” rating in a research report on Thursday, November 5th.
Shares of TCP Capital Corp (NASDAQ:TCPC) traded down 1.543% during midday trading on Monday, hitting $13.715. The stock had a trading volume of 13,760 shares. The stock has a 50 day moving average price of $14.67 and a 200-day moving average price of $15.01. TCP Capital Corp has a 52 week low of $13.16 and a 52 week high of $16.93.
TCP Capital Corp (NASDAQ:TCPC) last released its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. Equities analysts predict that TCP Capital Corp will post $1.61 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 10.34%. The ex-dividend date was Tuesday, December 15th.
TCP Capital Corp. is an externally-managed non-diversified closed-end management investment company. The Company is focused on middle-market lending. The Company’s investment objective is to achieve total returns through current income and capital appreciation, with an emphasis on principal protection. Its primary investment focus is the origination of and investment in debt securities of middle-market companies. The Company’s investment advisor is Tennenbaum Capital Partners, LLC.