News coverage about TCP Capital Corp. (NASDAQ:TCPC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TCP Capital Corp. earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 47.0506083483835 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Placing the Spotlight on TCP Capital Corp (TCPC): Technical Stock Update - Sparta Review (spartareview.com)
- Shares Seesawing on Volume: OncoMed Pharmaceuticals Inc (OMED) and TCP Capital Corp (TCPC) - Evergreen Caller (evergreencaller.com)
- TCP Capital Corp (TCPC) Share Price Heads Below Balance Step - Sparta Review (spartareview.com)
- Trading Center: Watching Key Levels For TCP Capital Corp (TCPC) - Bulletin News (orobulletin.com)
- Indicators in the Spotlight: TCP Capital Corp (TCPC) - Wall Street Review (thewallstreetreview.com)
A number of equities analysts have issued reports on the company. National Bank Financial raised TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 7th. National Securities raised TCP Capital Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.00 to $19.00 in a research note on Monday, August 7th. BidaskClub lowered TCP Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.00 price objective on shares of TCP Capital Corp. in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised TCP Capital Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. One research 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. currently has an average rating of “Buy” and an average target price of $18.17.
Shares of TCP Capital Corp. (NASDAQ TCPC) opened at 16.61 on Friday. The stock’s 50 day moving average price is $16.68 and its 200 day moving average price is $16.93. TCP Capital Corp. has a 1-year low of $15.33 and a 1-year high of $17.47.
TCP Capital Corp. (NASDAQ:TCPC) last posted 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. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. The company had revenue of $46.23 million during the quarter, compared to analysts’ expectations of $40.37 million. On average, analysts anticipate that TCP Capital Corp. will post $1.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Thursday, September 14th. TCP Capital Corp.’s dividend payout ratio (DPR) is presently 92.90%.
In other news, Director Brian F. Wruble acquired 10,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $16.63 per share, for a total transaction of $166,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $332,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
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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