Is BlackRock TCP Capital Corp. (TCPC) a great play right now?

On Thursday, shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) marked $8.98 per share versus a previous $9.02 closing price. With having a -0.44% loss, an insight into the fundamental values of BlackRock TCP Capital Corp., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. TCPC showed a fall of -36.09% within its YTD performance, with highs and lows between $4.02 – $14.76 during the period of 52 weeks, compared to the simple moving average of -23.56% in the period of the last 200 days.

Raymond James equity researchers changed the status of BlackRock TCP Capital Corp. (NASDAQ: TCPC) shares from “Outperform” to a “Mkt Perform” rating in the report published on June 24th, 2020. Other analysts, including Keefe Bruyette, also published their reports on TCPC shares. Keefe Bruyette repeated the rating from the previous report, marking TCPC under “Mkt Perform” rating, in the report published on March 31st, 2020. Additionally, TCPC shares got another “Equal Weight” rating from Wells Fargo, setting a target price of $14.50 on the company’s shares, according to the report published in January 15th, 2020. On the other hand, National Bank Financial Upgrade the “Outperform” rating for TCPC shares, as published in the report on August 7th, 2017. Deutsche Bank seems to be going bullish on the price of TCPC shares, based on the price prediction for TCPC, indicating that the shares will jump to $18, giving the shares “Buy” rating based on their report from May 11th, 2017. Another “Outperform” rating came from FBR Capital, providing a prediction for $18 price target according to the report published in August 10th, 2016.

BlackRock TCP Capital Corp. (TCPC) Analysis

The present dividend yield for TCPC owners is set at 0.16, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -13.10%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of BlackRock TCP Capital Corp. (TCPC) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -8.20% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while TCPC is currently recording an average of 449.96K in volumes. The volatility of the stock on monthly basis is set at 4.97%, while the weekly volatility levels are marked at 3.75%with 1.93% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $10.43, indicating growth from the present price of $8.98, which can represent yet another valuable research and analysis points that can help you decide whether to invest in TCPC or pass.

What to Look for When Analyzing BlackRock TCP Capital Corp. Shares?

BlackRock TCP Capital Corp. (TCPC) is based in the USA and it represents one of the well-known company operating with Financial sector. If you wish to compare TCPC shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for BlackRock TCP Capital Corp., while the value 6.97 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -1.07 is supported by the yearly EPS growth of -32.70%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.20%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 33.10% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in TCPC Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in TCPC in the recent period. That is how Barings LLC now has an increase position in TCPC by — in the first quarter, owning 1.6 million shares of TCPC stocks, with the value of $16.35 million after the purchase of an additional 1,603,372 shares during the last quarter. In the meanwhile, Michigan Department of Treasury also increased their stake in TCPC shares changed 0.00% in the first quarter, which means that the company now owns 1.55 million shares of company, all valued at $15.79 million after the acquisition of additional 0 shares during the last quarter.

Cliffwater LLC acquired a new position in BlackRock TCP Capital Corp. during the first quarter, with the value of $9.26 million, and Van Eck Associates Corp. increased their stake in the company’s shares by 4.14% in the first quarter, now owning 26,936 shares valued at $6.91 million after the acquisition of the additional 677033 shares during the last quarter. In the end, Two Sigma Advisers LP increased their position by 5.10% during the first quarter, now owning 562444 TCPC shares, now holding the value of $5.74 million in TCPC with the purchase of the additional 162,400 shares during the period of the last quarter. At the present, 33.10% of TCPC shares are in the ownership of institutional investors.