TCP Capital Corp(NASDAQ:TCPC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $35.59M. Analysts estimated a revenue of $35.49M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.39.
In a different note, On May 12, 2016, Deutsche Bank said it Maintains its rating on TCP Capital Corp. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Hold’ by the firm.
TCP Capital Corp (TCPC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.57% or 0.09 points. Due to strong positive momentum, the stock ended at $16.01, which is also near the day’s high of $16.07. The stock began the session at $16.01 and the volume stood at 1,27,378 shares. The 52-week high of the shares is $16.13 and the 52 week low is $12. The company has a current market capitalization of $812 M and it has 5,07,05,049 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On May 31, 2016, Paul L Davis (CFO) purchased 500 shares at $14.48 per share price.Also, On May 20, 2016, Howard Levkowitz (CEO) purchased 5,000 shares at $14.54 per share price.On Jan 25, 2016, Eric John Draut (director) purchased 1,000 shares at $12.96 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company invests in basic chemical manufacturing; wired telecommunications carriers; retail; insurance carriers; computer equipment manufacturing; specialty hospitals; business support services; gaming industries and motion picture and video industries. It seeks to achieve its investment objective primarily through investments in debt securities of middle-market companies and invests in between $100 million-$1.5 billion. At December 31 2014 its investment portfolio consisted of approximately 84 portfolio companies. The Fund’s investment adviser is Tennenbaum Capital Partners LLC.