DA Davidson Initiates Coverage on TCP Capital Corp(NASDAQ:TCPC). The shares have been rated Buy. The rating by DA Davidson was issued on Sep 23, 2016.
In a different note, On Aug 17, 2016, Citigroup said it Maintains its rating on TCP Capital Corp. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on TCP Capital Corp. In the research note, the firm Raises the price-target to $14.75 per share. The shares have been rated ‘Hold’ by the firm. On Aug 10, 2016, JMP Securities said it Maintains its rating on TCP Capital Corp. In the research note, the firm Raises the price-target to $16.50 per share. The shares have been rated ‘Market Outperform’ by the firm.
TCP Capital Corp (TCPC) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.06% at a volume of 1,14,013. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.48. The peak price level was also seen at $16.48 while the days lowest was $16.33. Finally the shares closed at $16.37. The 52-week high of the shares is $16.78 while the 52-week low is $12. According to the latest information available, the market cap of the company is $830 M.
TCP Capital Corp(TCPC) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $35.59M. Analysts had an estimated revenue of $35.49M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.39.
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.