TCP Capital (TCPC) Earns Media Sentiment Score of 0.14

News coverage about TCP Capital (NASDAQ:TCPC) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TCP Capital earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 47.1928044605659 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

TCP Capital (NASDAQ:TCPC) opened at $15.80 on Friday. The firm has a market capitalization of $931.86, a PE ratio of 9.16, a PEG ratio of 2.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.18 and a quick ratio of 1.18. TCP Capital has a one year low of $15.55 and a one year high of $17.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.11%. The ex-dividend date of this dividend is Thursday, December 14th. TCP Capital’s dividend payout ratio (DPR) is 102.13%.

TCP Capital declared that its board has authorized a share repurchase program on Tuesday, November 7th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the investment management company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

A number of analysts have commented on the company. Ladenburg Thalmann Financial Services assumed coverage on TCP Capital in a research report on Monday, November 20th. They issued a “buy” rating and a $17.00 price target for the company. National Securities restated a “buy” rating and issued a $19.00 price target on shares of TCP Capital in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $18.00 price objective on TCP Capital and gave the stock a “buy” rating in a research note on Friday, October 6th. BidaskClub raised TCP Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, National Bank Financial raised TCP Capital from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.00.

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TCP Capital Company Profile

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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