Fort Washington Investment Advisors Inc. OH boosted its stake in BlackRock TCP Capital Corp (NASDAQ:TCPC) by 24.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 225,472 shares of the investment management company’s stock after acquiring an additional 44,544 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.38% of BlackRock TCP Capital worth $2,940,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in TCPC. Cliffwater LLC grew its stake in BlackRock TCP Capital by 75.0% in the 3rd quarter. Cliffwater LLC now owns 504,651 shares of the investment management company’s stock valued at $7,181,000 after acquiring an additional 216,256 shares during the period. Dubuque Bank & Trust Co. acquired a new stake in BlackRock TCP Capital in the 4th quarter valued at $1,686,000. Bramshill Investments LLC acquired a new stake in BlackRock TCP Capital in the 3rd quarter valued at $1,506,000. Acadian Asset Management LLC acquired a new stake in BlackRock TCP Capital in the 3rd quarter valued at $1,019,000. Finally, Confluence Investment Management LLC grew its stake in BlackRock TCP Capital by 9.3% in the 4th quarter. Confluence Investment Management LLC now owns 816,269 shares of the investment management company’s stock valued at $10,644,000 after acquiring an additional 69,485 shares during the period. 43.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TCPC stock opened at $14.40 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $846.35 million, a price-to-earnings ratio of 7.24, a PEG ratio of 1.76 and a beta of 0.80. BlackRock TCP Capital Corp has a fifty-two week low of $12.52 and a fifty-two week high of $14.98.
In other news, CEO Howard Levkowitz acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 16th. The shares were bought at an average price of $13.89 per share, for a total transaction of $69,450.00. Following the acquisition, the chief executive officer now owns 119,144 shares of the company’s stock, valued at approximately $1,654,910.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rajneesh Vig acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was purchased at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the acquisition, the insider now directly owns 49,750 shares in the company, valued at approximately $642,770. The disclosure for this purchase can be found here. Insiders acquired a total of 40,725 shares of company stock worth $549,244 in the last 90 days. 11.40% of the stock is currently owned by insiders.
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BlackRock TCP Capital Company Profile
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.
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