BlackRock TCP Capital Corp (NASDAQ: TCPC) is -25.91% lower on its value in year-to-date trading and has touched a low of $7.71 and a high of $12.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TCPC stock was last observed hovering at around $7.80 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $8.55, the stock is 4.10% and 1.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 9.62% at the moment leaves the stock -14.62% off its SMA200. TCPC registered -23.19% loss for a year compared to 6-month loss of -18.73%. The firm has a 50-day simple moving average (SMA 50) of $8.4486 and a 200-day simple moving average (SMA200) of $10.02995.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 5.95% gain in the last 1 month and extending the period to 3 months gives it a -6.35%, and is 4.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.90% over the week and 2.02% over the month.
Fwd P/E is 5.98. Distance from 52-week low is 10.89% and -29.80% from its 52-week high.
The EPS is expected to shrink by -11.40% this year
159.0 institutions hold shares in BlackRock TCP Capital Corp (TCPC), with institutional investors hold 19.90% of the company’s shares. The shares outstanding are 85.59M, and float is at 85.32M with Short Float at 2.12%. Institutions hold 19.84% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 1.96 million shares valued at $21.2 million. The investor’s holdings represent 3.1644 of the TCPC Shares outstanding. As of 2024-06-30, the second largest holder is TWO SIGMA ADVISERS, LP with 1.03 million shares valued at $11.13 million to account for 1.6612 of the shares outstanding. The other top investors are INVESCO LTD. which holds 1.03 million shares representing 1.6538 and valued at over $11.08 million, while MORGAN STANLEY holds 1.596 of the shares totaling 0.99 million with a market value of $10.69 million.
BlackRock TCP Capital Corp (TCPC) Insider Activity
The most recent transaction is an insider purchase by Tseng Philip M, the company’s Director and President. SEC filings show that Tseng Philip M bought 10,000 shares of the company’s common stock on Sep 10 ’24 at a price of $9.10 per share for a total of $91000.0. Following the purchase, the insider now owns 27481.0 shares.
BlackRock TCP Capital Corp disclosed in a document filed with the SEC on Sep 06 ’24 that Tseng Philip M (Director and President) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 06 ’24 and was made at $9.07 per share for $45350.0. Following the transaction, the insider now directly holds 17481.0 shares of the TCPC stock.
Still, SEC filings show that on Aug 29 ’24, Vig Rajneesh (CEO and Chairman of the Board) acquired 25,000 shares at an average price of $9.09 for $0.23 million. The insider now directly holds 130,930 shares of BlackRock TCP Capital Corp (TCPC).
