Somewhat Favorable Media Coverage Somewhat Unlikely to Impact TCP Capital (TCPC) Stock Price

Media headlines about TCP Capital (NASDAQ:TCPC) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TCP Capital earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 47.0461570138354 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Shares of TCP Capital stock opened at $14.29 on Tuesday. TCP Capital has a 1 year low of $13.72 and a 1 year high of $17.35. The firm has a market cap of $837.40, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 1.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.56 and a quick ratio of 5.56.

TCP Capital (NASDAQ:TCPC) last announced its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.12. TCP Capital had a return on equity of 12.63% and a net margin of 42.13%. The business had revenue of $47.11 million during the quarter, compared to the consensus estimate of $44.77 million. sell-side analysts forecast that TCP Capital will post 1.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 10.08%. The ex-dividend date was Thursday, March 15th. TCP Capital’s dividend payout ratio is 72.36%.

TCP Capital announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 27th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the investment management company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Several research firms have recently commented on TCPC. BidaskClub raised TCP Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. ValuEngine downgraded TCP Capital from a “buy” rating to a “hold” rating in a report on Thursday, March 15th. JMP Securities cut their price objective on TCP Capital from $17.50 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, March 1st. Wells Fargo cut their price objective on TCP Capital from $17.25 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, National Securities reissued a “buy” rating and issued a $19.00 price objective on shares of TCP Capital in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.67.

In other TCP Capital news, CEO Howard Levkowitz purchased 7,900 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was acquired at an average price of $15.28 per share, with a total value of $120,712.00. Following the acquisition, the chief executive officer now directly owns 99,657 shares of the company’s stock, valued at approximately $1,522,758.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathleen A. Corbet purchased 2,500 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were acquired at an average cost of $15.22 per share, with a total value of $38,050.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at $380,500. The disclosure for this purchase can be found here. Insiders have acquired a total of 26,400 shares of company stock valued at $393,692 in the last ninety days. Insiders own 0.56% of the company’s stock.

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About TCP Capital

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.

Insider Buying and Selling by Quarter for TCP Capital (NASDAQ:TCPC)

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