TCP Capital (TCPC) Receiving Somewhat Favorable Media Coverage, Report Finds

Media headlines about TCP Capital (NASDAQ:TCPC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TCP Capital earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 46.9834851979615 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities research analysts have recently commented on TCPC shares. 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 shares of TCP Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Ladenburg Thalmann Financial Services assumed coverage on shares of TCP Capital in a report on Monday, November 20th. They issued a “buy” rating and a $17.00 target price for the company. Finally, National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of TCP Capital in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.00.

TCP Capital (TCPC) opened at $15.86 on Friday. TCP Capital has a 1-year low of $15.55 and a 1-year high of $17.47. The company has a market cap of $932.44, a PE ratio of 9.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.71. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.76.

TCP Capital declared that its board has approved a stock repurchase plan on Tuesday, November 7th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the investment management company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 9.08%. The ex-dividend date is Thursday, December 14th. TCP Capital’s dividend payout ratio (DPR) is presently 105.11%.

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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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