Breaking: KBW Reiterates $18.0 Price Objective On TCP Capital (NASDAQ:TCPC) Shares, Reiterates Their Original “Buy” Rating

December 8, 2017 - By Nellie Frank

 Breaking: KBW Reiterates $18.0 Price Objective On TCP Capital (NASDAQ:TCPC) Shares, Reiterates Their Original

Investors sentiment increased to 2.21 in Q2 2017. Its up 1.08, from 1.13 in 2017Q1. It improved, as 5 investors sold TCP Capital Corp. shares while 19 reduced holdings. 15 funds opened positions while 38 raised stakes. 26.04 million shares or 8.51% more from 24.00 million shares in 2017Q1 were reported.

Pioneer Investment Management invested in 0.01% or 106,729 shares. State Of New Jersey Common Pension Fund D holds 0.02% or 325,000 shares. Barclays Pcl owns 11,327 shares or 0% of their US portfolio. Oppenheimer & Inc reported 20,020 shares. Stifel Corp holds 127,309 shares. Raymond James accumulated 113,983 shares or 0% of the stock. Sumitomo Mitsui Asset Mgmt Ltd stated it has 328,155 shares or 0.09% of all its holdings. Cibc World Markets invested in 0% or 24,706 shares. 441,269 are held by Advsrs Asset Mgmt Incorporated. Yorktown Management & Rech Communications holds 2.43% or 450,000 shares. State Street has invested 0% in TCP Capital Corp. (NASDAQ:TCPC). Advisory Rech owns 316,134 shares. Royal Bancshares Of Canada reported 0% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC). Hightower Lc reported 11,179 shares stake. Advsrs Capital Mgmt Ltd Liability holds 0.43% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC) for 311,883 shares.

TCP Capital (NASDAQ:TCPC) Rating Reaffirmed

In an analyst note made public this morning, KBW kept their “Buy” rating on TCP Capital (NASDAQ:TCPC) shares. The target would indicate a possible upside of 13.49 % from company’s previous stock close.

Investors sentiment increased to 2.21 in Q2 2017. Its up 1.08, from 1.13 in 2017Q1. It improved, as 5 investors sold TCP Capital Corp. shares while 19 reduced holdings. 15 funds opened positions while 38 raised stakes. 26.04 million shares or 8.51% more from 24.00 million shares in 2017Q1 were reported.

Pioneer Investment Management invested in 0.01% or 106,729 shares. State Of New Jersey Common Pension Fund D holds 0.02% or 325,000 shares. Barclays Pcl owns 11,327 shares or 0% of their US portfolio. Oppenheimer & Inc reported 20,020 shares. Stifel Corp holds 127,309 shares. Raymond James accumulated 113,983 shares or 0% of the stock. Sumitomo Mitsui Asset Mgmt Ltd stated it has 328,155 shares or 0.09% of all its holdings. Cibc World Markets invested in 0% or 24,706 shares. 441,269 are held by Advsrs Asset Mgmt Incorporated. Yorktown Management & Rech Communications holds 2.43% or 450,000 shares. State Street has invested 0% in TCP Capital Corp. (NASDAQ:TCPC). Advisory Rech owns 316,134 shares. Royal Bancshares Of Canada reported 0% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC). Hightower Lc reported 11,179 shares stake. Advsrs Capital Mgmt Ltd Liability holds 0.43% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC) for 311,883 shares.

TCP Capital Corp. (NASDAQ:TCPC) Ratings Coverage

Among 6 analysts covering TCP Capital (NASDAQ:TCPC), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. TCP Capital has $1800 highest and $15 lowest target. $16.58’s average target is 4.54% above currents $15.86 stock price. TCP Capital had 14 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Friday, August 7 with “Outperform”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, May 31. Deutsche Bank maintained TCP Capital Corp. (NASDAQ:TCPC) on Tuesday, March 15 with “Hold” rating. The firm earned “Buy” rating on Thursday, October 5 by Keefe Bruyette & Woods. JMP Securities maintained TCP Capital Corp. (NASDAQ:TCPC) rating on Wednesday, August 10. JMP Securities has “Market Outperform” rating and $17 target. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, May 11. Citigroup maintained the shares of TCPC in report on Wednesday, August 17 with “Neutral” rating. Oppenheimer maintained the stock with “Buy” rating in Thursday, August 3 report. The firm has “Hold” rating given on Wednesday, August 10 by Deutsche Bank. Deutsche Bank maintained TCP Capital Corp. (NASDAQ:TCPC) on Saturday, August 22 with “Hold” rating.

The stock increased 0.32% or $0.05 during the last trading session, reaching $15.86. About 173,273 shares traded or 12.57% up from the average. TCP Capital Corp. (NASDAQ:TCPC) has risen 18.09% since December 8, 2016 and is uptrending. It has outperformed by 1.39% the S&P500.

Analysts await TCP Capital Corp. (NASDAQ:TCPC) to report earnings on February, 27. They expect $0.38 EPS, down 15.56 % or $0.07 from last year’s $0.45 per share. TCPC’s profit will be $22.34 million for 10.43 P/E if the $0.38 EPS becomes a reality. After $0.38 actual EPS reported by TCP Capital Corp. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent TCP Capital Corp. (NASDAQ:TCPC) news were published by: Seekingalpha.com which released: “TCP Capital’s (TCPC) CEO Howard Levkowitz On Q3 2017 Results – Earnings Call …” on November 08, 2017, also Prnewswire.com with their article: “Kathleen A. Corbet Named Independent Director Of TCP Capital Corp.” published on March 09, 2017, Prnewswire.com published: “TCP Capital Corp. Prices $125 Million Of 4.125% Notes Due 2022” on August 04, 2017. More interesting news about TCP Capital Corp. (NASDAQ:TCPC) were released by: Seekingalpha.com and their article: “Identifying Risk In BDCs – TCP Capital” published on June 26, 2017 as well as Seekingalpha.com‘s news article titled: “TCP Capital: An Ignored High-Yield Dividend Stock To Own” with publication date: January 17, 2017.

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