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Reaffirmed: TCP Capital (NASDAQ:TCPC) Buy Rating Reiterated by KBW; $18.0 Target in Place

December 8, 2017 - By Marie Mckinney

 Reaffirmed: TCP Capital (NASDAQ:TCPC) Buy Rating Reiterated by KBW; $18.0 Target in Place

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.

Creative Planning owns 0% invested in TCP Capital Corp. (NASDAQ:TCPC) for 1,309 shares. Goodwin Daniel L reported 10,000 shares. Advsrs Capital Mgmt Ltd Liability Corporation holds 0.43% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC) for 311,883 shares. Vaughan Nelson Ltd Partnership invested in 3.23M shares or 0.65% of the stock. Muzinich Co reported 3.87% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC). Bank Of America De stated it has 63,089 shares or 0% of all its holdings. Millennium Management Lc has invested 0.01% in TCP Capital Corp. (NASDAQ:TCPC). Fort Washington Advsrs Oh has 59,630 shares. Price T Rowe Associates Inc Md has 0% invested in TCP Capital Corp. (NASDAQ:TCPC). Van Eck Associate, a New York-based fund reported 418,273 shares. Pennsylvania-based Pnc Financial Serv Gp has invested 0% in TCP Capital Corp. (NASDAQ:TCPC). Citigroup accumulated 1,200 shares. 97,800 were reported by California Public Employees Retirement Systems. Lubar & has 76,546 shares. Wfg Lp has invested 0.12% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC).

TCP Capital (NASDAQ:TCPC) Rating Reaffirmed

Recently, In an analyst note released on Thursday, 5 October, TCP Capital (NASDAQ:TCPC) shares have had their Buy Rating maintained by equity analysts at KBW, who currently has a $18.0 target on company. This target by KBW gives the possibile upside of 13.49 % from the last 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.

Creative Planning owns 0% invested in TCP Capital Corp. (NASDAQ:TCPC) for 1,309 shares. Goodwin Daniel L reported 10,000 shares. Advsrs Capital Mgmt Ltd Liability Corporation holds 0.43% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC) for 311,883 shares. Vaughan Nelson Ltd Partnership invested in 3.23M shares or 0.65% of the stock. Muzinich Co reported 3.87% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC). Bank Of America De stated it has 63,089 shares or 0% of all its holdings. Millennium Management Lc has invested 0.01% in TCP Capital Corp. (NASDAQ:TCPC). Fort Washington Advsrs Oh has 59,630 shares. Price T Rowe Associates Inc Md has 0% invested in TCP Capital Corp. (NASDAQ:TCPC). Van Eck Associate, a New York-based fund reported 418,273 shares. Pennsylvania-based Pnc Financial Serv Gp has invested 0% in TCP Capital Corp. (NASDAQ:TCPC). Citigroup accumulated 1,200 shares. 97,800 were reported by California Public Employees Retirement Systems. Lubar & has 76,546 shares. Wfg Lp has invested 0.12% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC).

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 stock of TCP Capital Corp. (NASDAQ:TCPC) has “Hold” rating given on Saturday, August 22 by Deutsche Bank. Deutsche Bank maintained it with “Hold” rating and $15 target in Tuesday, March 15 report. Keefe Bruyette & Woods maintained TCP Capital Corp. (NASDAQ:TCPC) rating on Thursday, October 5. Keefe Bruyette & Woods has “Buy” rating and $18.0 target. Citigroup maintained the shares of TCPC in report on Wednesday, August 17 with “Neutral” rating. The firm has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, May 11 by Deutsche Bank. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 10 report. The stock of TCP Capital Corp. (NASDAQ:TCPC) has “Buy” rating given on Thursday, August 3 by Oppenheimer. The rating was maintained by Keefe Bruyette & Woods on Wednesday, May 31 with “Buy”. The firm has “Market Outperform” rating by JMP Securities given on Wednesday, August 10.

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

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