November 17, 2016 - By Peter Erickson · 0 Comments
The stock of Tcp Capital Corporation (NASDAQ:TCPC) registered an increase of 103.01% in short interest. TCPC’s total short interest was 303,900 shares in November as published by FINRA. Its up 103.01% from 149,700 shares, reported previously. With 229,300 shares average volume, it will take short sellers 1 days to cover their TCPC’s short positions. About 7,853 shares traded hands. TCP Capital Corp (NASDAQ:TCPC) has risen 11.59% since April 15, 2016 and is uptrending. It has outperformed by 6.97% the S&P500.
TCP Capital Corp. is a closed-end, non-diversified management investment company. The company has a market cap of $883.50 million. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It has a 15.42 P/E ratio. The Firm invests in debt securities of middle-market companies.
Insitutional Activity: The institutional sentiment increased to 1.56 in 2016 Q2. Its up 0.67, from 0.89 in 2016Q1. The ratio increased, as 10 funds sold all TCP Capital Corp shares owned while 24 reduced positions. 21 funds bought stakes while 32 increased positions. They now own 21.38 million shares or 12.05% more from 19.08 million shares in 2016Q1.
Paw accumulated 150,000 shares or 2.62% of the stock. Royal Commercial Bank Of Canada accumulated 29,483 shares or 0% of the stock. Monarch Ptnrs Asset Mngmt Ltd Liability holds 0.02% of its portfolio in TCP Capital Corp (NASDAQ:TCPC) for 11,690 shares. Muzinich & Com Incorporated accumulated 585,922 shares or 4.1% of the stock. Westport Resources Mgmt Inc last reported 0.05% of its portfolio in the stock. Glenmede Tru Communication Na holds 66,926 shares or 0.01% of its portfolio. Deutsche Natl Bank Ag holds 0% of its portfolio in TCP Capital Corp (NASDAQ:TCPC) for 67,917 shares. Barclays Public Limited Co owns 82 shares or 0% of their US portfolio. Moreover, Next has 0.01% invested in TCP Capital Corp (NASDAQ:TCPC) for 2,073 shares. Mckinley Cap Mgmt Limited Liability Company Delaware last reported 186,257 shares in the company. Sumitomo Mitsui Asset Management has 0.02% invested in the company for 46,000 shares. Eagle Ltd Limited Liability Company reported 20,270 shares or 0.01% of all its holdings. Sigma Planning Corp last reported 0.03% of its portfolio in the stock. Moreover, Legal And General Group Plc has 0% invested in TCP Capital Corp (NASDAQ:TCPC) for 96,538 shares. Clearbridge Invests holds 2.13M shares or 0.04% of its portfolio.
Out of 4 analysts covering TCP Capital (NASDAQ:TCPC), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. TCP Capital has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, August 17 with “Neutral”. As per Tuesday, March 15, the company rating was maintained by Deutsche Bank. As per Friday, August 7, the company rating was maintained by Oppenheimer. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 10 report. Deutsche Bank maintained the stock with “Hold” rating in Saturday, August 22 report. JMP Securities maintained the shares of TCPC in a report on Wednesday, August 10 with “Market Outperform” rating.
TCP Capital Corp., incorporated on July 17, 2006, is a 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. The Firm invests in debt securities of middle-market companies. The Firm holds interests in Special Value Continuation Partners, LP. The Firm receives contractual interest payments on debt investments and originations, and equity appreciation through options, warrants, conversion rights or direct equity investments. The Firm has various types of investment assets, such as equity, senior secured debt, and mezzanine/junior.
More notable recent TCP Capital Corp (NASDAQ:TCPC) news were published by: Prnewswire.com which released: “TCP Capital Corp. Announces Third Quarter 2016 Financial Results; Net …” on November 08, 2016, also Prnewswire.com with their article: “TCP Capital Corp. Prices $125 Million Of 4.625% Convertible Senior Notes Due 2022” published on August 31, 2016, Prnewswire.com published: “M. Freddie Reiss Named Independent Director At TCP Capital Corp.” on August 24, 2016. More interesting news about TCP Capital Corp (NASDAQ:TCPC) were released by: Prnewswire.com and their article: “TCP Capital Corp. Schedules Earnings Release and Conference Call for the Third …” published on October 11, 2016 as well as Prnewswire.com‘s news article titled: “TCP Capital Corp. Announces Sale Of Common Shares To Certain Investors In A …” with publication date: July 07, 2016.
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By Peter Erickson