The CFO of TCP Capital (TCPC) is Buying Shares

Today, the CFO of TCP Capital (TCPC), Paul L. Davis, bought shares of TCPC for $28.48K.

This recent transaction increases Paul L. Davis’ holding in the company by 15.38% to a total of $212.1K. In addition to Paul L. Davis, 4 other TCPC executives reported Buy trades in the last month.

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Based on TCP Capital’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $50.59 million and quarterly net profit of $15.19 million. In comparison, last year the company earned revenue of $38.63 million and had a net profit of $14.62 million. TCPC’s market cap is $831.4M and the company has a P/E ratio of 13.89. Currently, TCP Capital has an average volume of 390.4K.

Starting in February 2018, TCPC received 12 Buy ratings in a row.

The insider sentiment on TCP Capital has been positive according to 12 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Blackrock TCP Capital Corp. is an externally managed, closed-end and non-diversified management investment company. The company invests primarily in the debt of middle market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.

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