Today, the CFO of TCP Capital (TCPC), Paul L. Davis, bought shares of TCPC for $55.56K.
This recent transaction increases Paul L. Davis’ holding in the company by 57.14% to a total of $180.4K. Following Paul L. Davis’ last TCPC Buy transaction on May 31, 2016, the stock climbed by 2.3%.
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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 $816.1M and the company has a P/E ratio of 13.63. Currently, TCP Capital has an average volume of 426.2K.
Starting in November 2017, TCPC received 13 Buy ratings in a row.
The insider sentiment on TCP Capital has been positive according to 10 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.
