Could Tcp Capital Corp (NASDAQ:TCPC) Skyrocket? The Stock Had Too Little Sellers

July 13, 2018 - By Patrick Harkless

Investors sentiment decreased to 0.79 in 2018 Q1. Its down 0.17, from 0.96 in 2017Q4. It dropped, as 16 investors sold TCP Capital Corp. shares while 32 reduced holdings. 16 funds opened positions while 22 raised stakes. 26.07 million shares or 5.05% less from 27.45 million shares in 2017Q4 were reported.
Illinois-based Northern Trust Corp has invested 0% in TCP Capital Corp. (NASDAQ:TCPC). Fort Washington Investment Advsrs Inc Oh reported 141,143 shares. Natixis Advisors L P holds 0.04% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC) for 259,568 shares. Benjamin F Edwards And holds 650 shares. Global X Mgmt Communication Limited Liability reported 0% stake. Jpmorgan Chase & holds 0% or 19,183 shares. Van Eck has 356,575 shares. Kennedy Mgmt invested 0.09% in TCP Capital Corp. (NASDAQ:TCPC). 28,200 were accumulated by Oppenheimer And Incorporated. Millennium Mngmt Limited Com holds 0.01% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC) for 580,564 shares. Pnc Financial Inc stated it has 8,052 shares. Parallax Volatility Advisers Lp owns 3,151 shares. Moreover, Allsquare Wealth has 0.05% invested in TCP Capital Corp. (NASDAQ:TCPC) for 4,500 shares. Raymond James And Assocs holds 0% or 115,235 shares. Stratos Wealth accumulated 0% or 500 shares.

Since January 30, 2018, it had 7 insider purchases, and 0 selling transactions for $486,770 activity. The insider Wruble Brian F bought $76,300. On Friday, February 2 the insider Vig Rajneesh bought $75,322. The insider CORBET KATHLEEN A bought $38,042. $14,230 worth of stock was bought by DRAUT ERIC JOHN on Monday, February 5. LEVKOWITZ HOWARD had bought 5,000 shares worth $72,373 on Friday, February 9.

The stock of Tcp Capital Corp (NASDAQ:TCPC) registered a decrease of 9.06% in short interest. TCPC’s total short interest was 286,900 shares in July as published by FINRA. Its down 9.06% from 315,500 shares, reported previously. With 167,800 shares average volume, it will take short sellers 2 days to cover their TCPC’s short positions.

The stock increased 0.90% or $0.13 during the last trading session, reaching $14.61. About 177,089 shares traded. TCP Capital Corp. (NASDAQ:TCPC) has declined 13.42% since July 13, 2017 and is downtrending. It has underperformed by 25.99% the S&P500.

TCP Capital Corp. (NASDAQ:TCPC) Ratings Coverage

Among 2 analysts covering TCP Capital (NASDAQ:TCPC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TCP Capital had 2 analyst reports since February 28, 2018 according to SRatingsIntel. JMP Securities maintained the stock with “Market Outperform” rating in Thursday, March 1 report. The rating was maintained by Wells Fargo with “Outperform” on Wednesday, February 28.

Another recent and important TCP Capital Corp. (NASDAQ:TCPC) news was published by which published an article titled: “I Recently Purchased This 10% Yielding BDC” on June 28, 2018.

TCP Capital Corp. (NASDAQ:TCPC) Institutional Positions Chart

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