TCP Capital Corp (TCPC) : Muzinich reduced its stake in TCP Capital Corp by 0.83% during the most recent quarter end. The investment management company now holds a total of 625,300 shares of TCP Capital Corp which is valued at $9,223,175 after selling 5,221 shares in TCP Capital Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.TCP Capital Corp makes up approximately 4.05% of Muzinich’s portfolio.
TCP Capital Corp closed down -0.04 points or -0.27% at $14.71 with 1,12,862 shares getting traded on Monday. Post opening the session at $14.74, the shares hit an intraday low of $14.685 and an intraday high of $14.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Creative Planning reduced its stake in TCPC by selling 600 shares or 51.77% in the most recent quarter. The Hedge Fund company now holds 559 shares of TCPC which is valued at $8,201.
Many Wall Street Analysts have commented on TCP Capital Corp. Shares were Reiterated by Deutsche Bank on Mar 15, 2016 to “Hold” and Lowered the Price Target to $ 15 from a previous price target of $16.50 .Shares were Reiterated by Wunderlich on Mar 1, 2016 to “Hold” and Lowered the Price Target to $ 15 from a previous price target of $16 .Shares were Reiterated by FBR Capital on Mar 1, 2016 to “Outperform” and Lowered the Price Target to $ 16 from a previous price target of $17 .
TCP Capital Corp. is an externally managed 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 Company invests in basic chemical manufacturing; wired telecommunications carriers; retail; insurance carriers; computer equipment manufacturing; specialty hospitals; business support services; gaming industries and motion picture and video industries. It seeks to achieve its investment objective primarily through investments in debt securities of middle-market companies and invests in between $100 million-$1.5 billion. At December 31 2014 its investment portfolio consisted of approximately 84 portfolio companies. The Fund’s investment adviser is Tennenbaum Capital Partners LLC.