Tcp Capital Corp. (TCPC): Paul L Davis , CFO of Tcp Capital Corp. purchased 500 shares on May 27, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.48 per share for a total value of $7,240.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Howard Levkowitz (CEO) purchased 5,000 shares at $14.54 per share price.On Jan 25, 2016, Eric John Draut (director) purchased 1,000 shares at $12.96 per share price.Also, On Jan 22, 2016, Michael E Leitner (other) purchased 4,000 shares at $12.77 per share price.On Jan 22, 2016, Rajneesh Vig (COO) purchased 4,000 shares at $12.96 per share price.
TCP Capital Corp: On Friday, May 27, 2016 heightened volatility was witnessed in TCP Capital Corp which led to swings in the share price. The shares opened for trading at $14.48 and hit $14.66 on the upside , eventually ending the session at $14.63, with a gain of 1.18% or 0.17 points. The heightened volatility saw the trading volume jump to 99,783 shares. The 52-week high of the share price is $16.49 and the company has a market cap of $712 M . The 52-week low of the share price is at $12.
On May 10, 2016, TCP Capital Corp announced a cash dividend of $0.3600. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.
Company has been under the radar of several Street Analysts.TCP Capital Corp is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 15 from a previous price target of $16.50 . The Rating was issued on Mar 15, 2016.
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.