TCP Capital Corp (TCPC) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 17.50

TCP Capital Corp (TCPC) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 17.50 from a previous price target of $16 . FBR Capital advised their investors in a research report released on Aug 10, 2016.

TCP Capital Corp opened for trading at $15.92 and hit $15.9799 on the upside on Monday, eventually ending the session at $15.94, with a gain of 0.50% or 0.08 points. The heightened volatility saw the trading volume jump to 1,13,681 shares. Company has a market cap of $776 M.

In a different news, on May 31, 2016, Paul L Davis (CFO) purchased 500 shares at $14.48 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.

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.

TCP Capital Corp

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