Analysts at Wunderlich reduced their price target on shares of TCP Capital Corp. (NASDAQ:TCPC) from $18.00 to $16.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Wunderlich’s target price points to a potential upside of 0.69% from the stock’s previous close.
A number of other analysts have also recently weighed in on TCPC. Analysts at Raymond James reiterated an “outperform” rating on shares of TCP Capital Corp. in a research note on Friday. They now have a $17.00 price target on the stock, down previously from $17.50. Separately, analysts at National Securities initiated coverage on shares of TCP Capital Corp. in a research note on Tuesday, April 22nd. They set a “neutral” rating and a $17.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of TCP Capital Corp. from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $17.25.
Shares of TCP Capital Corp. (NASDAQ:TCPC) opened at 15.89 on Tuesday. TCP Capital Corp. has a 1-year low of $14.87 and a 1-year high of $18.15. The stock’s 50-day moving average is $16.38 and its 200-day moving average is $16.89.
TCP Capital Corp. (NASDAQ:TCPC) last announced its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. On average, analysts predict that TCP Capital Corp. will post $1.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 9.06%. The ex-dividend date is Monday, June 16th.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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