A statement released earlier today by National Securities about TCP Capital Corp (NASDAQ:TCPC) bumps the target price to $17.00
- Updated: November 28, 2016
Boasting a price of $16.90, TCP Capital Corp (NASDAQ:TCPC) traded -0.71% lower on the day. With the last stock price close up 6.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. TCP Capital Corp has recorded a 50-day average of $16.27 and a two hundred day average of $15.75. Volume of trade was up over the average, with 184,239 shares of TCPC changing hands over the typical 152,211
National Securities bumped up the target of TCP Capital Corp (NASDAQ:TCPC) to $17.00 stating a potential upside of 0.01%.
TCP Capital Corp has a 52 week low of $12.00 and a 52 week high of $16.97 The company’s market cap is currently $0.
In addition to National Securities reporting its stock price target, a total of 10 firms have reported on the stock. The consensus target price is $15.78 with 5 firms rating the stock a strong buy, 4 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About TCP Capital Corp (NASDAQ:TCPC)
TCP Capital Corp. is a 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 debt securities of middle-market companies. The Company holds interests in Special Value Continuation Partners, LP. The Company receives contractual interest payments on debt investments and originations, and equity appreciation through options, warrants, conversion rights or direct equity investments. The Company has various types of investment assets, such as equity, senior secured debt, and mezzanine/junior. Its portfolio includes its investments in various industries, such as software publishing; computer systems design and related services; business support services; insurance carriers; radio and television broadcasting; air transportation, and hospitals. Its investment advisor is Tennenbaum Capital Partners, LLC.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.