It Seems Tcp Capital Corp (NASDAQ:TCPC) Will Go Up. Just Reported Less Shorted Shares

April 16, 2018 - By Maria Brooks

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.23, from 1.19 in 2017Q3. It dropped, as 11 investors sold TCP Capital Corp. shares while 34 reduced holdings. 17 funds opened positions while 26 raised stakes. 27.45 million shares or 2.70% less from 28.22 million shares in 2017Q3 were reported.
Hightower Ltd Liability Co stated it has 0% in TCP Capital Corp. (NASDAQ:TCPC). Invesco Ltd holds 0% in TCP Capital Corp. (NASDAQ:TCPC) or 273,250 shares. Clearbridge Invs Lc has invested 0.02% in TCP Capital Corp. (NASDAQ:TCPC). Greenwich Management has invested 0.23% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC). Covington Cap Mgmt stated it has 0.06% in TCP Capital Corp. (NASDAQ:TCPC). Arrowstreet Capital Ltd Partnership stated it has 544,905 shares or 0.02% of all its holdings. Moreover, Fj Mgmt Ltd Liability has 0.03% invested in TCP Capital Corp. (NASDAQ:TCPC) for 13,400 shares. Fort Washington Investment Advsr Oh invested 0.02% of its portfolio in TCP Capital Corp. (NASDAQ:TCPC). The Missouri-based Confluence Mngmt Ltd Liability Corp has invested 0.21% in TCP Capital Corp. (NASDAQ:TCPC). Shelton Management accumulated 62,500 shares. Moreover, Atlantic Grp Limited Liability has 0.01% invested in TCP Capital Corp. (NASDAQ:TCPC) for 108,098 shares. Millennium Mgmt Ltd Co owns 807,309 shares for 0.02% of their portfolio. Eagle Global Advisors Lc holds 14,676 shares. Cibc World Mkts Incorporated accumulated 21,996 shares or 0% of the stock. Tower Research Lc (Trc) reported 3,505 shares.

Since January 30, 2018, it had 7 insider buys, and 0 insider sales for $486,770 activity. LEVKOWITZ HOWARD also bought $137,464 worth of TCP Capital Corp. (NASDAQ:TCPC) shares. $14,230 worth of TCP Capital Corp. (NASDAQ:TCPC) was bought by DRAUT ERIC JOHN. Another trade for 5,000 shares valued at $73,039 was made by HOLDSWORTH MARK on Tuesday, February 6. 2,500 TCP Capital Corp. (NASDAQ:TCPC) shares with value of $38,042 were bought by CORBET KATHLEEN A. Another trade for 5,000 shares valued at $76,300 was made by Wruble Brian F on Wednesday, January 31.

The stock of Tcp Capital Corp (NASDAQ:TCPC) registered a decrease of 13.16% in short interest. TCPC’s total short interest was 269,200 shares in April as published by FINRA. Its down 13.16% from 310,000 shares, reported previously. With 173,700 shares average volume, it will take short sellers 2 days to cover their TCPC’s short positions.

The stock decreased 0.04% or $0.01 during the last trading session, reaching $14.22. About 62,192 shares traded. TCP Capital Corp. (NASDAQ:TCPC) has declined 17.80% since April 16, 2017 and is downtrending. It has underperformed by 29.35% the S&P500.

TCP Capital Corp. (NASDAQ:TCPC) Ratings Coverage

Among 3 analysts covering TCP Capital (NASDAQ:TCPC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TCP Capital had 3 analyst reports since November 20, 2017 according to SRatingsIntel. JMP Securities maintained the shares of TCPC in report on Thursday, March 1 with “Market Outperform” rating. Wells Fargo maintained it with “Outperform” rating and $17 target in Wednesday, February 28 report.

TCP Capital Corp. (NASDAQ:TCPC) Institutional Positions Chart

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