TCP Capital (NASDAQ:TCPC)‘s stock had its “buy” rating restated by equities research analysts at National Securities in a research report issued to clients and investors on Monday. They presently have a $17.00 price objective on the investment management company’s stock. National Securities’ price target indicates a potential upside of 17.24% from the stock’s previous close.
The analysts wrote, “• For 1Q18, TCPC posted NII/share of $0.37, short of our $0.40 estimate but exceeding the dividend by a penny. The primary reason for the miss was lower interest income than we had forecasted. The portfolio at cost grew by $100.2 million during the quarter and we think TCPC will see the full benefit of this in 2Q18 which should serve to boost investment income and NII, in our opinion.
• NAV/share finished 3/31/18 at $14.90, up 10 cents from the quarter prior, driven by unrealized appreciation and an out-earned dividend. We expect NAV/share will improve to $15.26 at year-end 2018 and $15.59 at year-end 2019.
• The company had $169.1 million of new commitments during 1Q18 versus $71.0 million of repayments and sales and the portfolio at fair value finished 1Q18 at $1.62 billion. We expect the portfolio at fair value will finish 2018 at $1.73 billion and 2019 at $1.83 billion.
• As a reminder, TCP's platform was acquired last month by BlackRock (NYSE: BLK – NR – $540.43). BlackRock chose to leave TCP in-tact and keep its team in place, which we find encouraging but not surprising given the success of the company.
• We expect BlackRock will augment the AUM that TCP can co-invest across and permit the company to write larger checks to UMM borrowers, assisting TCP in both winning deals and maintaining pricing power. We also think the platform acquisition will increase the sponsors TCP has relationships with.
• We are revising our 2018 NII/share estimate to $1.57 from $1.61 and our 2019 NII/share estimate to $1.63 from $1.65. Shares continue to trade at an unwarranted (in our opinion) discount to NAV/share despite consistently sound asset quality, stable NAV, and a well-covered dividend. We continue to think shares offer very good total return potential for investors.”
Hot Value Stocks To Invest In 2019: Speedway Motorsports Inc.(TRK)
Advisors' Opinion:- [By Money Morning Staff Reports]
Speedway Motorsports Inc. (NYSE: TRK) owns eight of the premier tracks on the NASCAR circuit, including Charlotte Motor Speedway and the famed Bristol Motor Speedway.
- [By Ethan Ryder]
Truckcoin (CURRENCY:TRK) traded 0.1% lower against the US dollar during the 1-day period ending at 7:00 AM ET on April 18th. One Truckcoin coin can currently be purchased for $0.0019 or 0.00000023 BTC on cryptocurrency exchanges. Truckcoin has a total market capitalization of $338,505.00 and $362.00 worth of Truckcoin was traded on exchanges in the last day. During the last week, Truckcoin has traded up 33.5% against the US dollar.
- [By Max Byerly]
Get a free copy of the Zacks research report on Speedway Motorsports (TRK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
ValuEngine lowered shares of Speedway Motorsports (NYSE:TRK) from a hold rating to a sell rating in a research note published on Tuesday.
Separately, Zacks Investment Research cut Speedway Motorsports from a hold rating to a sell rating in a research report on Thursday, April 12th.
- [By Stephan Byrd]
Truckcoin (CURRENCY:TRK) traded 18.3% higher against the U.S. dollar during the twenty-four hour period ending at 15:00 PM E.T. on August 15th. During the last week, Truckcoin has traded down 27.7% against the U.S. dollar. Truckcoin has a market cap of $238,495.00 and $2,167.00 worth of Truckcoin was traded on exchanges in the last 24 hours. One Truckcoin coin can currently be bought for $0.0012 or 0.00000018 BTC on major exchanges.
- [By Logan Wallace]
Truckcoin (TRK) is a PoW/PoS coin that uses the X11 hashing algorithm. Its genesis date was July 29th, 2014. Truckcoin’s total supply is 210,698,650 coins. Truckcoin’s official Twitter account is @truckcoin_v2 and its Facebook page is accessible here. Truckcoin’s official website is truckcoin.net.
Hot Value Stocks To Invest In 2019: Tree.com Inc.(TREE)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on Lendingtree (TREE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Lendingtree (TREE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Dan Caplinger]
Those who invest in individual stocks like it when things are a little more interesting. When you look at that same decade, a few stand-out stocks have delivered life-changing returns. In particular, Lending Tree (NASDAQ:TREE), BofI Holding (NASDAQ:BOFI), and National Beverage (NASDAQ:FIZZ) have all helped investors turn initial $1,000 investments into holdings worth $21,000 or more since 2008. How did they do it? Read on to find out.
- [By Logan Wallace]
Gabelli Funds LLC trimmed its position in shares of LendingTree (NASDAQ:TREE) by 2.9% during the first quarter, Holdings Channel reports. The institutional investor owned 8,450 shares of the financial services provider’s stock after selling 250 shares during the period. Gabelli Funds LLC’s holdings in LendingTree were worth $2,773,000 as of its most recent SEC filing.
Hot Value Stocks To Invest In 2019: SurModics Inc.(SRDX)
Advisors' Opinion:- [By Ethan Ryder]
Shares of SurModics, Inc. (NASDAQ:SRDX) hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $47.30 and last traded at $47.20, with a volume of 902 shares. The stock had previously closed at $46.50.
- [By Joseph Griffin]
Shares of SurModics, Inc. (NASDAQ:SRDX) have been assigned an average recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $80.33.
- [By Max Byerly]
Lombard Medical Technologies (OTCMKTS: EVARF) and SurModics (NASDAQ:SRDX) are both small-cap medical companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, analyst recommendations, risk, institutional ownership, dividends, valuation and earnings.
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