New Trade Entry: TCPC Capital Corp. (Nasdaq: TCPC)
Today I am putting out a Buy recommendation on TCP Capital Corp. (Nasdaq: TCPC).
TCPC is a business development company that currently yields 9.3%. The share price often swings by more than 10% between ex-dividend dates. The share price has dropped over the last couple of weeks, providing a nice set up for a profit between now and the next ex-dividend date in early March.
Trade: Buy TCPC up to $15.50
Target Price: $16.50 for a 6% gain in the next 2 months.
If target is not hit, shares will be sold before TCPC goes ex-dividend on or about March 13th.