BlackRock TCP Capital (TCPC) Projected to Post Earnings on Thursday

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $57.95 million for the quarter.

BlackRock TCP Capital Stock Performance

Shares of NASDAQ:TCPC traded up $0.11 on Tuesday, reaching $6.72. 545,060 shares of the company's stock were exchanged, compared to its average volume of 576,450. The business's 50-day moving average is $7.39 and its two-hundred day moving average is $8.37. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. BlackRock TCP Capital has a fifty-two week low of $6.27 and a fifty-two week high of $11.52. The firm has a market capitalization of $571.72 million, a price-to-earnings ratio of -13.44 and a beta of 1.03.

BlackRock TCP Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 14.88%. BlackRock TCP Capital's dividend payout ratio (DPR) is -133.33%.

Insider Activity at BlackRock TCP Capital

In other news, COO Patrick Wolfe bought 6,100 shares of the business's stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $8.12 per share, for a total transaction of $49,532.00. Following the completion of the transaction, the chief operating officer now directly owns 8,003 shares of the company's stock, valued at approximately $64,984.36. This trade represents a 320.55 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Philip M. Tseng purchased 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $7.74 per share, with a total value of $77,400.00. Following the completion of the purchase, the chief executive officer now owns 38,587 shares in the company, valued at $298,663.38. This represents a 34.98 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 18,500 shares of company stock worth $146,444 in the last 90 days. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on BlackRock TCP Capital from $8.50 to $7.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on BlackRock TCP Capital from $7.50 to $6.50 and set an "underweight" rating for the company in a research note on Monday, April 28th. Finally, StockNews.com upgraded BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th.

BlackRock TCP Capital Company Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.