BlackRock TCP Capital (TCPC) to Release Quarterly Earnings on Thursday

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) is expected to be releasing its Q1 2025 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 BlackRock TCP Capital stock remained flat at $6.75 during trading on Friday. 1,243,302 shares of the stock traded hands, compared to its average volume of 575,106. BlackRock TCP Capital has a one year low of $6.27 and a one year high of $11.52. The firm has a market cap of $574.27 million, a PE ratio of -13.50 and a beta of 1.21. The stock has a fifty day moving average of $7.48 and a two-hundred day moving average of $8.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37.

BlackRock TCP Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 14.81%. BlackRock TCP Capital's dividend payout ratio (DPR) is -133.33%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TCPC shares. Keefe, Bruyette & Woods cut their price objective on shares of BlackRock TCP Capital from $8.50 to $7.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price target 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 raised BlackRock TCP Capital from a "sell" rating to a "hold" rating in a report on Saturday, April 12th.

Insider Activity

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

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.