BlackRock TCP Capital (TCPC) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TCPC shares.
View TCPC analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 1 year price objectives for BlackRock TCP Capital's stock. Their TCPC share price forecasts range from $11.00 to $13.00. On average, they anticipate the company's stock price to reach $12.20 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for TCPC or view top-rated stocks among Wall Street analysts.

BlackRock TCP Capital's stock was trading at $12.94 at the beginning of 2023. Since then, TCPC stock has decreased by 18.8% and is now trading at $10.51.
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BlackRock TCP Capital saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 471,600 shares, an increase of 24.2% from the April 30th total of 379,700 shares. Based on an average daily trading volume, of 292,100 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the company's stock are sold short.
View BlackRock TCP Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our TCPC earnings forecast.

BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced its earnings results on Tuesday, February, 28th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The investment management company earned $46.69 million during the quarter, compared to the consensus estimate of $46.10 million. BlackRock TCP Capital had a net margin of 0.55% and a trailing twelve-month return on equity of 12.05%.

BlackRock TCP Capital declared a quarterly dividend on Thursday, May 4th. Investors of record on Friday, June 16th will be given a dividend of $0.34 per share on Friday, June 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date of this dividend is Thursday, June 15th. This is an increase from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for TCPC.

ETFs with the largest weight of BlackRock TCP Capital (NASDAQ:TCPC) stock in their portfolio include Putnam BDC Income ETF (PBDC), VanEck BDC Income ETF (BIZD) and Virtus Private Credit Strategy ETF (VPC).GraniteShares HIPS US High Income ETF (HIPS).

BlackRock TCP Capital (NASDAQ:TCPC) pays an annual dividend of $1.28 per share and currently has a dividend yield of 12.18%. TCPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12,812.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TCPC will have a dividend payout ratio of 76.19% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TCPC.

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock TCP Capital investors own include Ares Capital (ARCC), Energy Transfer (ET), AT&T (T), Monroe Capital (MRCC), New Residential Investment (NRZ), Enterprise Products Partners (EPD), Hercules Capital (HTGC), Annaly Capital Management (NLY), Prospect Capital (PSEC) and TriplePoint Venture Growth BDC (TPVG).

BlackRock TCP Capital trades on the NASDAQ under the ticker symbol "TCPC."

BlackRock TCP Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cliffwater LLC (0.00%), Van ECK Associates Corp (1.45%), Bank of America Corp DE (0.00%), Confluence Investment Management LLC (0.00%), Hennion & Walsh Asset Management Inc. (0.00%) and Two Sigma Advisers LP (0.56%). Insiders that own company stock include Andrea Petro, Erik L Cuellar, Karyn Leigh Williams, Kathleen A Corbet and Rajneesh Vig.
View institutional ownership trends.

Shares of TCPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TCPC stock can currently be purchased for approximately $10.51.

The company employs 2,018 workers across the globe.

BlackRock TCP Capital's mailing address is 2951 28th Street Suite 1000, Santa Monica CA, 90405. The official website for the company is www.tcpcapital.com. The investment management company can be reached via phone at (310) 566-1000, via email at investor.relations@tcpcapital.com, or via fax at 310-899-4950.