Should I buy or sell BlackRock TCP Capital stock right now?

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

What is BlackRock TCP Capital's stock price target for 2024?

5 Wall Street analysts have issued twelve-month price targets for BlackRock TCP Capital's stock. Their TCPC share price targets range from $11.00 to $13.00. On average, they expect the company's share price to reach $12.20 in the next year. This suggests a possible upside of 2.6% from the stock's current price. View analysts price targets for TCPC or view top-rated stocks among Wall Street analysts .

How have TCPC shares performed in 2023?

BlackRock TCP Capital's stock was trading at $12.94 on January 1st, 2023. Since then, TCPC shares have decreased by 8.1% and is now trading at $11.89. View the best growth stocks for 2023 here .

When is BlackRock TCP Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024. View our TCPC earnings forecast .

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp. (NASDAQ:TCPC) released its quarterly earnings data on Thursday, November, 2nd. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The investment management company had revenue of $54.21 million for the quarter, compared to the consensus estimate of $53.66 million. BlackRock TCP Capital had a trailing twelve-month return on equity of 14.00% and a net margin of 1.95%.

How often does BlackRock TCP Capital pay dividends? What is the dividend yield for BlackRock TCP Capital?

BlackRock TCP Capital declared a quarterly dividend on Thursday, November 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.59 per share on Friday, December 29th. This represents a $2.36 dividend on an annualized basis and a yield of 19.85%. The ex-dividend date is Thursday, December 14th. This is an increase from the stock's previous quarterly dividend of $0.44. Read our dividend analysis for TCPC .

Is BlackRock TCP Capital a good dividend stock?

BlackRock TCP Capital (NASDAQ:TCPC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 11.45%. 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 2,266.67%. 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 75.14% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for TCPC .

What ETFs hold BlackRock TCP Capital's stock?

ETFs with the largest weight of BlackRock TCP Capital (NASDAQ:TCPC) stock in their portfolio include Virtus Private Credit Strategy ETF (VPC) . VanEck BDC Income ETF (BIZD) .

What other stocks do shareholders of BlackRock TCP Capital own?

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) .

Who are BlackRock TCP Capital's major shareholders?

BlackRock TCP Capital's stock is owned by many different institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (0.00%), Legal & General Group Plc (0.00%), D.A. Davidson & CO. (0.00%), Hennion & Walsh Asset Management Inc. (0.00%), Advisors Asset Management Inc. (0.00%) and Raymond James & Associates (0.00%). Insiders that own company stock include Andrea Petro , Erik L Cuellar , Karyn Leigh Williams and Rajneesh Vig . View institutional ownership trends .

How do I buy shares of BlackRock TCP Capital?

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. Compare Top Brokerages Here .

BlackRock TCP Capital Stock Price, News & Analysis (NASDAQ:TCPC)

$11.89

+0.01 (+0.08%)

(As of 11/28/2023 ET)

Compare

Today's Range: $11.83
▼
$11.92
50-Day Range: $10.37
▼
$12.15
52-Week Range: $9.60
▼
$13.52

Volume: 285,049 shs
Average Volume: 268,267 shs
Market Capitalization: N/A

P/E Ratio: 198.17
Dividend Yield: 11.44%
Price Target: $12.20

BlackRock TCP Capital MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 2.6% Upside
$12.20 Price Target
Short Interest: Healthy
1.98% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.93
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -2.69%
From $1.86 to $1.81 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.46 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
BlackRock TCP Capital has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.20, BlackRock TCP Capital has a forecasted upside of 2.6% from its current price of $11.89.
Amount of Analyst Coverage
BlackRock TCP Capital has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.98% of the float of BlackRock TCP Capital has been sold short.
Short Interest Ratio / Days to Cover
BlackRock TCP Capital has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in BlackRock TCP Capital has recently increased by 14.00%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
BlackRock TCP Capital is a leading dividend payer. It pays a dividend yield of 11.45%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
BlackRock TCP Capital has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of BlackRock TCP Capital is 2,266.67%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, BlackRock TCP Capital will have a dividend payout ratio of 75.14% in the coming year. This indicates that BlackRock TCP Capital may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCPC.

3.3

News and Social Media Coverage

News Sentiment
BlackRock TCP Capital has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for BlackRock TCP Capital this week, compared to 1 article on an average week.
Search Interest
Only 7 people have searched for TCPC on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
4 people have added BlackRock TCP Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BlackRock TCP Capital insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.29% of the stock of BlackRock TCP Capital is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for BlackRock TCP Capital are expected to decrease by -2.69% in the coming year, from $1.86 to $1.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BlackRock TCP Capital is 198.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 120.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of BlackRock TCP Capital is 198.17, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 48.32.
Price to Book Value per Share Ratio
BlackRock TCP Capital has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About BlackRock TCP Capital Stock (NASDAQ:TCPC)

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. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.

TCPC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TCPC Stock News Headlines

November 24, 2023 | americanbankingnews.com

BlackRock TCP Capital (NASDAQ:TCPC) Stock Passes Above 200 Day Moving Average of $11.40

November 9, 2023 | msn.com

BlackRock TCP Capital (TCPC) Declares $0.34 Dividend

November 29, 2023 | Edge On The Street (Ad)

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November 8, 2023 | finance.yahoo.com

BlackRock Capital Investment Corp (BKCC) Reports Solid Earnings Growth and NAV Increase for Q3 2023

November 5, 2023 | seekingalpha.com

BlackRock TCP Capital: Upcoming Merger, Undervalued, 12% Discount

November 3, 2023 | markets.businessinsider.com

Analysts’ Top Financial Picks: Metlife (MET), BlackRock TCP Capital (TCPC)

November 3, 2023 | finance.yahoo.com

BlackRock TCP Capital Corp. (NASDAQ:TCPC) Q3 2023 Earnings Call Transcript

November 2, 2023 | finance.yahoo.com

BlackRock TCP Capital Corp. Announces Third Quarter 2023 Financial Results Including Net Investment Income of $0.49 Per Share; Declares Fourth Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.25 Per Share

November 29, 2023 | Edge On The Street (Ad)

An Unusual Way to Invest in Gold

September 21, 2023 | businesswire.com

BlackRock TCP Capital Corp. to Report Third Quarter 2023 Financial Results on November 2, 2023

September 16, 2023 | msn.com

BDC Weekly Review: The Sector Put Up A Strong Q2

September 11, 2023 | markets.businessinsider.com

Bank of America Securities Keeps Their Buy Rating on BlackRock TCP Capital (TCPC)

September 6, 2023 | msn.com

BlackRock Capital Investment amends $265M credit agreement

September 6, 2023 | businesswire.com

TCPC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of BlackRock TCP Capital Corp. Is Fair to Shareholders

September 1, 2023 | seekingalpha.com

BlackRock TCP Capital: 11%-14% Yield, 5% Discount, Undervalued

August 23, 2023 | markets.businessinsider.com

JMP Securities Remains a Buy on BlackRock TCP Capital (TCPC)

August 11, 2023 | msn.com

BlackRock TCP (TCPC) Upgraded to Strong Buy: Here's Why

August 10, 2023 | msn.com

Best Income Stocks to Buy for August 10th

August 4, 2023 | finance.yahoo.com

BlackRock TCP Capital Corp. (NASDAQ:TCPC) Q2 2023 Earnings Call Transcript

August 4, 2023 | seekingalpha.com

BlackRock TCP Capital Corp 2023 Q2 - Results - Earnings Call Presentation

August 3, 2023 | finance.yahoo.com

BlackRock TCP Capital Corp. Announces Second Quarter 2023 Financial Results Including Net Investment Income of $0.48 Per Share; Declares Third Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.10 Per Share

August 3, 2023 | seekingalpha.com

BlackRock TCP Capital Q2 2023 Earnings Preview

July 23, 2023 | forbes.com

How To Collect 12%+ Yields Investing In Small Businesses

June 19, 2023 | finance.yahoo.com

US09259E1082.SG - BlackRock TCP Capital Corp.

June 15, 2023 | finance.yahoo.com

BlackRock TCP Capital Corp. to Report Second Quarter 2023 Financial Results on August 3, 2023

May 11, 2023 | finance.yahoo.com

3 SBIC & Commercial Finance Stocks From the Prospering Industry

May 9, 2023 | msn.com

JMP Securities Maintains TCP Capital (TCPC) Outperform Recommendation

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Last Earnings: 11/02/2023
Today: 11/28/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/27/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fire, marine, & casualty insurance
Sub-Industry: Asset Management & Custody Banks
Sector: Finance
Current Symbol: NASDAQ:TCPC
CUSIP: 87238Q10
CIK: 1370755
Web: www.tcpcapital.com
Phone: (310) 566-1000
Fax: 310-899-4950
Employees: 2,018
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $12.20
High Stock Price Target: $13.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +2.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.06
Trailing P/E Ratio: 198.17
Forward P/E Ratio: 6.39
P/E Growth: N/A
Net Income: $-9,230,000.00
Net Margins: 1.95%
Pretax Margin: 50.87%
Return on Equity: 14.00%
Return on Assets: 5.94%

Debt

Debt-to-Equity Ratio: 1.32
Current Ratio: 29.53
Quick Ratio: 29.53

Sales & Book Value

Annual Sales: $181 million
Price / Sales: N/A
Cash Flow: $0.07 per share
Price / Cash Flow: 163.28
Book Value: $14.36 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 1.42

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Key Executives

Mr. Rajneesh Vig CPA (Age 52)
Chairman of the Board & CEO
Mr. Philip M. Tseng (Age 47)
COO & President
Mr. Michael Eric Leitner (Age 55)
Managing Partner
Mr. Mark Keith Holdsworth (Age 58)
Managing Partner
Mr. Erik L. Cuellar CPA (Age 52)
CFO & Controller
Ms. Kathleen McGlynn
Vice President of Investor Relations
Mr. Charles Choon Sik Park (Age 56)
Chief Compliance Officer
Mr. Laurence D. Paredes Esq. (Age 55)
General Counsel & Secretary
Mr. Robert G. DiPaolo CPA
Managing Director
Mr. Jason A. Mehring (Age 51)
Managing Director

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TCPC Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackRock TCP Capital stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TCPC shares.
View TCPC analyst ratings or view top-rated stocks.
What is BlackRock TCP Capital's stock price target for 2024?: 5 Wall Street analysts have issued twelve-month price targets for BlackRock TCP Capital's stock. Their TCPC share price targets range from $11.00 to $13.00. On average, they expect the company's share price to reach $12.20 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for TCPC or view top-rated stocks among Wall Street analysts.
How have TCPC shares performed in 2023?: BlackRock TCP Capital's stock was trading at $12.94 on January 1st, 2023. Since then, TCPC shares have decreased by 8.1% and is now trading at $11.89.
View the best growth stocks for 2023 here.
When is BlackRock TCP Capital's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our TCPC earnings forecast.
How were BlackRock TCP Capital's earnings last quarter?: BlackRock TCP Capital Corp. (NASDAQ:TCPC) released its quarterly earnings data on Thursday, November, 2nd. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The investment management company had revenue of $54.21 million for the quarter, compared to the consensus estimate of $53.66 million. BlackRock TCP Capital had a trailing twelve-month return on equity of 14.00% and a net margin of 1.95%.
How often does BlackRock TCP Capital pay dividends? What is the dividend yield for BlackRock TCP Capital?: BlackRock TCP Capital declared a quarterly dividend on Thursday, November 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.59 per share on Friday, December 29th. This represents a $2.36 dividend on an annualized basis and a yield of 19.85%. The ex-dividend date is Thursday, December 14th. This is an increase from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for TCPC.

Is BlackRock TCP Capital a good dividend stock?: BlackRock TCP Capital (NASDAQ:TCPC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 11.45%. 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 2,266.67%. 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 75.14% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TCPC.
What ETFs hold BlackRock TCP Capital's stock?: ETFs with the largest weight of BlackRock TCP Capital (NASDAQ:TCPC) stock in their portfolio include Virtus Private Credit Strategy ETF (VPC).VanEck BDC Income ETF (BIZD).
What other stocks do shareholders of BlackRock TCP Capital own?: 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).
Who are BlackRock TCP Capital's major shareholders?: BlackRock TCP Capital's stock is owned by many different institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (0.00%), Legal & General Group Plc (0.00%), D.A. Davidson & CO. (0.00%), Hennion & Walsh Asset Management Inc. (0.00%), Advisors Asset Management Inc. (0.00%) and Raymond James & Associates (0.00%). Insiders that own company stock include Andrea Petro, Erik L Cuellar, Karyn Leigh Williams and Rajneesh Vig.
View institutional ownership trends.
How do I buy shares of BlackRock TCP Capital?: 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.
Compare Top Brokerages Here.

This page (NASDAQ:TCPC) was last updated on 11/29/2023 by MarketBeat.com Staff

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