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

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$14.20 -0.05 (-0.35 %)
(As of 09/26/2018 02:22 AM ET)
Previous Close$14.25
Today's Range$14.16 - $14.35
52-Week Range$13.72 - $16.71
Volume170,800 shs
Average Volume231,463 shs
Market Capitalization$845.05 million
P/E Ratio7.14
Dividend Yield10.02%
Beta0.78
BlackRock TCP Capital logoBlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. 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. It prefers to make equity investments in companies for an ownership stake.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Fire, marine, & casualty insurance
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:TCPC
CUSIP87238Q10
Phone310-566-1000

Debt

Debt-to-Equity Ratio0.93
Current Ratio6.38
Quick Ratio6.38

Price-To-Earnings

Trailing P/E Ratio7.14
Forward P/E Ratio9.04
P/E Growth1.83

Sales & Book Value

Annual Sales$175.97 million
Price / Sales4.75
Cash Flow$1.7684 per share
Price / Cash8.03
Book Value$14.81 per share
Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)$1.99
Net Income$90.61 million
Net Margins32.55%
Return on Equity11.22%
Return on Assets5.90%

Miscellaneous

EmployeesN/A
Outstanding Shares58,810,000
Market Cap$845.05 million

BlackRock TCP Capital (NASDAQ:TCPC) Frequently Asked Questions

What is BlackRock TCP Capital's stock symbol?

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

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

BlackRock TCP Capital announced a quarterly dividend on Wednesday, August 8th. Stockholders of record on Friday, September 14th will be given a dividend of $0.36 per share on Friday, September 28th. This represents a $1.44 annualized dividend and a dividend yield of 10.14%. The ex-dividend date of this dividend is Thursday, September 13th. View BlackRock TCP Capital's Dividend History.

How will BlackRock TCP Capital's stock buyback program work?

BlackRock TCP Capital declared that its board has authorized a share repurchase plan on Wednesday, February 28th 2018, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp (NASDAQ:TCPC) announced its quarterly earnings results on Wednesday, August, 8th. The investment management company reported $0.41 EPS for the quarter, topping the Zacks' consensus estimate of $0.39 by $0.02. The investment management company had revenue of $48.42 million for the quarter, compared to analysts' expectations of $47.46 million. BlackRock TCP Capital had a net margin of 32.55% and a return on equity of 11.22%. View BlackRock TCP Capital's Earnings History.

When is BlackRock TCP Capital's next earnings date?

BlackRock TCP Capital is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for BlackRock TCP Capital.

What price target have analysts set for TCPC?

5 Wall Street analysts have issued 12 month price objectives for BlackRock TCP Capital's stock. Their predictions range from $16.50 to $19.00. On average, they expect BlackRock TCP Capital's share price to reach $17.30 in the next year. This suggests a possible upside of 21.8% from the stock's current price. View Analyst Price Targets for BlackRock TCP Capital.

What is the consensus analysts' recommendation for BlackRock TCP Capital?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for BlackRock TCP Capital.

What are Wall Street analysts saying about BlackRock TCP Capital stock?

Here are some recent quotes from research analysts about BlackRock TCP Capital stock:
  • 1. National Securities analysts commented, " For 2Q18, TCPC earned NII/share of $0.41, a penny above our estimate and well above the $0.36/share quarterly dividend. TCP has not earned less than $0.37/share since 2Q13. We regard the dividend policy as too conservative, but nonetheless respect TCP avoiding a situation where the dividend might have to potentially be cut. As a result, we don’t expect a base dividend increase unless credit spreads widen materially and for a sustained period of time.
     The company’s NAV/share decreased Q/Q to $14.61 from $14.90, largely as a result of four investments: Kawa Solar, AGY, Green Biologics, and Real Mex. These four investments had unrealized depreciation of $16.9 million combined during the quarter. Kawa drove the biggest portion of the total write-down at $6.1 million. The total unrealized depreciation on these four assets accounted for 82.5% of the quarter’s total unrealized depreciation.
     We expect NAV/share to stabilize and then improve as TCP has proven itself to be one of the best underwriters in the sector. We model TCP’s NAV/share to close 2018 and 2019 at $14.85 and $15.17, respectively, which would accordingly generate an economic return of 10.1% for 2018 and 11.9% for 2019.
     On 8/1/18, the acquisition of the platform by BlackRock (NYSE: BLK – NR - $478.95) announced in April was completed and the company was renamed BlackRock TCP Capital Corp.
     We are maintaining both our 2018 NII/share estimate of $1.57 and our 2019 NII/share estimate of $1.63. We are maintaining our BUY rating and our $19 price target." (8/13/2018)
  • 2. According to Zacks Investment Research, "TCP Capital Corp. is an externally managed specialty finance company focused on middle-market lending. The Company's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCP Capital Corp. is based in Santa Monica, CA. " (7/12/2018)

Who are some of BlackRock TCP Capital's key competitors?

Who are BlackRock TCP Capital's key executives?

BlackRock TCP Capital's management team includes the folowing people:
  • Mr. Howard Marshall Levkowitz, Chairman & CEO (Age 51)
  • Mr. Rajneesh Vig CPA, Pres & COO (Age 47)
  • Mr. Michael E. Leitner, Managing Partner (Age 50)
  • Mr. Mark Keith Holdsworth, Managing Partner (Age 53)
  • Mr. Philip M. Tseng, Managing Partner (Age 41)

Who are BlackRock TCP Capital's major shareholders?

BlackRock TCP Capital's stock is owned by many different of institutional and retail investors. Top institutional investors include Burgundy Asset Management Ltd. (5.14%), Vaughan Nelson Investment Management L.P. (4.99%), Millennium Management LLC (0.70%), Advisors Capital Management LLC (0.64%), Bank of America Corp DE (0.64%) and 6 Meridian (0.62%). Company insiders that own BlackRock TCP Capital stock include Brian F Wruble, Eric John Draut, Howard Levkowitz, Kathleen A Corbet, Mark Holdsworth and Rajneesh Vig. View Institutional Ownership Trends for BlackRock TCP Capital.

Which major investors are selling BlackRock TCP Capital stock?

TCPC stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Burgundy Asset Management Ltd., Millennium Management LLC, Advisors Asset Management Inc., Sumitomo Mitsui Asset Management Company LTD, Vaughan Nelson Investment Management L.P., Quantitative Systematic Strategies LLC and P.A.W. Capital Corp. View Insider Buying and Selling for BlackRock TCP Capital.

Which major investors are buying BlackRock TCP Capital stock?

TCPC stock was purchased by a variety of institutional investors in the last quarter, including 6 Meridian, Bank of Montreal Can, Fort Washington Investment Advisors Inc. OH, GSA Capital Partners LLP, Bank of America Corp DE, Advisors Capital Management LLC, D.A. Davidson & CO. and Raymond James & Associates. Company insiders that have bought BlackRock TCP Capital stock in the last two years include Brian F Wruble, Eric John Draut, Howard Levkowitz, Kathleen A Corbet, Mark Holdsworth and Rajneesh Vig. View Insider Buying and Selling for BlackRock TCP Capital.

How do I buy shares of BlackRock TCP Capital?

Shares of TCPC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is BlackRock TCP Capital's stock price today?

One share of TCPC stock can currently be purchased for approximately $14.20.

How big of a company is BlackRock TCP Capital?

BlackRock TCP Capital has a market capitalization of $845.05 million and generates $175.97 million in revenue each year. The investment management company earns $90.61 million in net income (profit) each year or $1.99 on an earnings per share basis.

What is BlackRock TCP Capital's official website?

The official website for BlackRock TCP Capital is http://www.tcpcapital.com.

How can I contact BlackRock TCP Capital?

BlackRock TCP Capital's mailing address is 2951 28th Street Suite 1000, Santa Monica CA, 90405. The investment management company can be reached via phone at 310-566-1000 or via email at [email protected]


MarketBeat Community Rating for BlackRock TCP Capital (NASDAQ TCPC)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  312 (Vote Outperform)
Underperform Votes:  239 (Vote Underperform)
Total Votes:  551
MarketBeat's community ratings are surveys of what our community members think about BlackRock TCP Capital and other stocks. Vote "Outperform" if you believe TCPC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TCPC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/26/2018 by MarketBeat.com Staff

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