S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
NASDAQ:TCPC

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

$10.22
+0.03 (+0.29%)
(As of 04/19/2024 ET)
Today's Range
$10.17
$10.27
50-Day Range
$9.90
$11.26
52-Week Range
$9.61
$13.00
Volume
327,430 shs
Average Volume
533,512 shs
Market Capitalization
N/A
P/E Ratio
15.49
Dividend Yield
13.31%
Price Target
$11.25

BlackRock TCP Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.1% Upside
$11.25 Price Target
Short Interest
Healthy
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-6.36%
From $1.73 to $1.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.90 out of 5 stars

TCPC stock logo

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

TCPC Stock News Headlines

“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
BlackRock TCP Capital Corp.
BlackRock TCP Capital Corp (TCPC)
“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
Q4 2023 BlackRock TCP Capital Corp Earnings Call
BlackRock TCP Capital Corp. (TCPC)
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 3/29 Dividend
3/13/2024
Dividend Payable
3/29/2024
Today
4/21/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:TCPC
CUSIP
87238Q10
Employees
19,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.25
High Stock Price Target
$12.00
Low Stock Price Target
$10.50
Potential Upside/Downside
+10.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$38.47 million
Pretax Margin
51.02%

Debt

Sales & Book Value

Annual Sales
$209.33 million
Cash Flow
$0.07 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
1.43
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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 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TCPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCPC, but not buy additional shares or sell existing 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 12-month price targets for BlackRock TCP Capital's shares. Their TCPC share price targets range from $10.50 to $12.00. On average, they anticipate the company's stock price to reach $11.25 in the next year. This suggests a possible upside of 10.1% 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 2024?

BlackRock TCP Capital's stock was trading at $11.54 at the start of the year. Since then, TCPC stock has decreased by 11.4% and is now trading at $10.22.
View the best growth stocks for 2024 here
.

Are investors shorting BlackRock TCP Capital?

BlackRock TCP Capital saw a decline in short interest in March. As of March 31st, there was short interest totaling 833,500 shares, a decline of 55.4% from the March 15th total of 1,870,000 shares. Based on an average daily volume of 470,800 shares, the short-interest ratio is currently 1.8 days.
View BlackRock TCP Capital's Short Interest
.

When is BlackRock TCP Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our TCPC earnings forecast
.

How can I listen to BlackRock TCP Capital's earnings call?

BlackRock TCP Capital will be holding an earnings conference call on Wednesday, May 1st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "108648".

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced its earnings results on Thursday, February, 29th. The investment management company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.04. The investment management company earned $50.85 million during the quarter, compared to analyst estimates of $53.36 million. BlackRock TCP Capital had a trailing twelve-month return on equity of 14.59% and a net margin of 18.38%.

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 Thursday, February 29th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.34 per share on Friday, March 29th. This represents a $1.36 annualized dividend and a dividend yield of 13.31%. The ex-dividend date of this dividend is Wednesday, March 13th.
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 13.31%. 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 206.06%. 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 83.95% 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 Kingsbarn Dividend Opportunity ETF (DVDN), Virtus Private Credit Strategy ETF (VPC) and Invesco KBW High Dividend Yield Financial ETF (KBWD).VanEck BDC Income ETF (BIZD).

What other stocks do shareholders of BlackRock TCP Capital own?
Who are BlackRock TCP Capital's major shareholders?

BlackRock TCP Capital's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennion & Walsh Asset Management Inc. (0.00%), Confluence Investment Management LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.00%), Ignite Planners LLC (0.00%), Wealthcare Advisory Partners LLC (0.00%) and SeaCrest Wealth Management LLC (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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TCPC) was last updated on 4/21/2024 by MarketBeat.com Staff

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