TCP Capital Corp. Company Profile (NASDAQ:TCPC)

About TCP Capital Corp. (NASDAQ:TCPC)

TCP Capital Corp. logoTCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Its investments may include an equity component and may make equity investments directly. It intends to focus on privately negotiated investments in debt of middle-market companies. It may make investments of all kinds and at all levels of the capital structure, including in equity interests, such as preferred or common stock and warrants or options received in connection with its debt investments. As of December 31, 2016, its investment portfolio consisted of 90 portfolio companies. Tennenbaum Capital Partners, LLC is the investment manager and advisor of the Company.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Closed End Funds
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:TCPC
  • CUSIP: 87238Q10
  • Web: www.tcpcapital.com
Average Prices:
  • 50 Day Moving Avg: $16.33
  • 200 Day Moving Avg: $16.73
  • 52 Week Range: $15.33 - $17.47
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 10.30
  • P/E Growth: 2.07
Dividend:
  • Annual Dividend: $1.44
  • Dividend Yield: 8.8%
Profitability:
  • Net Margins: 54.74%
  • Return on Equity: 12.93%
  • Return on Assets: 7.29%
Debt:
  • Debt-to-Equity Ratio: 0.66%
  • Current Ratio: 1.64%
  • Quick Ratio: 1.64%
Misc:
  • Average Volume: 156,958 shs.
  • Beta: 0.76
 

Frequently Asked Questions for TCP Capital Corp. (NASDAQ:TCPC)

What is TCP Capital Corp.'s stock symbol?

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

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

TCP Capital Corp. declared a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, September 15th will be given a dividend of $0.36 per share on Friday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date of this dividend is Thursday, September 14th. View TCP Capital Corp.'s Dividend History.

How will TCP Capital Corp.'s stock buyback program work?

TCP Capital Corp. announced that its board has authorized a stock repurchase plan on Monday, April 10th 2017, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its shares are undervalued.

How were TCP Capital Corp.'s earnings last quarter?

TCP Capital Corp. (NASDAQ:TCPC) announced its earnings results on Thursday, August, 3rd. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. The company had revenue of $46.23 million for the quarter, compared to analyst estimates of $40.37 million. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. View TCP Capital Corp.'s Earnings History.

When will TCP Capital Corp. make its next earnings announcement?

TCP Capital Corp. is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for TCP Capital Corp..

Where is TCP Capital Corp.'s stock going? Where will TCP Capital Corp.'s stock price be in 2017?

6 equities research analysts have issued 1 year price targets for TCP Capital Corp.'s stock. Their forecasts range from $18.00 to $19.00. On average, they anticipate TCP Capital Corp.'s share price to reach $18.25 in the next year. View Analyst Ratings for TCP Capital Corp..

What are analysts saying about TCP Capital Corp. stock?

Here are some recent quotes from research analysts about TCP Capital Corp. stock:

  • 1. National Securities analysts commented, "• We are upgrading TCPC to BUY from NEUTRAL and raising our price target to $19 from $17. To remind our readers, we had previously downgraded shares to NEUTRAL in November 2016 for valuation only. TCP has continued to outperform most peers in the sector with a more favorable fee structure, consistently strong economic returns, minimal credit issues, and steady portfolio growth. With comparable peers trading much richer and TCP continuing to have excellent operational performance, we think the gap between peers and TCP will narrow and think that TCPC shares have additional upside.
    • NAV improved Q/Q to $15.04 from $14.92, largely as a result of the accretive equity issuance done at a 13% premium to 1Q17 NAV/share. The portfolio at fair value increased by 8% Q/Q to $1.45 billion with origination volume during the quarter a very robust $263.4 million. We think TCP saw good deal flow and opportunities as the company has always been a very disciplined credit investor.
    • We are revising our 2017 NII/share estimate to $1.58 from $1.56 and are revising our 2018 NII/share estimate to $1.60 from $1.61." (8/7/2017)
  • 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. " (7/13/2017)

Who are some of TCP Capital Corp.'s key competitors?

Who are TCP Capital Corp.'s key executives?

TCP Capital Corp.'s management team includes the folowing people:

  • Howard M. Levkowitz J.D., Chairman of the Board, Chief Executive Officer
  • Rajneesh Vig, President, Chief Operating Officer, Director
  • Paul L. Davis, Chief Financial Officer
  • Elizabeth Greenwood, Chief Compliance Officer, Secretary
  • Todd M. Jaquez-Fissori, Managing Director
  • Kathleen A. Corbet, Independent Director
  • Eric J. Draut, Independent Director
  • Franklin R. Johnson, Independent Director
  • M. Freddie Reiss, Independent Director
  • Peter E. Schwab, Independent Director

How do I buy TCP Capital Corp. stock?

Shares of TCP Capital Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TCP Capital Corp.'s stock price today?

One share of TCP Capital Corp. stock can currently be purchased for approximately $16.38.


MarketBeat Community Rating for TCP Capital Corp. (NASDAQ TCPC)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  156 (Vote Underperform)
Total Votes:  359
MarketBeat's community ratings are surveys of what our community members think about TCP Capital Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for TCP Capital Corp. (NASDAQ:TCPC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $18.25 (11.42% upside)
Consensus Price Target History for TCP Capital Corp. (NASDAQ:TCPC)
Price Target History for TCP Capital Corp. (NASDAQ:TCPC)
Analysts' Ratings History for TCP Capital Corp. (NASDAQ:TCPC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Keefe, Bruyette & WoodsSet Price TargetBuy$18.00N/AView Rating Details
8/7/2017National Bank FinancialUpgradeSector Perform -> OutperformLowView Rating Details
8/7/2017National SecuritiesUpgradeNeutral -> Buy$17.00 -> $19.00HighView Rating Details
5/11/2017Deutsche Bank AGUpgradeHold -> Buy$18.00MediumView Rating Details
1/20/2017FBR & CoBoost Price Target$18.00N/AView Rating Details
11/11/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
9/22/2016DA DavidsonReiterated RatingBuy$18.00N/AView Rating Details
8/17/2016Citigroup Inc.Boost Price TargetNeutral$14.00 -> $15.00N/AView Rating Details
3/1/2016WunderlichLower Price TargetHold$16.00 -> $15.00N/AView Rating Details
3/1/2016Oppenheimer Holdings, Inc.Reiterated RatingOutperform$16.00N/AView Rating Details
3/1/2016Cantor FitzgeraldReiterated RatingBuy$16.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for TCP Capital Corp. (NASDAQ:TCPC)
Earnings by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Earnings History by Quarter for TCP Capital Corp. (NASDAQ TCPC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017$0.38N/AView Earnings Details
8/3/2017Q2 2017$0.38$0.43$40.37 million$46.23 millionViewListenView Earnings Details
5/9/2017Q1 2017$0.38$0.47$38.75 million$39.34 millionViewListenView Earnings Details
11/8/2016Q316$0.38$0.39$36.42 million$38.47 millionViewListenView Earnings Details
8/9/2016Q216$0.39$0.38$35.22 million$35.60 millionViewN/AView Earnings Details
5/10/2016Q116$0.39$0.38$35.38 million$34.59 millionViewListenView Earnings Details
2/29/2016Q415$0.40$0.43$36.23 million$39.62 millionViewListenView Earnings Details
11/5/2015Q315$0.39$0.40$35.75 million$35.50 millionViewListenView Earnings Details
8/6/2015Q215$0.40$0.44$34.59 million$38.94 millionViewListenView Earnings Details
5/7/2015Q115$0.38$0.47$32.87 million$32.82 millionViewN/AView Earnings Details
3/10/2015Q414$0.39$0.40$30.47 million$32.14 millionViewListenView Earnings Details
11/6/2014Q214$0.38$0.38$26.42 million$27.19 millionViewListenView Earnings Details
8/7/2014Q2$0.38$0.40$23.19 million$24.59 millionViewN/AView Earnings Details
5/8/2014Q114$0.37$0.39$22.28 million$22.67 millionViewN/AView Earnings Details
3/6/2014Q413$0.38$0.46$19.74 millionViewN/AView Earnings Details
11/7/2013Q313$0.38$0.40$16.60 millionViewN/AView Earnings Details
8/8/2013Q2 2013$0.41$0.38$15.49 millionViewN/AView Earnings Details
5/9/2013Q1 2013$0.39$0.49$14.67 millionViewN/AView Earnings Details
3/7/2013Q4 2012$0.46$0.51$12.81 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TCP Capital Corp. (NASDAQ:TCPC)
2017 EPS Consensus Estimate: $1.56
2018 EPS Consensus Estimate: $1.58
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.39$0.40$0.40
Q2 20172$0.39$0.40$0.40
Q3 20173$0.37$0.41$0.39
Q4 20173$0.37$0.40$0.38
Q1 20181$0.40$0.40$0.40
Q2 20181$0.39$0.39$0.39
Q3 20181$0.41$0.41$0.41
Q4 20181$0.38$0.38$0.38
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for TCP Capital Corp. (NASDAQ:TCPC)
Most Recent Dividend:9/29/2017
Annual Dividend:$1.44
Dividend Yield:8.79%
Payout Ratio:92.90% (Trailing 12 Months of Earnings)
90.57% (Based on This Year's Estimates)
90.57% (Based on Next Year's Estimates)
Dividend Payments by Quarter for TCP Capital Corp. (NASDAQ:TCPC)

Dividend History by Quarter for TCP Capital Corp. (NASDAQ TCPC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2017Quarterly$0.368.51%9/14/20179/15/20179/29/2017
5/11/2017quarterly$0.368.44%6/14/20176/16/20176/30/2017
2/28/2017Quarterly$0.368.36%3/15/20173/17/20173/31/2017
11/9/2016quarterly$0.368.82%12/14/201612/16/201612/30/2016
8/10/2016quarterly$0.368.95%9/14/20169/16/20169/30/2016
5/11/2016quarterly$0.369.75%6/14/20166/16/20166/30/2016
3/1/2016quarterly$0.3610.49%3/15/20163/17/20163/31/2016
11/6/2015quarterly$0.369.41%12/15/201512/17/201512/31/2015
8/7/2015quarterly$0.369.5%9/14/20159/16/20159/30/2015
5/8/2015quarterly$0.369.25%6/12/20156/16/20156/30/2015
3/10/2015quarterly$0.368.92%3/17/20153/19/20153/31/2015
11/6/2014quarterly$0.368.51%12/4/201412/8/201412/31/2014
8/7/2014quarterly$0.368.31%9/12/20149/16/20149/30/2014
5/9/2014quarterly$0.369.11%6/16/20146/18/20146/30/2014
3/6/2014quarterly$0.368.36%3/13/20143/17/20143/31/2014
11/8/2013special$0.058.34%12/6/201312/10/201312/31/2013
11/8/2013quarterly$0.368.34%12/6/201312/10/201312/31/2013
8/9/2013quarterly$0.369.36%9/5/20139/9/20139/30/2013
5/8/2013quarterly$0.369.26%6/5/20136/7/20136/28/2013
3/8/2013quarterly$0.358.93%3/14/20133/18/20133/29/2013
3/7/2013special$0.058.93%3/14/20133/18/20133/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for TCP Capital Corp. (NASDAQ:TCPC)
Insider Ownership Percentage: 0.56%
Institutional Ownership Percentage: 53.33%
Insider Trades by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Institutional Ownership by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Insider Trades by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/23/2017Brian F WrubleDirectorBuy10,000$16.63$166,300.00View SEC Filing  
4/20/2017Kathleen A CorbetDirectorBuy3,500$16.54$57,890.00View SEC Filing  
5/27/2016Paul L DavisCFOBuy500$14.48$7,240.00View SEC Filing  
5/20/2016Howard LevkowitzCEOBuy5,000$14.54$72,700.00View SEC Filing  
1/22/2016Brian F WrubleDirectorBuy3,000$12.86$38,580.00View SEC Filing  
1/22/2016Howard LevkowitzCEOBuy5,000$12.87$64,350.00View SEC Filing  
1/22/2016Rajneesh VigCOOBuy4,000$12.96$51,840.00View SEC Filing  
12/18/2015Howard LevkowitzCEOBuy3,000$14.00$42,000.00View SEC Filing  
12/18/2015Peter E. SchwabDirectorBuy3,500$14.07$49,245.00View SEC Filing  
12/11/2015Eric John DrautDirectorBuy1,000$14.42$14,420.00View SEC Filing  
11/16/2015Howard LevkowitzCEOBuy5,000$15.25$76,250.00View SEC Filing  
11/11/2015Brian F WrubleDirectorBuy6,000$15.14$90,840.00View SEC Filing  
9/28/2015Paul L DavisCFOBuy1,000$14.24$14,240.00View SEC Filing  
9/14/2015Rajneesh VigCOOBuy3,750$14.90$55,875.00View SEC Filing  
6/26/2015Howard LevkowitzCEOBuy5,000$15.38$76,900.00View SEC Filing  
10/15/2014Elizabeth GreenwoodInsiderBuy1,000$15.21$15,210.00View SEC Filing  
10/15/2014Peter E SchwabDirectorBuy5,000$15.41$77,050.00View SEC Filing  
10/15/2014Rajneesh VigCOOBuy3,000$15.19$45,570.00View SEC Filing  
10/10/2014Mark HoldsworthInsiderBuy5,000$15.81$79,050.00View SEC Filing  
5/14/2014Mark HoldsworthInsiderBuy10,000$15.86$158,600.00View SEC Filing  
5/13/2014Todd Jaquez-FissoriDirectorBuy1,200$15.81$18,972.00View SEC Filing  
5/12/2014Howard LevkowitzCEOBuy5,000$15.90$79,500.00View SEC Filing  
8/19/2013Eric John DrautDirectorBuy1,000$15.05$15,050.00View SEC Filing  
8/16/2013Franklin JohnsonDirectorBuy3,280$15.23$49,954.40View SEC Filing  
8/13/2013Howard LevkowitzCEOBuy10,000$15.28$152,800.00View SEC Filing  
6/5/2013Franklin JohnsonDirectorBuy3,193$15.70$50,130.10View SEC Filing  
12/17/2012Howard LevkowitzCEOBuy2,300$14.72$33,856.00View SEC Filing  
12/12/2012Mark HoldsworthInsiderBuy10,000$14.82$148,200.00View SEC Filing  
11/28/2012Rajneesh VigPresidentBuy10,000$14.99$149,900.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for TCP Capital Corp. (NASDAQ:TCPC)
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Chart

TCP Capital Corp. (TCPC) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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