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Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
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Slow start to New York's legal pot market leaves farmers holding the bag
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
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With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
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MarketBeat Week in Review – 5/29 - 6/2
NOTICE: Your retirement is in immediate danger (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
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NOTICE: Your retirement is in immediate danger (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
NOTICE: Your retirement is in immediate danger (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
NOTICE: Your retirement is in immediate danger (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
NASDAQ:TCPC

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

$10.73
+0.21 (+2.00%)
(As of 06/2/2023 ET)
Compare
Today's Range
$10.52
$10.77
50-Day Range
$9.76
$10.74
52-Week Range
$9.60
$14.33
Volume
243,297 shs
Average Volume
216,920 shs
Market Capitalization
N/A
P/E Ratio
1,074.07
Dividend Yield
11.93%
Price Target
$12.20

BlackRock TCP Capital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
13.7% Upside
$12.20 Price Target
Short Interest
Healthy
0.82% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-3.45%
From $1.74 to $1.68 Per Share

Overall MarketRank

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

1.42 out of 5 stars


TCPC stock logo

About BlackRock TCP Capital (NASDAQ:TCPC) Stock

TCP Capital Corp. is an externally-managed specialty finance company focused on middle-market lending. We have elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940. Our stock is traded on NASDAQ under the ticker symbol ''TCPC''. TCP Capital's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. We invest primarily in debt of private, middle-market companies with enterprise values typically between $100 million and $1.5 billion, including complex situations requiring specialized industry knowledge. While we invest primarily in senior debt instruments, we have the flexibility to provide financing solutions at any level of the capital structure. With our rigorous approach to due diligence, active investment monitoring and long-term perspective, we are an ideal partner for companies and sponsors seeking a stable source of capital.

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TCPC Stock News Headlines

Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Analyst Ratings for BlackRock TCP Cap
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
BlackRock TCP Capital Corp (8TC.MU)
Q1 2023 BlackRock TCP Capital Corp Earnings Call
Q4 2022 BlackRock TCP Capital Corp Earnings Call
BlackRock TCP Capital Earnings Preview
See More Headlines

TCPC Price History

TCPC Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 3/31 Dividend
3/16/2023
Dividend Payable
3/31/2023
Today
6/03/2023
Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:TCPC
CUSIP
87238Q10
Employees
2,018
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.20
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+13.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-9,230,000.00
Pretax Margin
49.74%

Debt

Sales & Book Value

Annual Sales
$181 million
Cash Flow
$0.07 per share
Book Value
$14.36 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
1.38

Key Executives

  • Rajneesh VigRajneesh Vig
    Chairman & Chief Executive Officer
  • Philip M. Tseng
    President & Chief Operating Officer
  • Erik L. Cuellar
    Chief Financial Officer & Controller
  • Charles C. S. Park
    Chief Compliance Officer
  • Katie McGlynn
    Vice President-Global Investor Relations













TCPC Stock - Frequently Asked Questions

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

5 Wall Street equities 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 equities research analysts is that investors should "buy" TCPC shares.
View TCPC analyst ratings
or view top-rated stocks.

What is BlackRock TCP Capital's stock price forecast for 2023?

5 brokerages have issued 12-month price objectives for BlackRock TCP Capital's shares. 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 13.7% 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 at the beginning of 2023. Since then, TCPC stock has decreased by 17.1% and is now trading at $10.73.
View the best growth stocks for 2023 here
.

Are investors shorting BlackRock TCP Capital?

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 short-interest ratio is currently 1.6 days. Currently, 0.8% of the shares of the company are short sold.
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, August 2nd 2023.
View our TCPC earnings forecast
.

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced its quarterly earnings data on Tuesday, November, 2nd. The investment management company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The investment management company had revenue of $42.72 million for the quarter, compared to analyst estimates of $43.09 million. BlackRock TCP Capital had a trailing twelve-month return on equity of 12.05% and a net margin of 0.55%. During the same quarter in the prior year, the firm earned $0.35 earnings per share.

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, 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 12.67%. The ex-dividend date of this dividend is Thursday, June 15th. This is a boost from the stock's previous quarterly dividend of $0.32.
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 Putnam BDC Income ETF (PBDC), VanEck BDC Income ETF (BIZD) and Virtus Private Credit Strategy ETF (VPC).GraniteShares HIPS US High Income ETF (HIPS).

Is BlackRock TCP Capital a good dividend stock?

BlackRock TCP Capital (NASDAQ:TCPC) pays an annual dividend of $1.28 per share and currently has a dividend yield of 12.17%. 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.

What other stocks do shareholders of BlackRock TCP Capital own?
What is BlackRock TCP Capital's stock symbol?

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

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 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
.

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.

What is BlackRock TCP Capital's stock price today?

One share of TCPC stock can currently be purchased for approximately $10.73.

How many employees does BlackRock TCP Capital have?

The company employs 2,018 workers across the globe.

How can I contact BlackRock TCP Capital?

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.

This page (NASDAQ:TCPC) was last updated on 6/4/2023 by MarketBeat.com Staff

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