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

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$14.11 +0.22 (+1.58 %)
(As of 11/19/2018 04:00 PM ET)
Previous Close$13.89
Today's Range$13.98 - $14.11
52-Week Range$13.71 - $16.25
Volume15,702 shs
Average Volume351,570 shs
Market Capitalization$816.59 million
P/E Ratio7.09
Dividend Yield10.37%
Beta0.7
BlackRock 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
Current SymbolNASDAQ:TCPC
Previous Symbol
CUSIP87238Q10
Phone310-566-1000

Debt

Debt-to-Equity Ratio0.90
Current Ratio2.01
Quick Ratio2.01

Price-To-Earnings

Trailing P/E Ratio7.09
Forward P/E Ratio8.82
P/E Growth1.74

Sales & Book Value

Annual Sales$175.97 million
Price / Sales4.71
Cash Flow$1.8160 per share
Price / Cash7.77
Book Value$14.81 per share
Price / Book0.95

Profitability

EPS (Most Recent Fiscal Year)$1.99
Net Income$90.61 million
Net Margins31.79%
Return on Equity11.56%
Return on Assets6.00%

Miscellaneous

EmployeesN/A
Outstanding Shares58,790,000
Market Cap$816.59 million
OptionableOptionable

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 declared a quarterly dividend on Thursday, November 8th. Stockholders of record on Monday, December 17th will be given a dividend of $0.36 per share on Monday, December 31st. This represents a $1.44 annualized dividend and a dividend yield of 10.21%. The ex-dividend date of this dividend is Friday, December 14th. View BlackRock TCP Capital's Dividend History.

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

BlackRock TCP Capital announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 28th 2018, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp (NASDAQ:TCPC) announced its quarterly earnings results on Thursday, November, 8th. The investment management company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.02. The investment management company earned $49.48 million during the quarter, compared to analysts' expectations of $48.06 million. BlackRock TCP Capital had a net margin of 31.79% and a return on equity of 11.56%. 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, February 26th 2019. View Earnings Estimates for BlackRock TCP Capital.

What price target have analysts set for TCPC?

5 brokers have issued 12 month price targets for BlackRock TCP Capital's stock. Their forecasts range from $16.00 to $19.00. On average, they expect BlackRock TCP Capital's share price to reach $17.10 in the next twelve months. This suggests a possible upside of 21.3% 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. According to Zacks Investment Research, "BlackRock TCP Capital Corp. is an externally-managed non-diversified closed-end management investment company. It focused on middle-market lending. BlackRock TCP Capital Corp., formerly known as TCP Capital Corp., is headquartered in Santa Monica, CA. " (11/16/2018)
  • 2. National Securities analysts commented, " TCPC posted NII/share of $0.42 for 3Q18, two cents above our estimate and comfortably above the $0.36/share quarterly dividend. The company earned prepayment-related income (fees and OID acceleration) of about $0.06/share on the quarter.
     NAV/share decreased to $14.51 from $14.61 Q/Q as unrealized losses pertaining to Green Biologics, Real Mex, and AGY totaled $10.8 million. Subsequent to quarter-end the Real Mex position was exited near the 9/30/18 marks and thus we expect no change in NAV/share as a result of this exit. Real Mex represented the only non-accrual loan TCP had at the end of the quarter.
     The company received Board approval to reduce asset coverage to 150% from 200%. However, the company will also seek shareholder approval which we expect them to receive in 1Q19. Concomitant with shareholder approval, base fees would be cut to 100 bps on assets purchased with D/E over 1.00x, the hurdle rate on the incentive would be lowered to 7% from 8%, and the incentive fee would be reduced to 17.5% from 20.0%.
     We think that the overhang on the stock is largely from some market participants possibly expecting a merger with TCPC and BlackRock Capital Investment Corporation. (NYSE: BKCC – NR - $6.04). However, we note that this would need a shareholder vote that we do not think the company would receive and we think instead Blackrock is more likely to either sell the external management contract or let TCPC’s management run this vehicle simultaneously for years until the portfolios look almost the same and then vote to merge them down the road.
     We are revising our 2018 NII/share estimate to $1.62 from $1.57 and our 2019 NII/share estimate to $1.70 from $1.63. We are maintaining our BUY rating and our $19 price target." (11/12/2018)

Has BlackRock TCP Capital been receiving favorable news coverage?

News coverage about TCPC stock has been trending somewhat positive recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BlackRock TCP Capital earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave news headlines about the investment management company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.

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 a number of of institutional and retail investors. Top institutional investors include Burgundy Asset Management Ltd. (4.82%), Vaughan Nelson Investment Management L.P. (4.00%), Muzinich & Co. Inc. (1.57%), Cliffwater LLC (0.86%), Neuberger Berman Group LLC (0.68%) and Advisors Asset Management Inc. (0.49%). Company insiders that own BlackRock TCP Capital stock include Brian F Wruble, Eric John Draut, Howard Levkowitz, Karyn Leigh Williams, Kathleen A Corbet, Mark Holdsworth, Paul L Davis 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 Vaughan Nelson Investment Management L.P., Muzinich & Co. Inc., Burgundy Asset Management Ltd., GSA Capital Partners LLP, Advisors Asset Management Inc., Alliancebernstein L.P., BlackRock Inc. and Fort Washington Investment Advisors Inc. OH. 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 Cliffwater LLC, Bramshill Investments LLC, Acadian Asset Management LLC, State Treasurer State of Michigan, Bank of Montreal Can, Caxton Associates LP, Mirae Asset Global Investments Co. Ltd. and Mackenzie Financial Corp. Company insiders that have bought BlackRock TCP Capital stock in the last two years include Brian F Wruble, Eric John Draut, Howard Levkowitz, Karyn Leigh Williams, Kathleen A Corbet, Mark Holdsworth, Paul L Davis 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 $14.10.

How big of a company is BlackRock TCP Capital?

BlackRock TCP Capital has a market capitalization of $816.59 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:  320 (Vote Outperform)
Underperform Votes:  247 (Vote Underperform)
Total Votes:  567
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 11/19/2018 by MarketBeat.com Staff

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