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

$14.48
+0.13 (+0.91 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
$14.38
Now: $14.48
$14.51
50-Day Range
$13.52
MA: $14.05
$14.48
52-Week Range
$12.52
Now: $14.48
$14.88
Volume220,520 shs
Average Volume249,501 shs
Market Capitalization$850.93 million
P/E Ratio9.11
Dividend Yield10.03%
Beta0.69
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$190.50 million
Cash Flow$1.83 per share
Book Value$14.13 per share

Profitability

Net Income$45.48 million

Miscellaneous

EmployeesN/A
Market Cap$850.93 million
Next Earnings Date2/27/2020 (Estimated)
OptionableOptionable

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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, November 6th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.36 per share on Tuesday, December 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date of this dividend is Monday, December 16th. View BlackRock TCP Capital's Dividend History.

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

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

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp (NASDAQ:TCPC) announced its quarterly earnings data on Thursday, August, 8th. The investment management company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The investment management company had revenue of $48.18 million for the quarter, compared to the consensus estimate of $47.17 million. BlackRock TCP Capital had a net margin of 15.69% and a return on equity of 11.72%. 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 Thursday, February 27th 2020. View Earnings Estimates for BlackRock TCP Capital.

What price target have analysts set for TCPC?

2 Wall Street analysts have issued 1-year price objectives for BlackRock TCP Capital's stock. Their forecasts range from $16.00 to $18.00. On average, they anticipate BlackRock TCP Capital's stock price to reach $17.00 in the next year. This suggests a possible upside of 17.4% from the stock's current price. View Analyst Price Targets for BlackRock TCP Capital.

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last year. There are currently 2 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. " (11/9/2019)
  • 2. National Securities analysts commented, "▪ TCPC wrapped up a solid quarter with NMII/share coming in at $0.40, a penny short of our estimate but comfortably above the quarterly dividend of $0.36/share. This is the 28th consecutive quarter where NII has covered the dividend and although we lean towards calling the dividend policy “too conservative” we respect that the company never wishes to be in a situation where it’s forced to cut the dividend, which we think should provide a good deal of comfort to shareholders.
    ▪ TCPC had unrealized appreciation of $1.1mm for the quarter, as spread compression and positive technical marks outweighed a couple write-downs. There are no non-accruals at TCP but Green Biologics was further written down by $2.5mm Q/Q and Kawa Solar by $558K. Kawa continues to be wound down and the $7.6mm pay-down is indicative of further progress in that effort. The total position is marked at 39% of cost from 60% Q/Q and while it’s possible for this to be marked down further, the marks are already low enough that this wouldn’t be a major event for NAV.
    ▪ The company upsized its credit facilities by $50mm each and lowered the pricing on the SVCP facility by 50 bps over LIBOR. Shareholders approved the reduced asset coverage ratio for TCPC in February which affords the company flexibility which we anticipate management will utilize in a prudent manner. We continue to regard TCP as one of the most disciplined underwriters in the sector and we think the reduced asset coverage will permit the company to comfortably increase leverage an opportunistic basis, especially in times of market dislocation, but we don’t expect the company to run balance sheet leverage too high. The company had its investment grade rating from both Moody’s and S&P reaffirmed after getting Board approval for reduced asset coverage. Although TCPC doesn’t provide leverage guidance, its peers that have had their investment grade ratings have targeted D/E ranges of 0.90x-1.25x and thus we’d expect TCPC to stay well under 1.25x (inclusive of SBA debentures).
    ▪ We are revising our 2019 NII/share estimate to $1.65 from $1.68 and are our 2020 NII/share estimate to $1.67 from $1.70." (5/13/2019)

Has BlackRock TCP Capital been receiving favorable news coverage?

News stories about TCPC stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. BlackRock TCP Capital earned a media sentiment score of -4.3 on InfoTrie's scale. They also gave press coverage about the investment management company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for BlackRock TCP Capital.

Are investors shorting BlackRock TCP Capital?

BlackRock TCP Capital saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 410,500 shares, an increase of 57.8% from the October 31st total of 260,200 shares. Based on an average daily trading volume, of 272,200 shares, the short-interest ratio is currently 1.5 days. Currently, 0.7% of the company's stock are sold short. View BlackRock TCP Capital's Current Options Chain.

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

What other stocks do shareholders of BlackRock TCP Capital own?

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 52)
  • Mr. Rajneesh Vig CPA, Pres, COO & Director (Age 48)
  • Mr. Michael E. Leitner, Managing Partner (Age 51)
  • Mr. Mark Keith Holdsworth, Managing Partner (Age 54)
  • Mr. Philip M. Tseng, Managing Partner (Age 42)

Who are BlackRock TCP Capital's major shareholders?

BlackRock TCP Capital's stock is owned by many different of retail and institutional investors. Top institutional investors include State of Michigan Retirement System (2.63%), Confluence Investment Management LLC (1.37%), D.A. Davidson & CO. (0.46%), California Public Employees Retirement System (0.20%), Monument Capital Management (0.15%) and Jag Capital Management LLC (0.10%). Company insiders that own BlackRock TCP Capital stock include Eric John Draut, Howard Levkowitz, Karyn Leigh Williams, Kathleen A Corbet, Mark Holdsworth, Michael E Leitner, 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 Millennium Management LLC, Confluence Investment Management LLC, Oppenheimer & Co. Inc., Sound Income Strategies LLC, NEXT Financial Group Inc and Covington Capital Management. View Insider Buying and Selling for BlackRock TCP Capital.

Which major investors are buying BlackRock TCP Capital stock?

TCPC stock was bought by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, California Public Employees Retirement System, Wiley BROS. Aintree Capital LLC, CWM LLC, D.A. Davidson & CO., Monument Capital Management, Jag Capital Management LLC and Cetera Advisor Networks LLC. Company insiders that have bought BlackRock TCP Capital stock in the last two years include Eric John Draut, Howard Levkowitz, Karyn Leigh Williams, Kathleen A Corbet, Mark Holdsworth, Michael E Leitner, 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, Robinhood, Fidelity and Charles Schwab.

What is BlackRock TCP Capital's stock price today?

One share of TCPC stock can currently be purchased for approximately $14.48.

How big of a company is BlackRock TCP Capital?

BlackRock TCP Capital has a market capitalization of $850.93 million and generates $190.50 million in revenue each year. The investment management company earns $45.48 million in net income (profit) each year or $1.59 on an earnings per share basis. View Additional Information About BlackRock TCP Capital.

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:  2.7 out of 5 (star star)
Outperform Votes:  365 (Vote Outperform)
Underperform Votes:  313 (Vote Underperform)
Total Votes:  678
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 12/6/2019 by MarketBeat.com Staff

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