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

$14.41
+0.09 (+0.63 %)
(As of 12/13/2019 06:30 AM ET)
Today's Range
$14.37
Now: $14.41
$14.50
50-Day Range
$13.63
MA: $14.15
$14.48
52-Week Range
$12.52
Now: $14.41
$14.88
Volume354,343 shs
Average Volume251,600 shs
Market Capitalization$846.82 million
P/E Ratio9.06
Dividend Yield10.06%
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$1.84 per share
Book Value$14.13 per share

Profitability

Net Income$45.48 million

Miscellaneous

EmployeesN/A
Market Cap$846.82 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 declared a quarterly dividend on Wednesday, November 6th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.36 per share on Tuesday, December 31st. This represents a $1.44 annualized dividend and a dividend yield of 9.99%. The ex-dividend date is Monday, December 16th. View BlackRock TCP Capital's Dividend History.

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

BlackRock TCP Capital announced that its board has initiated a stock repurchase program on Wednesday, February 28th 2018, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp (NASDAQ:TCPC) issued its earnings results on Wednesday, November, 6th. The investment management company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The investment management company earned $51.64 million during the quarter, compared to analyst estimates of $49.37 million. BlackRock TCP Capital had a return on equity of 11.72% and a net margin of 15.69%. 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 analysts have issued 1 year price objectives for BlackRock TCP Capital's shares. Their forecasts range from $16.00 to $18.00. On average, they expect BlackRock TCP Capital's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 18.0% 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 articles about TCPC stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 1.3 on InfoTrie's scale. They also gave news articles about the investment management company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for BlackRock TCP Capital.

Are investors shorting BlackRock TCP Capital?

BlackRock TCP Capital saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 305,400 shares, an increase of 7.8% from the November 14th total of 283,200 shares. Based on an average daily trading volume, of 225,800 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company's stock are short sold. 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 a number of of institutional and retail investors. Top institutional shareholders 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 acquired 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 $14.41.

How big of a company is BlackRock TCP Capital?

BlackRock TCP Capital has a market capitalization of $846.82 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:  314 (Vote Underperform)
Total Votes:  679
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 12/13/2019 by MarketBeat.com Staff

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