NASDAQ:TCPC

BlackRock TCP Capital - TCPC Stock Forecast, Price & News

$9.94

+0.21 (+2.16%)

(As of 03/24/2023 12:00 AM ET)

Add

Compare

Today's Range: $9.60
▼
$9.96
50-Day Range: $9.73
▼
$13.37
52-Week Range: $9.60
▼
$14.52

Volume: 220,568 shs
Average Volume: 416,643 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 12.88%
Price Target: $12.40

Institutional Ownership

BlackRock TCP Capital MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 24.7% Upside
$12.40 Price Target
Short Interest: Healthy
0.85% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -4.29%
From $1.63 to $1.56 Per Share

Overall MarketRank^™

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

2.12 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
BlackRock TCP Capital has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.40, BlackRock TCP Capital has a forecasted upside of 24.7% from its current price of $9.94.
Amount of Analyst Coverage
BlackRock TCP Capital has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.85% of the float of BlackRock TCP Capital has been sold short.
Short Interest Ratio / Days to Cover
BlackRock TCP Capital has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in BlackRock TCP Capital has recently increased by 0.78%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
BlackRock TCP Capital is a leading dividend payer. It pays a dividend yield of 13.13%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
BlackRock TCP Capital has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on EPS estimates, BlackRock TCP Capital will have a dividend payout ratio of 82.05% in the coming year. This indicates that BlackRock TCP Capital may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCPC.

3.3

News and Social Media Coverage

News Sentiment
BlackRock TCP Capital has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for BlackRock TCP Capital this week, compared to 1 article on an average week.
Search Interest
30 people have searched for TCPC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added BlackRock TCP Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BlackRock TCP Capital insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.71% of the stock of BlackRock TCP Capital is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for BlackRock TCP Capital are expected to decrease by -4.29% in the coming year, from $1.63 to $1.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BlackRock TCP Capital is -62.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of BlackRock TCP Capital is -62.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
BlackRock TCP Capital has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Receive TCPC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for BlackRock TCP Capital and its competitors with MarketBeat's FREE daily newsletter.

TCPC Stock News Headlines

March 24, 2023 | americanbankingnews.com

Reviewing BlackRock TCP Capital (NASDAQ:TCPC) and Fairfax Financial (OTCMKTS:FRFHF)

March 16, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on BlackRock TCP Capital (NASDAQ:TCPC)

March 25, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

March 1, 2023 | finance.yahoo.com

Q4 2022 BlackRock TCP Capital Corp Earnings Call

March 1, 2023 | markets.businessinsider.com

Raymond James Reaffirms Their Buy Rating on BlackRock TCP Capital (TCPC)

March 1, 2023 | benzinga.com

BlackRock TCP Capital shares are trading lower after the company reported Q4 financial results.

February 28, 2023 | msn.com

BlackRock TCP Capital NII of $0.40 beats by $0.01, Total investment income of $46.7M in-line

February 28, 2023 | msn.com

BlackRock TCP Capital declares $0.32 dividend

March 25, 2023 | Weiss Ratings (Ad)

Bank Accounts: Frozen!

In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!

February 28, 2023 | finance.yahoo.com

BlackRock TCP Capital Corp. Announces 2022 Financial Results Including Fourth Quarter Net Investment Income of $0.40 Per Share; Declares First Quarter 2023 Dividend of $0.32 Per Share; 43 Consecutive Quarters of Dividend Coverage

February 28, 2023 | msn.com

BlackRock TCP Capital Q4 2022 Earnings Preview

February 27, 2023 | msn.com

BlackRock TCP Capital Earnings Preview

February 18, 2023 | finance.yahoo.com

TCPC Feb 2023 12.500 put

January 18, 2023 | reuters.com

TCPC.OQ - | Stock Price & Latest News | Reuters

January 18, 2023 | finance.yahoo.com

BlackRock TCP Capital Corp. Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2022

January 18, 2023 | reuters.com

TCPC.A - | Stock Price & Latest News | Reuters

December 15, 2022 | msn.com

BlackRock TCP Capital declares $0.05 special dividend

December 15, 2022 | finance.yahoo.com

BlackRock TCP Capital Corp. Announces Special Dividend of $0.05 Per Share

November 16, 2022 | seekingalpha.com

BlackRock TCP Capital: Q3 Update - A Dividend Hike With Room For More

November 4, 2022 | msn.com

Recap: BlackRock TCP Cap Q3 Earnings

November 4, 2022 | seekingalpha.com

BlackRock TCP Capital Corp. (TCPC) Q3 2022 Earnings Call Transcript

November 3, 2022 | finance.yahoo.com

BlackRock TCP Capital Corp. Announces Third Quarter 2022 Financial Results Including Net Investment Income of $0.42 Per Share; Increases Dividend to $0.32 Per Share; 42 Consecutive Quarters of Dividend Coverage

November 3, 2022 | finance.yahoo.com

BlackRock TCP (TCPC) Beats Q3 Earnings and Revenue Estimates

November 1, 2022 | finance.yahoo.com

BlackRock TCP Capital Corp. Announces Appointment of Karen L. Leets as Independent Director

October 10, 2022 | finance.yahoo.com

BlackRock TCP Capital Corp. to Report Third Quarter 2022 Financial Results on November 3, 2022

August 9, 2022 | finance.yahoo.com

Will BlackRock TCP (TCPC) Gain on Rising Earnings Estimates?

August 5, 2022 | finance.yahoo.com

BlackRock TCP (TCPC) Upgraded to Strong Buy: What Does It Mean for the Stock?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive TCPC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for BlackRock TCP Capital and its competitors with MarketBeat's FREE daily newsletter.

TCPC Company Calendar

Last Earnings: 11/02/2021
Ex-Dividend for 1/12 Dividend: 12/28/2022
Dividend Payable: 1/12/2023
Ex-Dividend for 3/31 Dividend: 3/16/2023
Today: 3/25/2023
Dividend Payable: 3/31/2023
Next Earnings (Estimated): 5/03/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fire, marine, & casualty insurance
Sub-Industry: Asset Management & Custody Banks
Sector: Finance
Current Symbol: NASDAQ:TCPC
CUSIP: 87238Q10
CIK: 1370755
Web: www.tcpcapital.com
Phone: (310) 566-1000
Fax: 310-899-4950
Employees: 2,018
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.40
High Stock Price Forecast: $13.00
Low Stock Price Forecast: $11.00
Forecasted Upside/Downside: +24.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 6.10
P/E Growth: N/A
Net Income: $-9,230,000.00
Net Margins: -5.10%
Pretax Margin: 48.86%
Return on Equity: 11.07%
Return on Assets: 4.86%

Debt

Debt-to-Equity Ratio: 1.26
Current Ratio: 18.88
Quick Ratio: 18.88

Sales & Book Value

Annual Sales: $181 million
Price / Sales: N/A
Cash Flow: $0.07 per share
Price / Cash Flow: 134.23
Book Value: $14.36 per share
Price / Book: 0.69

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 1.39

Key Executives

Rajneesh 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TCPC Stock - Frequently Asked Questions

Should I buy or sell BlackRock TCP Capital stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 1-year price targets for BlackRock TCP Capital's stock. Their TCPC share price forecasts range from $11.00 to $13.00. On average, they expect the company's share price to reach $12.40 in the next year. This suggests a possible upside of 24.7% 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 shares have decreased by 23.2% and is now trading at $9.94.
View the best growth stocks for 2023 here.
When is BlackRock TCP Capital's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our TCPC earnings forecast.
How were BlackRock TCP Capital's earnings last quarter?: BlackRock TCP Capital Corp. (NASDAQ:TCPC) posted its earnings results on Tuesday, November, 2nd. The investment management company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. The investment management company had revenue of $42.72 million for the quarter, compared to the consensus estimate of $43.09 million. BlackRock TCP Capital had a positive trailing twelve-month return on equity of 11.07% and a negative net margin of 5.10%. During the same quarter last year, the firm posted $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 Tuesday, February 28th. Stockholders of record on Friday, March 17th will be given a dividend of $0.32 per share on Friday, March 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.88%. The ex-dividend date is Thursday, March 16th.
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 13.13%. TCPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for TCPC.
What other stocks do shareholders of BlackRock TCP Capital own?: Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock TCP Capital investors own include Ares Capital (ARCC), Energy Transfer (ET), AT&T (T), Monroe Capital (MRCC), New Residential Investment (NRZ), Enterprise Products Partners (EPD), Hercules Capital (HTGC), Annaly Capital Management (NLY), Prospect Capital (PSEC) and TriplePoint Venture Growth BDC (TPVG).
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 many different retail and institutional investors. Top institutional shareholders include Millennium Management LLC (0.00%), Van ECK Associates Corp (0.00%), Morgan Stanley (0.00%), Bank of America Corp DE (0.00%), Legal & General Group Plc (0.00%) and Two Sigma Investments LP (0.00%). 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 $9.94.
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 3/25/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

BlackRock TCP Capital - TCPC Stock Forecast, Price & News

BlackRock TCP Capital MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About BlackRock TCP Capital (NASDAQ:TCPC) Stock

TCPC Stock News Headlines

TCPC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

TCPC Stock - Frequently Asked Questions

Overall MarketRank^™