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

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$14.39 +0.01 (+0.07 %)
(As of 04/18/2019 02:26 PM ET)
Previous Close$14.38
Today's Range$14.37 - $14.43
52-Week Range$12.52 - $14.98
Volume3,466 shs
Average Volume188,918 shs
Market Capitalization$845.70 million
P/E Ratio9.04
Dividend Yield10.08%
Beta0.8
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

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$1.8425 per share
Book Value$14.13 per share

Profitability

Net Income$45.48 million

Miscellaneous

EmployeesN/A
Market Cap$845.70 million
Next Earnings Date5/8/2019 (Confirmed)
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, February 28th. Shareholders of record on Friday, March 15th will be given a dividend of $0.36 per share on Friday, March 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date is Thursday, March 14th. 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 initiated a stock buyback program on Wednesday, February 28th 2018, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication 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, February, 28th. The investment management company reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The investment management company had revenue of $48.38 million for the quarter, compared to the consensus estimate of $49.43 million. BlackRock TCP Capital had a net margin of 23.87% and a return on equity of 10.93%. 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 Wednesday, May 8th 2019. View Earnings Estimates for BlackRock TCP Capital.

What price target have analysts set for TCPC?

4 brokerages have issued 12-month target prices for BlackRock TCP Capital's shares. Their forecasts range from $16.00 to $18.00. On average, they expect BlackRock TCP Capital's share price to reach $16.8750 in the next year. This suggests a possible upside of 17.3% from the stock's current price. View Analyst Price Targets for BlackRock TCP Capital.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last year. There are currently 4 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. " (3/13/2019)
  • 2. National Securities analysts commented, "▪ For 4Q18, TCPC earned NII/share of $0.40, shy of our $0.43/share estimate but well above the $0.36/share quarterly dividend. NAV/share was down to $14.13 from $14.51 Q/Q and from $14.80 Y/Y.
    ▪ During the quarter, AGY was written down by $3.4mm, Green Biologics by $8.2mm, and Kawa Solar by $2.1mm for combined depreciation of $13.6mm. As noted last quarter, the only non-accrual, Real Mex, was exited in 4Q18. This was a legacy investment from before TCPC had its IPO. The company realized a loss of $25.8mm on Real Mex for 2018 and also had a $4.1mm realized loss on the exit of Globecomm.
    ▪ While AGY, Green Biologics, and Kawa have all been written down significantly we think it’s certainly plausible to expect further write-downs on these assets. While this isn’t crippling in any way for TCPC, it could potentially pressure NAV.
    ▪ TCPC’s Board approved reduced asset coverage and the company’s shareholders approved the reduction on 2/8/19, making the reduced asset coverage effective immediately. Although management has not provided leverage guidance, we note that the company has investment grade ratings from S&P, Moody’s, and Fitch. Thus far, peers that have maintained these ratings with reduced asset coverage have targeted between 0.90x-1.25x D/E and thus we expect TCPC to do the same.
    ▪ We continue to regard TCPC as one of the most disciplined underwriters in the sector with one of the most shareholder friendly fee structures with a lookback to the inception of the company. We are revising our 2019 NII/share estimate to $1.68 from $1.70. and are rolling out our 2020 NII/share estimate of $1.70. We are maintaining our BUY rating and trimming our price target to $18 from $19." (3/4/2019)

Has BlackRock TCP Capital been receiving favorable news coverage?

Media coverage about TCPC stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BlackRock TCP Capital earned a news sentiment score of 0.7 on InfoTrie's scale. They also assigned news stories about the investment management company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock's share price in the near term.

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

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 LP Unit (ET), AT&T (T), New Residential Investment (NRZ), Monroe Capital (MRCC), Hercules Capital (HTGC), ANNALY CAP MGMT/SH (NLY), New Mountain Finance (NMFC), Prospect Capital (PSEC) and Apollo Investment (AINV).

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 Confluence Investment Management LLC (1.46%), Dubuque Bank & Trust Co. (0.22%), Monument Capital Management (0.14%), Quantitative Systematic Strategies LLC (0.03%) and Spectrum Management Group Inc. (0.02%). 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 Quantitative Systematic Strategies LLC and Monument 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 Confluence Investment Management LLC, Spectrum Management Group Inc. and Dubuque Bank & Trust Co.. 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 $14.39.

How big of a company is BlackRock TCP Capital?

BlackRock TCP Capital has a market capitalization of $845.70 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.

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:  340 (Vote Outperform)
Underperform Votes:  274 (Vote Underperform)
Total Votes:  614
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 4/18/2019 by MarketBeat.com Staff

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