NASDAQ:TCPC - TCP Capital Stock Price, Price Target & More

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$14.40 -0.03 (-0.21 %)
(As of 06/24/2018 02:59 AM ET)
Previous Close$14.40
Today's Range$14.39 - $14.49
52-Week Range$13.72 - $17.03
Volume168,069 shs
Average Volume218,034 shs
Market Capitalization$848.86 million
P/E Ratio7.24
Dividend Yield9.98%
Beta0.67
TCP Capital logoTCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Its investments may include an equity component and may make equity investments directly. It intends to focus on privately negotiated investments in debt of middle-market companies. It may make investments of all kinds and at all levels of the capital structure, including in equity interests, such as preferred or common stock and warrants or options received in connection with its debt investments. As of December 31, 2016, its investment portfolio consisted of 90 portfolio companies. Tennenbaum Capital Partners, LLC is the investment manager and advisor of the Company.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.88
Current Ratio8.22
Quick Ratio8.22

Price-To-Earnings

Trailing P/E Ratio7.24
Forward P/E Ratio9.23
P/E Growth1.85

Sales & Book Value

Annual Sales$175.97 million
Price / Sales4.81
Cash Flow$1.7844 per share
Price / Cash8.07
Book Value$14.81 per share
Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)$1.99
Net Income$90.61 million
Net Margins45.28%
Return on Equity11.94%
Return on Assets6.49%

Miscellaneous

EmployeesN/A
Outstanding Shares58,830,000

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TCP Capital (NASDAQ:TCPC) Frequently Asked Questions

What is TCP Capital's stock symbol?

TCP Capital trades on the NASDAQ under the ticker symbol "TCPC."

How often does TCP Capital pay dividends? What is the dividend yield for TCP Capital?

TCP Capital declared a quarterly dividend on Thursday, May 10th. Shareholders of record on Friday, June 15th will be given a dividend of $0.36 per share on Friday, June 29th. This represents a $1.44 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date is Thursday, June 14th. View TCP Capital's Dividend History.

How will TCP Capital's stock buyback program work?

TCP Capital announced that its board 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 generally an indication that the company's board believes its shares are undervalued.

How were TCP Capital's earnings last quarter?

TCP Capital Corp (NASDAQ:TCPC) released its quarterly earnings data on Wednesday, May, 9th. The investment management company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by $0.02. The investment management company had revenue of $44.22 million for the quarter, compared to analysts' expectations of $45.10 million. TCP Capital had a net margin of 45.28% and a return on equity of 11.94%. View TCP Capital's Earnings History.

When is TCP Capital's next earnings date?

TCP Capital is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for TCP Capital.

What price target have analysts set for TCPC?

6 brokerages have issued twelve-month price objectives for TCP Capital's shares. Their forecasts range from $17.00 to $19.00. On average, they anticipate TCP Capital's stock price to reach $17.60 in the next twelve months. View Analyst Ratings for TCP Capital.

What are Wall Street analysts saying about TCP Capital stock?

Here are some recent quotes from research analysts about TCP Capital stock:
  • 1. According to Zacks Investment Research, "TCP Capital Corp. is an externally managed specialty finance company focused on middle-market lending. The Company's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCP Capital Corp. is based in Santa Monica, CA. " (5/15/2018)
  • 2. National Securities analysts commented, "• TCPC posted NII/share of $0.41 versus our estimate of $0.40 and consensus estimates of $0.38. We expect that the company received a decent amount of prepayment-related income as sales, maturities, and pay-downs jumped to $222.6 million from $158.1 million Q/Q.
    • The company’s conservative approach to its base dividend lead to a NII payout ratio of 90% for 2017, which we expect to drop down slightly to 89% and 87% for 2018 and 2019, respectively. We continue to expect earnings to exceed the dividend by a comfortable margin, although we expect the company will keep the dividend flat and use the excess NII to build NAV/share.
    • TCPC had record deployments of $865 million for 2017 and the portfolio at fair value increased Y/Y to $1.51 billion from $1.31 billion. We expect the portfolio to continue to experience steady but strong growth the next two years as TCP continues to prove that it’s capable of sourcing attractive risk-adjusted return investments even in challenging loan environments. Additionally, we do not think TCP is growing for the sake of growing, as the company has allowed the portfolio to shrink many times. With a lookback feature that extends to the inception of the company we note that management has demonstrated time and time again that their goal above all else is NAV preservation; something they have been very good at.
    • We are revising our 2018 NII/share estimate to $1.61 from $1.59 and are rolling out our 2019 NII/share estimate of $1.65. We expect prepayments to slow in 2018 and for prepayment-related income to slow with it before we expect heavier prepayment activity to boost earnings Y/Y for 2019." (2/28/2018)

Who are some of TCP Capital's key competitors?

Who are TCP Capital's key executives?

TCP Capital's management team includes the folowing people:
  • Howard M. Levkowitz J.D., Chairman of the Board, Chief Executive Officer (Age 50)
  • Rajneesh Vig, President, Chief Operating Officer, Director (Age 46)
  • Paul L. Davis, Chief Financial Officer (Age 43)
  • Elizabeth Greenwood, Chief Compliance Officer, Secretary (Age 54)
  • Todd M. Jaquez-Fissori, Managing Director (Age 47)
  • Kathleen A. Corbet, Independent Director (Age 57)
  • Eric J. Draut, Independent Director (Age 60)
  • Franklin R. Johnson, Independent Director (Age 81)
  • M. Freddie Reiss, Independent Director (Age 70)
  • Peter E. Schwab, Independent Director (Age 73)

Has TCP Capital been receiving favorable news coverage?

Media coverage about TCPC stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TCP Capital earned a coverage optimism score of 0.15 on Accern's scale. They also assigned media coverage about the investment management company an impact score of 46.23 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are TCP Capital's major shareholders?

TCP Capital's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Burgundy Asset Management Ltd. (5.46%), Vaughan Nelson Investment Management L.P. (5.07%), Muzinich & Co. Inc. (2.75%), UBS Group AG (1.82%), Millennium Management LLC (0.99%) and Guggenheim Capital LLC (0.78%). Company insiders that own TCP Capital stock include Brian F Wruble, Eric John Draut, Howard Levkowitz, Kathleen A Corbet, Mark Holdsworth and Rajneesh Vig. View Institutional Ownership Trends for TCP Capital.

Which institutional investors are selling TCP Capital stock?

TCPC stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Millennium Management LLC, Vaughan Nelson Investment Management L.P., UBS Group AG, Guggenheim Capital LLC, BlackRock Inc., Stifel Financial Corp and Atlantic Trust Group LLC. View Insider Buying and Selling for TCP Capital.

Which institutional investors are buying TCP Capital stock?

TCPC stock was purchased by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Quantitative Systematic Strategies LLC, Fort Washington Investment Advisors Inc. OH, Legal & General Group Plc, Relative Value Partners Group LLC, Mckinley Capital Management LLC Delaware, Advisors Capital Management LLC and Great West Life Assurance Co. Can. Company insiders that have bought TCP Capital stock in the last two years include Brian F Wruble, Eric John Draut, Howard Levkowitz, Kathleen A Corbet, Mark Holdsworth and Rajneesh Vig. View Insider Buying and Selling for TCP Capital.

How do I buy shares of 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 TCP Capital's stock price today?

One share of TCPC stock can currently be purchased for approximately $14.40.

How big of a company is TCP Capital?

TCP Capital has a market capitalization of $848.86 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.

How can I contact TCP Capital?

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 TCP Capital (TCPC)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  277 (Vote Outperform)
Underperform Votes:  208 (Vote Underperform)
Total Votes:  485
MarketBeat's community ratings are surveys of what our community members think about 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 6/24/2018 by MarketBeat.com Staff

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