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NASDAQ:TCPCBlackRock TCP Capital Stock Price, Forecast & News

$10.36
+0.17 (+1.67 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$10.30
Now: $10.36
$10.82
50-Day Range
$7.13
MA: $8.67
$10.35
52-Week Range
$4.02
Now: $10.36
$14.79
Volume690,687 shs
Average Volume331,949 shs
Market Capitalization$598.50 million
P/E RatioN/A
Dividend Yield14.13%
Beta1.57
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


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$195.17 million
Cash Flow$1.29 per share
Book Value$13.21 per share

Profitability

Net Income$30.58 million

Miscellaneous

EmployeesN/A
Market Cap$598.50 million
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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BlackRock TCP Capital (NASDAQ:TCPC) Frequently Asked Questions

How has BlackRock TCP Capital's stock been impacted by COVID-19 (Coronavirus)?

BlackRock TCP Capital's stock was trading at $11.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TCPC shares have decreased by 10.0% and is now trading at $10.36. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of BlackRock TCP Capital?

5 Wall Street 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, resulting in a consensus recommendation of "Buy." View analyst ratings for BlackRock TCP Capital.

When is BlackRock TCP Capital's next earnings date?

BlackRock TCP Capital is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for BlackRock TCP Capital.

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp (NASDAQ:TCPC) posted its quarterly earnings results on Monday, May, 11th. The investment management company reported ($2.74) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $3.11. The investment management company earned $41.25 million during the quarter, compared to analysts' expectations of $45.37 million. BlackRock TCP Capital had a negative net margin of 33.37% and a positive return on equity of 12.22%. View BlackRock TCP Capital's earnings history.

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 Monday, May 11th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.36 per share on Tuesday, June 30th. This represents a $1.44 annualized dividend and a yield of 13.90%. The ex-dividend date of this dividend is Monday, June 15th. View BlackRock TCP Capital's dividend history.

What price target have analysts set for TCPC?

5 brokerages have issued 12 month target prices for BlackRock TCP Capital's stock. Their forecasts range from $9.50 to $14.50. On average, they anticipate BlackRock TCP Capital's share price to reach $11.63 in the next year. This suggests a possible upside of 12.2% from the stock's current price. View analysts' price targets for BlackRock TCP Capital.

Has BlackRock TCP Capital been receiving favorable news coverage?

Headlines about TCPC stock have trended positive recently, InfoTrie Sentiment reports. InfoTrie 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 coverage optimism score of 3.0 on InfoTrie's scale. They also gave news stories about the investment management company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutBlackRock TCP Capital.

Are investors shorting BlackRock TCP Capital?

BlackRock TCP Capital saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 860,200 shares, a decrease of 5.9% from the April 30th total of 913,700 shares. Based on an average trading volume of 655,900 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.5% of the company's shares 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 following 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)

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 a number of institutional and retail investors. Top institutional shareholders include Barings LLC (2.78%), Cliffwater LLC (1.57%), Invesco Ltd. (1.27%), Van ECK Associates Corp (1.17%), Confluence Investment Management LLC (0.99%) and Confluence Investment Management LLC (0.99%). Company insiders that own BlackRock TCP Capital stock include Brian F Wruble, Eric John Draut, Howard Levkowitz, Karyn Leigh Williams, Kathleen A Corbet, Michael E Leitner, Paul L Davis and Rajneesh Vig. View institutional ownership trends for BlackRock TCP Capital.

Which institutional investors are selling BlackRock TCP Capital stock?

TCPC stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Victory Capital Management Inc., Victory Capital Management Inc., UBS Group AG, Confluence Investment Management LLC, Confluence Investment Management LLC, Virtus ETF Advisers LLC, and Mackenzie Financial Corp. View insider buying and selling activity for BlackRock TCP Capital.

Which institutional investors are buying BlackRock TCP Capital stock?

TCPC stock was acquired by a variety of institutional investors in the last quarter, including Barings LLC, Sumitomo Mitsui Trust Holdings Inc., Two Sigma Advisers LP, Cliffwater LLC, Cornell Pochily Investment Advisors Inc., Cornell Pochily Investment Advisors Inc., Dynamic Technology Lab Private Ltd, and Fort Washington Investment Advisors Inc. OH. 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, Michael E Leitner, Paul L Davis, and Rajneesh Vig. View insider buying and selling activity 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 $10.36.

How big of a company is BlackRock TCP Capital?

BlackRock TCP Capital has a market capitalization of $598.50 million and generates $195.17 million in revenue each year. The investment management company earns $30.58 million in net income (profit) each year or $1.61 on an earnings per share basis.

What is BlackRock TCP Capital's official website?

The official website for BlackRock TCP Capital is 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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