TCP Capital Corp. Company Profile (NASDAQ:TCPC)

About TCP Capital Corp. (NASDAQ:TCPC)

TCP Capital Corp. 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.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Closed End Funds
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:TCPC
  • CUSIP: 87238Q10
  • Web:
Average Prices:
  • 50 Day Moving Avg: $16.76
  • 200 Day Moving Avg: $16.95
  • 52 Week Range: $15.33 - $17.47
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 10.55
  • P/E Growth: 2.71
  • Annual Dividend: $1.44
  • Dividend Yield: 8.7%
  • Net Margins: 58.13%
  • Return on Equity: 12.48%
  • Return on Assets: 7.00%
  • Debt-to-Equity Ratio: 0.77%
  • Current Ratio: 14.79%
  • Quick Ratio: 14.79%
  • Average Volume: 198,727 shs.
  • Beta: 0.77
Frequently Asked Questions for TCP Capital Corp. (NASDAQ:TCPC)

What is TCP Capital Corp.'s stock symbol?

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

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

TCP Capital Corp. declared a quarterly dividend on Thursday, May 11th. Shareholders of record on Friday, June 16th will be given a dividend of $0.36 per share on Friday, June 30th. This represents a $1.44 annualized dividend and a yield of 8.64%. The ex-dividend date is Wednesday, June 14th. View TCP Capital Corp.'s Dividend History.

How will TCP Capital Corp.'s stock buyback program work?

TCP Capital Corp. declared that its board has approved a stock repurchase program on Monday, April 10th 2017, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

How were TCP Capital Corp.'s earnings last quarter?

TCP Capital Corp. (NASDAQ:TCPC) announced its quarterly earnings results on Tuesday, May, 9th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. The firm had revenue of $39.34 million for the quarter, compared to analyst estimates of $38.75 million. TCP Capital Corp. had a net margin of 58.13% and a return on equity of 12.48%. View TCP Capital Corp.'s Earnings History.

When will TCP Capital Corp. make its next earnings announcement?

TCP Capital Corp. is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for TCP Capital Corp..

Where is TCP Capital Corp.'s stock going? Where will TCP Capital Corp.'s stock price be in 2017?

7 brokerages have issued 12 month price objectives for TCP Capital Corp.'s stock. Their predictions range from $15.00 to $18.00. On average, they anticipate TCP Capital Corp.'s share price to reach $17.29 in the next twelve months. View Analyst Ratings for TCP Capital Corp..

What are analysts saying about TCP Capital Corp. stock?

Here are some recent quotes from research analysts about TCP Capital Corp. 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. " (7/13/2017)
  • 2. National Securities analysts commented, "• TCP had a strong quarter with the portfolio at fair value growing to $1.34 billion from $1.31 billion Q/Q, driving NII/share of $0.38 which matched consensus but fell a penny short of our own estimate. We had modeled more prepayment fees for the quarter which didn’t materialize.
    • The 2Q17 equity offering, which we expect will generate net proceeds of $93.6 million, should serve to deleverage the balance sheet and lower D/E to 0.60x from 0.78x Q/Q. This should enable strong portfolio growth through the remainder of 2017 without the need to issue additional equity and as a result we expect modest incremental improvements in NII/share through 2H17.
    • Asset quality remains very strong at TCP with non-accruals at 0.4% of the portfolio at fair value, in-line with the prior quarter. As a result of continued sound credit quality coupled with sound capital management, TCP’s NAV/share increased by a penny Q/Q to $14.92 and we expect the highly accretive 2Q17 equity issuance to bolster NAV/share to $15.06 as of 6/30/17.
    • We are revising our 2017 NII/share estimate to $1.56 from $1.54 and are maintaining our 2018 NII/share estimate of $1.61." (5/11/2017)

Who are some of TCP Capital Corp.'s key competitors?

Who are TCP Capital Corp.'s key executives?

TCP Capital Corp.'s management team includes the folowing people:

  • Howard M. Levkowitz J.D., Chairman of the Board, Chief Executive Officer
  • Rajneesh Vig, President, Chief Operating Officer, Director
  • Paul L. Davis, Chief Financial Officer
  • Elizabeth Greenwood, Chief Compliance Officer, Secretary
  • Todd M. Jaquez-Fissori, Managing Director
  • Kathleen A. Corbet, Independent Director
  • Eric J. Draut, Independent Director
  • Franklin R. Johnson, Independent Director
  • M. Freddie Reiss, Independent Director
  • Peter E. Schwab, Independent Director

Who owns TCP Capital Corp. stock?

TCP Capital Corp.'s stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.00%), Confluence Investment Management LLC (0.00%), Sumitomo Mitsui Asset Management Company LTD (0.00%), State of New Jersey Common Pension Fund D (0.00%), Advisors Capital Management LLC (0.00%) and NGAM Advisors L.P. (0.00%). Company insiders that own TCP Capital Corp. stock include Brian F Wruble, Eric John Draut, Howard Levkowitz, Kathleen A Corbet, Paul L Davis, Peter E Schwab and Rajneesh Vig. View Institutional Ownership Trends for TCP Capital Corp..

Who sold TCP Capital Corp. stock? Who is selling TCP Capital Corp. stock?

TCP Capital Corp.'s stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D and Eagle Global Advisors LLC. View Insider Buying and Selling for TCP Capital Corp..

Who bought TCP Capital Corp. stock? Who is buying TCP Capital Corp. stock?

TCP Capital Corp.'s stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Bank of Montreal Can, Advisors Capital Management LLC, Confluence Investment Management LLC, Sumitomo Mitsui Asset Management Company LTD and NGAM Advisors L.P.. Company insiders that have bought TCP Capital Corp. stock in the last two years include Brian F Wruble, Eric John Draut, Howard Levkowitz, Kathleen A Corbet, Paul L Davis, Peter E Schwab and Rajneesh Vig. View Insider Buying and Selling for TCP Capital Corp..

How do I buy TCP Capital Corp. stock?

Shares of TCP Capital Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TCP Capital Corp.'s stock price today?

One share of TCP Capital Corp. stock can currently be purchased for approximately $16.67.

MarketBeat Community Rating for TCP Capital Corp. (NASDAQ TCPC)
Community Ranking:  2.8 out of 5 ( )
Outperform Votes:  176 (Vote Outperform)
Underperform Votes:  135 (Vote Underperform)
Total Votes:  311
MarketBeat's community ratings are surveys of what our community members think about TCP Capital Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for TCP Capital Corp. (NASDAQ:TCPC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.71)
Consensus Price Target: $17.29 (3.69% upside)

Analysts' Ratings History for TCP Capital Corp. (NASDAQ:TCPC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/25/2017Keefe, Bruyette & WoodsReiterated RatingBuy$18.00LowView Rating Details
5/11/2017National SecuritiesReiterated RatingNeutral$17.00LowView Rating Details
5/11/2017Deutsche Bank AGUpgradeHold -> Buy$18.00MediumView Rating Details
1/20/2017FBR & CoBoost Price Target$18.00N/AView Rating Details
11/11/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
9/22/2016DA DavidsonReiterated RatingBuy$18.00N/AView Rating Details
8/17/2016Citigroup Inc.Boost Price TargetNeutral$14.00 -> $15.00N/AView Rating Details
3/1/2016WunderlichLower Price TargetHold$16.00 -> $15.00N/AView Rating Details
3/1/2016Oppenheimer Holdings, Inc.Reiterated RatingOutperform$16.00N/AView Rating Details
3/1/2016Cantor FitzgeraldReiterated RatingBuy$16.00N/AView Rating Details
(Data available from 7/28/2015 forward)


Earnings History for TCP Capital Corp. (NASDAQ:TCPC)
Earnings by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Earnings History by Quarter for TCP Capital Corp. (NASDAQ TCPC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/3/2017$0.38N/AView Earnings Details
5/9/2017Q1 2017$0.38$0.47$38.75 million$39.34 millionViewListenView Earnings Details
11/8/2016Q316$0.38$0.39$36.42 million$38.47 millionViewListenView Earnings Details
8/9/2016Q216$0.39$0.38$35.22 million$35.60 millionViewN/AView Earnings Details
5/10/2016Q116$0.39$0.38$35.38 million$34.59 millionViewListenView Earnings Details
2/29/2016Q415$0.40$0.43$36.23 million$39.62 millionViewListenView Earnings Details
11/5/2015Q315$0.39$0.40$35.75 million$35.50 millionViewListenView Earnings Details
8/6/2015Q215$0.40$0.44$34.59 million$38.94 millionViewListenView Earnings Details
5/7/2015Q115$0.38$0.47$32.87 million$32.82 millionViewN/AView Earnings Details
3/10/2015Q414$0.39$0.40$30.47 million$32.14 millionViewListenView Earnings Details
11/6/2014Q214$0.38$0.38$26.42 million$27.19 millionViewListenView Earnings Details
8/7/2014Q2$0.38$0.40$23.19 million$24.59 millionViewN/AView Earnings Details
5/8/2014Q114$0.37$0.39$22.28 million$22.67 millionViewN/AView Earnings Details
3/6/2014Q413$0.38$0.46$19.74 millionViewN/AView Earnings Details
11/7/2013Q313$0.38$0.40$16.60 millionViewN/AView Earnings Details
8/8/2013Q2 2013$0.41$0.38$15.49 millionViewN/AView Earnings Details
5/9/2013Q1 2013$0.39$0.49$14.67 millionViewN/AView Earnings Details
3/7/2013Q4 2012$0.46$0.51$12.81 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for TCP Capital Corp. (NASDAQ:TCPC)
2017 EPS Consensus Estimate: $1.56
2018 EPS Consensus Estimate: $1.58
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.39$0.40$0.40
Q2 20172$0.39$0.40$0.40
Q3 20173$0.37$0.41$0.39
Q4 20173$0.37$0.40$0.38
Q1 20181$0.40$0.40$0.40
Q2 20181$0.39$0.39$0.39
Q3 20181$0.41$0.41$0.41
Q4 20181$0.38$0.38$0.38
(Data provided by Zacks Investment Research)


Current Dividend Information for TCP Capital Corp. (NASDAQ:TCPC)
Most Recent Dividend:6/30/2017
Annual Dividend:$1.44
Dividend Yield:8.64%
Payout Ratio:88.34% (Trailing 12 Months of Earnings)
94.12% (Based on This Year's Estimates)
91.14% (Based on Next Year's Estimates)
Dividend Payments by Quarter for TCP Capital Corp. (NASDAQ:TCPC)

Dividend History by Quarter for TCP Capital Corp. (NASDAQ TCPC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for TCP Capital Corp. (NASDAQ:TCPC)
Insider Ownership Percentage: 0.56%
Institutional Ownership Percentage: 50.94%
Insider Trades by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Institutional Ownership by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Insider Trades by Quarter for TCP Capital Corp. (NASDAQ:TCPC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/23/2017Brian F WrubleDirectorBuy10,000$16.63$166,300.00View SEC Filing  
4/20/2017Kathleen A CorbetDirectorBuy3,500$16.54$57,890.00View SEC Filing  
5/27/2016Paul L DavisCFOBuy500$14.48$7,240.00View SEC Filing  
5/20/2016Howard LevkowitzCEOBuy5,000$14.54$72,700.00View SEC Filing  
1/22/2016Brian F WrubleDirectorBuy3,000$12.86$38,580.00View SEC Filing  
1/22/2016Howard LevkowitzCEOBuy5,000$12.87$64,350.00View SEC Filing  
1/22/2016Rajneesh VigCOOBuy4,000$12.96$51,840.00View SEC Filing  
12/18/2015Howard LevkowitzCEOBuy3,000$14.00$42,000.00View SEC Filing  
12/18/2015Peter E. SchwabDirectorBuy3,500$14.07$49,245.00View SEC Filing  
12/11/2015Eric John DrautDirectorBuy1,000$14.42$14,420.00View SEC Filing  
11/16/2015Howard LevkowitzCEOBuy5,000$15.25$76,250.00View SEC Filing  
11/11/2015Brian F WrubleDirectorBuy6,000$15.14$90,840.00View SEC Filing  
9/28/2015Paul L DavisCFOBuy1,000$14.24$14,240.00View SEC Filing  
9/14/2015Rajneesh VigCOOBuy3,750$14.90$55,875.00View SEC Filing  
6/26/2015Howard LevkowitzCEOBuy5,000$15.38$76,900.00View SEC Filing  
10/15/2014Elizabeth GreenwoodInsiderBuy1,000$15.21$15,210.00View SEC Filing  
10/15/2014Peter E SchwabDirectorBuy5,000$15.41$77,050.00View SEC Filing  
10/15/2014Rajneesh VigCOOBuy3,000$15.19$45,570.00View SEC Filing  
10/10/2014Mark HoldsworthInsiderBuy5,000$15.81$79,050.00View SEC Filing  
5/14/2014Mark HoldsworthInsiderBuy10,000$15.86$158,600.00View SEC Filing  
5/13/2014Todd Jaquez-FissoriDirectorBuy1,200$15.81$18,972.00View SEC Filing  
5/12/2014Howard LevkowitzCEOBuy5,000$15.90$79,500.00View SEC Filing  
8/19/2013Eric John DrautDirectorBuy1,000$15.05$15,050.00View SEC Filing  
8/16/2013Franklin JohnsonDirectorBuy3,280$15.23$49,954.40View SEC Filing  
8/13/2013Howard LevkowitzCEOBuy10,000$15.28$152,800.00View SEC Filing  
6/5/2013Franklin JohnsonDirectorBuy3,193$15.70$50,130.10View SEC Filing  
12/17/2012Howard LevkowitzCEOBuy2,300$14.72$33,856.00View SEC Filing  
12/12/2012Mark HoldsworthInsiderBuy10,000$14.82$148,200.00View SEC Filing  
11/28/2012Rajneesh VigPresidentBuy10,000$14.99$149,900.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for TCP Capital Corp. (NASDAQ:TCPC)
Latest Headlines for TCP Capital Corp. (NASDAQ:TCPC)
DateHeadline logoTCP Capital Corp. (NASDAQ:TCPC) Downgraded by BidaskClub to Strong Sell - July 27 at 8:31 PM logoTCP Capital Corp. (TCPC) to Release Quarterly Earnings on Thursday - July 27 at 7:52 AM logoTCP Capital Corp.'s (TCPC) "Buy" Rating Reiterated at Keefe, Bruyette & Woods - July 25 at 5:44 PM logoTCP Capital Corp. (TCPC) Receives Average Recommendation of "Hold" from Brokerages - July 21 at 9:20 AM logo Brokerages Anticipate TCP Capital Corp. (NASDAQ:TCPC) Will Post Quarterly Sales of $40.37 Million - July 20 at 3:22 PM logoZacks: Brokerages Anticipate TCP Capital Corp. (NASDAQ:TCPC) to Announce $0.38 EPS - July 18 at 11:54 AM logoTCP Capital Corp. (TCPC) Cut to "Sell" at BidaskClub - July 16 at 9:32 PM logoReviewing Eaton Vance Floating-Rate Income Trust (EFT) & TCP Capital Corp. (TCPC) - July 11 at 12:22 PM logoTCP Capital Corp. Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2017 - July 6 at 12:14 PM logoTCP Capital Corp. (TCPC) Upgraded by Zacks Investment Research to Hold - July 4 at 8:10 AM logoTuesday 6/27 Insider Buying Report: TCPC, AHH - June 27 at 8:14 PM logoTCP Capital Corp. (TCPC) Rating Lowered to Sell at Zacks Investment Research - June 27 at 11:04 AM logoIdentifying Risk In BDCs - TCP Capital - Seeking Alpha - June 27 at 9:00 AM logoTCP Capital Corp. (TCPC) Director Brian F. Wruble Acquires 10,000 Shares - June 26 at 7:17 PM logoTCP Capital Corp. (TCPC) Given Average Recommendation of "Buy" by Brokerages - June 26 at 9:03 AM logo$40.37 Million in Sales Expected for TCP Capital Corp. (TCPC) This Quarter - June 23 at 1:00 PM logoTCP Capital Corp. (TCPC) Expected to Post Earnings of $0.38 Per Share - June 22 at 12:18 AM logoAnalyzing TCP Capital Corp (TCPC) and MFS Charter Income Trust (MCR) - June 7 at 8:36 AM logoTCP Capital Corp (TCPC) Given a $18.00 Price Target by Keefe, Bruyette & Woods Analysts - June 2 at 12:52 AM logoTCP Capital Corp (TCPC) Given Average Rating of "Buy" by Brokerages - May 30 at 8:00 AM logo Brokerages Anticipate TCP Capital Corp (TCPC) Will Post Quarterly Sales of $40.37 Million - May 28 at 8:04 AM logo$0.38 Earnings Per Share Expected for TCP Capital Corp (TCPC) This Quarter - May 26 at 6:26 PM logoTCP Capital Corp (TCPC) Stock Rating Lowered by Zacks Investment Research - May 17 at 8:58 AM logoTCP Capital Corp (TCPC) Upgraded at Deutsche Bank AG - May 14 at 8:47 AM logoShort Interest in TCP Capital Corp (TCPC) Decreases By 53.0% - May 13 at 7:22 AM logoDA Davidson Comments on TCP Capital Corp's FY2017 Earnings (TCPC) - May 12 at 11:46 AM logoQ2 2017 EPS Estimates for TCP Capital Corp (TCPC) Cut by Analyst - May 12 at 8:04 AM logoTCP Capital Corp Announces Quarterly Dividend of $0.36 (TCPC) - May 11 at 7:14 PM logoTCP Capital Corp (TCPC) Given Neutral Rating at National Securities - May 11 at 4:46 PM logoQ3 2017 EPS Estimates for TCP Capital Corp (TCPC) Lowered by DA Davidson - May 11 at 9:28 AM logoTCP Capital Corp (TCPC) Posts Earnings Results, Beats Estimates By $0.09 EPS - May 10 at 5:42 PM logoTCP Capital's (TCPC) CEO Howard Levkowitz on Q1 2017 Results - Earnings Call Transcript - May 10 at 10:26 AM logoEdited Transcript of TCPC earnings conference call or presentation 9-May-17 5:00pm GMT - May 10 at 10:26 AM logoTCP Capital Corp (TCPC) Raised to "Hold" at Zacks Investment Research - May 10 at 9:20 AM logoBRIEF-TCP Capital Q2 loss per share $0.01 - May 9 at 7:38 PM logoTCP Capital Corp. Announces First Quarter 2017 Financial Results Including Net Investment Income Of $0.38 Per Share; Second Quarter Dividend Of $0.36 Per Share - May 9 at 7:38 PM logoInvestor Network: TCP Capital Corp. to Host Earnings Call - May 9 at 10:10 AM logoTCP Capital tops Street 1Q forecasts - May 9 at 8:42 AM logoTCP Capital Corp (TCPC) Expected to Announce Quarterly Sales of $38.75 Million - May 5 at 3:32 PM logoTCP Capital Corp (TCPC) Earns Daily Media Impact Rating of 0.44 - May 3 at 4:20 PM logo Analysts Expect TCP Capital Corp (TCPC) Will Post Earnings of $0.38 Per Share - May 3 at 9:42 AM logoTCP Capital Corp (TCPC) Given Average Recommendation of "Buy" by Analysts - May 3 at 8:40 AM logoTCP Capital Corp (TCPC) Given Daily Coverage Optimism Rating of -0.12 - April 30 at 11:39 AM logoTCP Capital Corp (TCPC) Rating Reiterated by Keefe, Bruyette & Woods - April 28 at 2:58 PM logoSomewhat Favorable Press Coverage Somewhat Likely to Affect TCP Capital Corp (TCPC) Stock Price - April 27 at 7:50 PM logoTCP Capital Equity Offering: Is It Still A Buy? - April 23 at 8:47 PM logoInsider Invests in TCP Capital - April 23 at 8:47 PM logoTCP Capital Corp (TCPC) Earns Media Impact Rating of 0.18 - April 23 at 11:26 AM logoTCP Capital (TCPC) Reports In-Line EPS Guidance between $0.37 and $0.39 - April 21 at 7:56 PM logoTCP Capital Corp. Announces Pricing Of Public Offering Of Common Shares - April 20 at 9:02 PM



TCP Capital Corp. (TCPC) Chart for Friday, July, 28, 2017

This page was last updated on 7/28/2017 by Staff