BlackRock TCP Capital (TCPC) Projected to Post Quarterly Earnings on Thursday

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect BlackRock TCP Capital to post earnings of $0.38 per share and revenue of $65.20 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

BlackRock TCP Capital Price Performance

Shares of NASDAQ TCPC traded up $0.01 during trading hours on Friday, reaching $9.45. 514,820 shares of the stock traded hands, compared to its average volume of 476,997. The company has a market capitalization of $808.83 million, a P/E ratio of -18.90 and a beta of 1.50. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. BlackRock TCP Capital has a 52-week low of $7.71 and a 52-week high of $11.52. The company's 50-day simple moving average is $8.94 and its two-hundred day simple moving average is $8.81.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TCPC. Wells Fargo & Company raised their price objective on BlackRock TCP Capital from $7.50 to $8.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. StockNews.com upgraded BlackRock TCP Capital from a "sell" rating to a "hold" rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.00.

Insider Buying and Selling

In other BlackRock TCP Capital news, President Jason Mehring acquired 4,500 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $9.30 per share, for a total transaction of $41,850.00. Following the transaction, the president now owns 19,914 shares in the company, valued at $185,200.20. This represents a 29.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.