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BlackRock TCP Capital (TCPC) Stock Price, News & Analysis

BlackRock TCP Capital logo
$8.94 +0.16 (+1.82%)
(As of 11:30 AM ET)

About BlackRock TCP Capital Stock (NASDAQ:TCPC)

Key Stats

Today's Range
$8.81
$8.96
50-Day Range
$7.80
$9.14
52-Week Range
$7.71
$12.43
Volume
143,024 shs
Average Volume
504,639 shs
Market Capitalization
$765.17 million
P/E Ratio
N/A
Dividend Yield
15.21%
Price Target
$9.00
Consensus Rating
Reduce

Company Overview

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. 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 including complex situations. It prefers to make equity investments in companies for an ownership stake.

BlackRock TCP Capital Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
36th Percentile Overall Score

TCPC MarketRank™: 

BlackRock TCP Capital scored higher than 36% of companies evaluated by MarketBeat, and ranked 812th out of 958 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    BlackRock TCP Capital has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 5 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    BlackRock TCP Capital has only been the subject of 1 research reports in the past 90 days.

  • Read more about BlackRock TCP Capital's stock forecast and price target.
  • Earnings Growth

    Earnings for BlackRock TCP Capital are expected to decrease by -10.30% in the coming year, from $1.65 to $1.48 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of BlackRock TCP Capital is -17.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of BlackRock TCP Capital is -17.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    BlackRock TCP Capital has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about BlackRock TCP Capital's valuation and earnings.
  • Percentage of Shares Shorted

    1.97% of the outstanding shares of BlackRock TCP Capital have been sold short.
  • Short Interest Ratio / Days to Cover

    BlackRock TCP Capital has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in BlackRock TCP Capital has recently decreased by 6.63%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    BlackRock TCP Capital is a leading dividend payer. It pays a dividend yield of 15.33%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    BlackRock TCP Capital does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on EPS estimates, BlackRock TCP Capital will have a dividend payout ratio of 91.89% in the coming year. This indicates that BlackRock TCP Capital may not be able to sustain their current dividend.

  • Read more about BlackRock TCP Capital's dividend.
  • Percentage of Shares Shorted

    1.97% of the outstanding shares of BlackRock TCP Capital have been sold short.
  • Short Interest Ratio / Days to Cover

    BlackRock TCP Capital has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in BlackRock TCP Capital has recently decreased by 6.63%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    BlackRock TCP Capital has a news sentiment score of 1.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for BlackRock TCP Capital this week, compared to 2 articles on an average week.
  • Search Interest

    Only 6 people have searched for TCPC on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added BlackRock TCP Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, BlackRock TCP Capital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $381,875.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 0.16% of the stock of BlackRock TCP Capital is held by insiders.

  • Read more about BlackRock TCP Capital's insider trading history.
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TCPC Stock News Headlines

BlackRock TCP Capital Reports Strong Q3 2024 Results
Q3 2024 BlackRock TCP Capital Corp Earnings Call
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BlackRock TCP Capital reports Q3 EPS 36c, consensus 39c
BlackRock TCP Capital Announces Strong Q3 2024 Performance
See More Headlines

TCPC Stock Analysis - Frequently Asked Questions

BlackRock TCP Capital's stock was trading at $11.54 at the beginning of 2024. Since then, TCPC shares have decreased by 22.5% and is now trading at $8.94.
View the best growth stocks for 2024 here
.

BlackRock TCP Capital Corp. (NASDAQ:TCPC) released its quarterly earnings data on Wednesday, November, 6th. The investment management company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by $0.04. The investment management company earned $70.93 million during the quarter, compared to the consensus estimate of $69.13 million. BlackRock TCP Capital had a positive trailing twelve-month return on equity of 14.16% and a negative net margin of 15.22%.

Top institutional investors of BlackRock TCP Capital include Van ECK Associates Corp (2.46%), D.A. Davidson & CO. (0.57%), Hennion & Walsh Asset Management Inc. (0.56%) and Advisors Asset Management Inc. (0.26%). Insiders that own company stock include Rajneesh Vig, Eric John Draut, Philip M Tseng, Karyn Leigh Williams and Erik L Cuellar.
View institutional ownership trends
.

Shares of TCPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that BlackRock TCP Capital investors own include AT&T (T), Rithm Capital (RITM), Ares Capital (ARCC), Energy Transfer (ET), Verizon Communications (VZ), Enterprise Products Partners (EPD) and Kinder Morgan (KMI).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Last Earnings
11/06/2024
Today
11/15/2024
Ex-Dividend for 12/31 Dividend
12/17/2024
Dividend Payable
12/31/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:TCPC
CUSIP
87238Q10
Employees
19,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$10.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+0.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$38.47 million
Pretax Margin
49.56%

Debt

Sales & Book Value

Annual Sales
$209.33 million
Cash Flow
$2.45 per share
Book Value
$10.11 per share

Miscellaneous

Free Float
85,454,000
Market Cap
$765.17 million
Optionable
Optionable
Beta
1.47
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This page (NASDAQ:TCPC) was last updated on 11/15/2024 by MarketBeat.com Staff
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