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

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.

Key Stats

• Today's Range: $9.01 to $9.10
• 50-Day Range: $7.80 to $9.05
• 52-Week Range: $7.71 to $12.43
• Volume: 352,008 shs
• Average Volume: 504,350 shs
• Market Capitalization: $774.59 million
• P/E Ratio: N/A
• Dividend Yield: 15.03%
• Price Target: $9.00
• Consensus Rating: Reduce

BlackRock TCP Capital Stock Analysis - MarketRank™

BlackRock TCP Capital scored higher than 31% of companies evaluated by MarketBeat, and ranked 786th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

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.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -10.30%

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 -18.10, 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 -18.10, 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 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

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

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

BlackRock TCP Capital is a leading dividend payer. It pays a dividend yield of 15.08%, 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

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 and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.55

News Sentiment

BlackRock TCP Capital has a news sentiment score of 0.55. 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 lower news sentiment than the 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for BlackRock TCP Capital this week, compared to 2 articles on an average week.

Search Interest

Only 7 people have searched for TCPC on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

MarketBeat Follows

7 people have added BlackRock TCP Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

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.

TCPC Stock Analysis - Frequently Asked Questions

How have TCPC shares performed this year?

BlackRock TCP Capital's stock was trading at $11.54 at the beginning of 2024. Since then, TCPC stock has decreased by 21.6% and is now trading at $9.05.
View the best growth stocks for 2024 here.

How were BlackRock TCP Capital's earnings last quarter?

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

Who are BlackRock TCP Capital's major shareholders?

BlackRock TCP Capital's top institutional investors include Van ECK Associates Corp (2.46%), D.A. Davidson & CO. (0.57%), Hennion & Walsh Asset Management Inc. (0.56%) and Kovitz Investment Group Partners LLC (0.40%). Insiders that own company stock include Rajneesh Vig, Eric John Draut, Philip M Tseng and Karyn Leigh Williams.
View institutional ownership trends.

How do I buy shares of BlackRock TCP Capital?

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.

What other stocks do shareholders of BlackRock TCP Capital own?

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: 11/23/2024
• 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

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:TCPC
• CUSIP: 87238Q10
• CIK: 1370755
• Web: www.tcpcapital.com
• Phone: (310) 566-1000
• Fax: 310-899-4950
• 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: -0.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.50)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 5.48
• P/E Growth: N/A
• Net Income: $38.47 million
• Net Margins: -15.22%
• Pretax Margin: 49.56%
• Return on Equity: 14.16%
• Return on Assets: 5.80%

Debt

• Debt-to-Equity Ratio: 1.34
• Current Ratio: 39.37
• Quick Ratio: 39.37

Sales & Book Value

• Annual Sales: $209.33 million
• Price / Sales: 3.70
• Cash Flow: $2.43 per share
• Price / Cash Flow: 3.72
• Book Value: $10.11 per share
• Price / Book: 0.90

Miscellaneous

• Outstanding Shares: 85,590,000
• Free Float: 85,454,000
• Market Cap: $774.59 million
• Optionable: Optionable
• Beta: 1.47