BlackRock TCP Capital (TCPC) Scheduled to Post Quarterly Earnings on Wednesday

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

BlackRock TCP Capital (NASDAQ:TCPC - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.42. BlackRock TCP Capital had a positive return on equity of 14.42% and a negative net margin of 20.11%. The firm had revenue of $71.53 million for the quarter, compared to the consensus estimate of $70.39 million. During the same quarter last year, the business posted $0.48 EPS. On average, analysts expect BlackRock TCP Capital to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BlackRock TCP Capital Stock Performance

Shares of NASDAQ TCPC traded down $0.04 during midday trading on Wednesday, reaching $8.16. 240,619 shares of the company were exchanged, compared to its average volume of 489,676. The stock has a market cap of $698.41 million, a P/E ratio of -15.43 and a beta of 1.47. BlackRock TCP Capital has a 1 year low of $8.02 and a 1 year high of $12.43. The stock has a fifty day simple moving average of $8.57 and a 200 day simple moving average of $9.83. The company has a current ratio of 44.47, a quick ratio of 44.47 and a debt-to-equity ratio of 1.51.

BlackRock TCP Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.34 per share. The ex-dividend date was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.67%. BlackRock TCP Capital's dividend payout ratio (DPR) is -256.60%.

Wall Street Analyst Weigh In

TCPC has been the topic of several research analyst reports. LADENBURG THALM/SH SH lowered BlackRock TCP Capital from a "buy" rating to a "neutral" rating in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price target on BlackRock TCP Capital from $8.00 to $7.50 and set an "underweight" rating for the company in a research report on Tuesday. StockNews.com lowered shares of BlackRock TCP Capital from a "hold" rating to a "sell" rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods cut their target price on shares of BlackRock TCP Capital from $10.50 to $9.00 and set a "market perform" rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.83.

Insider Transactions at BlackRock TCP Capital

In other BlackRock TCP Capital news, Director Philip M. Tseng bought 5,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $9.07 per share, for a total transaction of $45,350.00. Following the completion of the purchase, the director now owns 17,481 shares of the company's stock, valued at $158,552.67. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other BlackRock TCP Capital news, Director Philip M. Tseng acquired 5,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $9.07 per share, for a total transaction of $45,350.00. Following the completion of the purchase, the director now directly owns 17,481 shares in the company, valued at $158,552.67. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Philip M. Tseng bought 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $9.10 per share, with a total value of $91,000.00. Following the purchase, the director now owns 27,481 shares of the company's stock, valued at approximately $250,077.10. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 42,000 shares of company stock worth $381,875 over the last ninety days. 0.16% of the stock is currently 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.