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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TCPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCPC, but not buy additional shares or sell existing shares.
View TCPC analyst ratings or view top-rated stocks.

5 analysts have issued twelve-month price objectives for BlackRock TCP Capital's shares. Their TCPC share price targets range from $10.50 to $12.00. On average, they predict the company's stock price to reach $11.25 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price.
View analysts price targets for TCPC or view top-rated stocks among Wall Street analysts.

BlackRock TCP Capital's stock was trading at $11.54 at the beginning of the year. Since then, TCPC stock has decreased by 12.5% and is now trading at $10.10.
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BlackRock TCP Capital saw a decline in short interest in March. As of March 31st, there was short interest totaling 833,500 shares, a decline of 55.4% from the March 15th total of 1,870,000 shares. Based on an average trading volume of 470,800 shares, the days-to-cover ratio is presently 1.8 days.
View BlackRock TCP Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our TCPC earnings forecast.

BlackRock TCP Capital will be holding an earnings conference call on Wednesday, May 1st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "108648".

BlackRock TCP Capital Corp. (NASDAQ:TCPC) posted its quarterly earnings data on Thursday, February, 29th. The investment management company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.04. The investment management company had revenue of $50.85 million for the quarter, compared to analysts' expectations of $53.36 million. BlackRock TCP Capital had a net margin of 18.38% and a trailing twelve-month return on equity of 14.59%.

BlackRock TCP Capital declared a quarterly dividend on Thursday, February 29th. Shareholders of record on Thursday, March 14th will be given a dividend of $0.34 per share on Friday, March 29th. This represents a $1.36 annualized dividend and a yield of 13.47%. The ex-dividend date of this dividend is Wednesday, March 13th.
Read our dividend analysis for TCPC.

BlackRock TCP Capital (NASDAQ:TCPC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 13.48%. TCPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 206.06%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TCPC will have a dividend payout ratio of 83.95% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TCPC.

ETFs with the largest weight of BlackRock TCP Capital (NASDAQ:TCPC) stock in their portfolio include Virtus Private Credit Strategy ETF (VPC).VanEck BDC Income ETF (BIZD).

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock TCP Capital investors own include Ares Capital (ARCC), Energy Transfer (ET), AT&T (T), Monroe Capital (MRCC), New Residential Investment (NRZ), Enterprise Products Partners (EPD), Hercules Capital (HTGC), Annaly Capital Management (NLY), Prospect Capital (PSEC) and TriplePoint Venture Growth BDC (TPVG).

BlackRock TCP Capital's stock is owned by many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.00%), Ignite Planners LLC (0.00%), Wealthcare Advisory Partners LLC (0.00%) and Future Financial Wealth Managment LLC (0.00%). Insiders that own company stock include Andrea Petro, Erik L Cuellar, Karyn Leigh Williams and Rajneesh Vig.
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.
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