BlackRock TCP Capital Corp. (NASDAQ:TCPC – Get Free Report) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have covered the stock in the last year is $9.17.
A number of research firms recently weighed in on TCPC. StockNews.com cut shares of BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Wells Fargo & Company reduced their price target on shares of BlackRock TCP Capital from $10.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Monday. Oppenheimer reduced their price target on shares of BlackRock TCP Capital from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reduced their price target on shares of BlackRock TCP Capital from $10.50 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Finally, LADENBURG THALM/SH SH lowered shares of BlackRock TCP Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th.
Check Out Our Latest Analysis on TCPC
Hedge Funds Weigh In On BlackRock TCP Capital
BlackRock TCP Capital Stock Performance
NASDAQ TCPC opened at $8.70 on Thursday. The stock has a market cap of $744.63 million, a P/E ratio of 24.86 and a beta of 1.49. The company’s 50-day simple moving average is $10.70 and its 200 day simple moving average is $10.65. BlackRock TCP Capital has a twelve month low of $8.68 and a twelve month high of $12.62. The company has a quick ratio of 44.47, a current ratio of 44.47 and a debt-to-equity ratio of 1.51.
BlackRock TCP Capital (NASDAQ:TCPC – Get Free Report) last posted its earnings results on Wednesday, August 7th. The investment management company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $71.53 million for the quarter, compared to analysts’ expectations of $70.39 million. BlackRock TCP Capital had a negative net margin of 20.11% and a positive return on equity of 14.42%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. As a group, research analysts forecast that BlackRock TCP Capital will post 1.68 earnings per share for the current fiscal year.
BlackRock TCP Capital Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.63%. BlackRock TCP Capital’s payout ratio is 388.58%.
BlackRock TCP Capital Company Profile
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.
See Also
- Five stocks we like better than BlackRock TCP Capital
- Using the MarketBeat Dividend Tax Calculator
- How to Invest in Silver: A Beginner’s Guide
- What is a Stock Market Index and How Do You Use Them?
- Monday.com’s Stock Results Will Brighten Any Investor’s Week
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 3 Must-Watch Stocks After a Bullish Goldman Sachs Recommendation
Receive News & Ratings for BlackRock TCP Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock TCP Capital and related companies with MarketBeat.com's FREE daily email newsletter.