$0.39 EPS Expected for BlackRock TCP Capital Corp (NASDAQ:TCPC) This Quarter

Equities research analysts expect BlackRock TCP Capital Corp (NASDAQ:TCPC) to post earnings per share of $0.39 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for BlackRock TCP Capital’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. BlackRock TCP Capital posted earnings per share of $0.40 in the same quarter last year, which suggests a negative year-over-year growth rate of 2.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 27th.

According to Zacks, analysts expect that BlackRock TCP Capital will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.63. For the next year, analysts anticipate that the company will post earnings of $1.60 per share, with EPS estimates ranging from $1.57 to $1.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover BlackRock TCP Capital.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of BlackRock TCP Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. TheStreet cut shares of BlackRock TCP Capital from a “b-” rating to a “c” rating in a research report on Friday, August 30th. BidaskClub raised BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Oppenheimer set a $16.00 price target on BlackRock TCP Capital and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, ValuEngine cut BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.33.

In other news, CEO Howard Levkowitz bought 10,000 shares of the stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $13.29 per share, with a total value of $132,900.00. Following the completion of the purchase, the chief executive officer now owns 135,905 shares of the company’s stock, valued at $1,806,177.45. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael E. Leitner bought 15,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $13.31 per share, for a total transaction of $199,650.00. Following the completion of the acquisition, the insider now owns 15,065 shares of the company’s stock, valued at approximately $200,515.15. The disclosure for this purchase can be found here. 0.63% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TCPC. Sandy Spring Bank acquired a new position in shares of BlackRock TCP Capital in the 2nd quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in BlackRock TCP Capital during the 2nd quarter worth $33,000. NEXT Financial Group Inc acquired a new stake in BlackRock TCP Capital during the 2nd quarter worth $47,000. Steward Partners Investment Advisory LLC acquired a new stake in BlackRock TCP Capital during the 2nd quarter worth $111,000. Finally, Stelac Advisory Services LLC bought a new position in BlackRock TCP Capital during the second quarter worth about $130,000. 41.59% of the stock is currently owned by institutional investors.

NASDAQ TCPC traded down $0.08 during trading hours on Friday, hitting $14.10. The company’s stock had a trading volume of 166,700 shares, compared to its average volume of 249,558. The stock has a fifty day moving average of $13.74 and a 200 day moving average of $13.97. BlackRock TCP Capital has a twelve month low of $12.52 and a twelve month high of $14.88. The firm has a market capitalization of $828.02 million, a P/E ratio of 8.87, a PEG ratio of 2.90 and a beta of 0.68. The company has a quick ratio of 21.24, a current ratio of 21.24 and a debt-to-equity ratio of 1.23.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.21%. BlackRock TCP Capital’s dividend payout ratio is 90.57%.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.

Read More: How to invest using market indexes

Get a free copy of the Zacks research report on BlackRock TCP Capital (TCPC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BlackRock TCP Capital (NASDAQ:TCPC)

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.