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.
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.
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