TCP Capital Corp Given Average Rating of “Buy” by Brokerages (NASDAQ:TCPC)
TCP Capital Corp (NASDAQ:TCPC) has earned an average rating of “Buy” from the ten analysts that are currently covering the company, Analyst Ratings News reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.44.
Shares of TCP Capital Corp (NASDAQ:TCPC) opened at 17.33 on Monday. TCP Capital Corp has a 1-year low of $14.87 and a 1-year high of $18.55. The stock’s 50-day moving average is $17.68 and its 200-day moving average is $17.09.
TCP Capital Corp (NASDAQ:TCPC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $24.59 million for the quarter, compared to the consensus estimate of $23.19 million. The company’s revenue for the quarter was up 69.9% on a year-over-year basis. Analysts expect that TCP Capital Corp will post $1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend is Friday, September 12th.
A number of analysts have recently weighed in on TCPC shares. Analysts at Wunderlich raised their price target on shares of TCP Capital Corp from $16.00 to $17.00 in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of TCP Capital Corp in a research note on Wednesday, July 9th. They set a “neutral” rating and a $17.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of TCP Capital Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th.
TCP Capital Corp. is an externally managed, non-diversified closed-end management investment company.
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