Equities research analysts expect TCP Capital Corp. (NASDAQ:TCPC) to post earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TCP Capital Corp.’s earnings, with estimates ranging from $0.38 to $0.39. TCP Capital Corp. also reported earnings per share of $0.38 in the same quarter last year. The firm is scheduled to issue its next earnings results before the market opens on Thursday, August 3rd.

According to Zacks, analysts expect that TCP Capital Corp. will report full year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.56. For the next year, analysts expect that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.54 to $1.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow TCP Capital Corp..

TCP Capital Corp. (NASDAQ:TCPC) last issued its earnings results on Tuesday, May 9th. The investment management company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.09. The company had revenue of $39.34 million for the quarter, compared to analysts’ expectations of $38.75 million. TCP Capital Corp. had a net margin of 58.13% and a return on equity of 12.48%.

A number of research firms have weighed in on TCPC. BidaskClub downgraded shares of TCP Capital Corp. from a “hold” rating to a “sell” rating in a research note on Sunday. Zacks Investment Research upgraded shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Keefe, Bruyette & Woods set a $18.00 price target on shares of TCP Capital Corp. and gave the stock a “buy” rating in a research note on Wednesday, May 31st. National Securities reiterated a “neutral” rating and set a $17.00 price target on shares of TCP Capital Corp. in a research note on Thursday, May 11th. Finally, Deutsche Bank AG upgraded shares of TCP Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. TCP Capital Corp. has a consensus rating of “Hold” and an average target price of $17.38.

Shares of TCP Capital Corp. (NASDAQ TCPC) opened at 16.86 on Tuesday. The firm’s 50 day moving average is $16.92 and its 200-day moving average is $16.98. TCP Capital Corp. has a one year low of $15.26 and a one year high of $17.47.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.44 annualized dividend and a dividend yield of 8.54%. TCP Capital Corp.’s dividend payout ratio is presently 88.34%.

In other news, Director Brian F. Wruble bought 10,000 shares of TCP Capital Corp. stock in a transaction dated Friday, June 23rd. The shares were bought at an average price of $16.63 per share, for a total transaction of $166,300.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at $332,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen A. Corbet bought 3,500 shares of TCP Capital Corp. stock in a transaction dated Thursday, April 20th. The stock was purchased at an average price of $16.54 per share, for a total transaction of $57,890.00. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of TCPC. Wexford Capital LP purchased a new stake in shares of TCP Capital Corp. during the first quarter valued at approximately $1,037,000. Legal & General Group Plc increased its stake in shares of TCP Capital Corp. by 11.0% in the first quarter. Legal & General Group Plc now owns 125,375 shares of the investment management company’s stock valued at $2,183,000 after buying an additional 12,425 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of TCP Capital Corp. by 20.1% in the first quarter. Van ECK Associates Corp now owns 328,545 shares of the investment management company’s stock valued at $5,723,000 after buying an additional 55,035 shares in the last quarter. Muzinich & Co. Inc. increased its stake in shares of TCP Capital Corp. by 26.1% in the first quarter. Muzinich & Co. Inc. now owns 1,948,410 shares of the investment management company’s stock valued at $33,941,000 after buying an additional 403,805 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of TCP Capital Corp. by 3.2% in the first quarter. Neuberger Berman Group LLC now owns 315,950 shares of the investment management company’s stock valued at $5,504,000 after buying an additional 9,920 shares in the last quarter. Institutional investors own 50.55% of the company’s stock.

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TCP Capital Corp. Company Profile

TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.

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

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