Equities analysts expect TCP Capital Corp. (NASDAQ:TCPC) to announce $0.38 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TCP Capital Corp.’s earnings, with estimates ranging from $0.37 to $0.41. TCP Capital Corp. reported earnings of $0.48 per share in the same quarter last year, which would indicate a negative year over year growth rate of 20.8%. The firm is expected to announce its next quarterly earnings results on Tuesday, November 14th.

On average, analysts expect that TCP Capital Corp. will report full year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.66. For the next year, analysts forecast that the company will post earnings of $1.58 per share, with EPS estimates ranging from $1.54 to $1.64. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow TCP Capital Corp..

TCP Capital Corp. (NASDAQ:TCPC) last issued its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. The firm had revenue of $46.23 million during the quarter, compared to analysts’ expectations of $40.37 million. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%.

Several brokerages have issued reports on TCPC. National Securities reiterated a “neutral” rating and issued a $17.00 price target on shares of TCP Capital Corp. in a research note on Thursday, May 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 price target on shares of TCP Capital Corp. in a research note on Friday, April 28th. Zacks Investment Research lowered shares of TCP Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 17th. BidaskClub downgraded shares of TCP Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Deutsche Bank AG raised shares of TCP Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. TCP Capital Corp. has a consensus rating of “Hold” and a consensus price target of $17.38.

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In other news, Director Brian F. Wruble acquired 10,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average price of $16.63 per share, with a total value of $166,300.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $332,600. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TCPC. Muzinich & Co. Inc. increased its position 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 worth $33,941,000 after buying an additional 403,805 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of TCP Capital Corp. by 7.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,229,000 shares of the investment management company’s stock valued at $54,570,000 after buying an additional 214,275 shares during the last quarter. UBS Group AG increased its stake in shares of TCP Capital Corp. by 19.3% in the first quarter. UBS Group AG now owns 1,323,758 shares of the investment management company’s stock valued at $23,060,000 after buying an additional 213,748 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of TCP Capital Corp. by 88.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 301,842 shares of the investment management company’s stock valued at $5,258,000 after buying an additional 141,796 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of TCP Capital Corp. by 17.3% in the second quarter. Advisors Asset Management Inc. now owns 441,269 shares of the investment management company’s stock valued at $7,457,000 after buying an additional 64,950 shares during the last quarter. 50.95% of the stock is owned by institutional investors.

Shares of TCP Capital Corp. (NASDAQ TCPC) opened at 16.60 on Monday. The company has a 50-day moving average of $16.73 and a 200-day moving average of $16.95. TCP Capital Corp. has a one year low of $15.33 and a one year high of $17.47.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date is Thursday, September 14th. TCP Capital Corp.’s dividend payout ratio (DPR) is presently 92.90%.

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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