BlackRock TCP Capital (TCPC) to Release Quarterly Earnings on Thursday

BlackRock TCP Capital (NASDAQ:TCPC) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $57.95 million for the quarter.

BlackRock TCP Capital Price Performance

Shares of NASDAQ TCPC opened at $6.84 on Thursday. The firm has a market capitalization of $581.93 million, a P/E ratio of -13.68 and a beta of 1.21. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. The stock’s 50-day simple moving average is $7.59 and its two-hundred day simple moving average is $8.42. BlackRock TCP Capital has a twelve month low of $6.27 and a twelve month high of $11.52.

BlackRock TCP Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.25 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 14.62%. BlackRock TCP Capital’s dividend payout ratio is currently -133.33%.

Insider Activity at BlackRock TCP Capital

In other BlackRock TCP Capital news, CEO Philip M. Tseng bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average price of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 38,587 shares in the company, valued at $298,663.38. The trade was a 34.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Patrick Wolfe bought 6,100 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $8.12 per share, with a total value of $49,532.00. Following the acquisition, the chief operating officer now owns 8,003 shares of the company’s stock, valued at $64,984.36. This represents a 320.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 18,500 shares of company stock worth $146,444 in the last ninety days. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

TCPC has been the topic of a number of research analyst reports. StockNews.com upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 12th. Keefe, Bruyette & Woods reduced their price objective on BlackRock TCP Capital from $8.50 to $7.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price objective on BlackRock TCP Capital from $7.50 to $6.50 and set an “underweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.00.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.