Equities research analysts forecast that BlackRock TCP Capital Corp (NASDAQ:TCPC) will report earnings per share (EPS) of $0.40 for the current quarter, according to Zacks. Two analysts have provided estimates for BlackRock TCP Capital’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.44. BlackRock TCP Capital posted earnings of $0.37 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.1%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, May 8th.
On average, analysts expect that BlackRock TCP Capital will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.55 to $1.74. For the next year, analysts expect that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.67. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover BlackRock TCP Capital.
BlackRock TCP Capital (NASDAQ:TCPC) last issued its quarterly earnings results on Thursday, February 28th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. The firm had revenue of $48.38 million for the quarter, compared to analyst estimates of $49.43 million. BlackRock TCP Capital had a return on equity of 10.93% and a net margin of 23.87%.
A number of equities analysts recently commented on TCPC shares. BidaskClub upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. TheStreet downgraded BlackRock TCP Capital from a “b-” rating to a “c+” rating in a research report on Friday, April 5th. Zacks Investment Research downgraded BlackRock TCP Capital from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, National Securities reduced their price objective on BlackRock TCP Capital from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.50.
A number of institutional investors have recently made changes to their positions in TCPC. Acadian Asset Management LLC lifted its position in BlackRock TCP Capital by 980.6% during the fourth quarter. Acadian Asset Management LLC now owns 773,330 shares of the investment management company’s stock worth $10,087,000 after buying an additional 701,767 shares in the last quarter. Cliffwater LLC raised its position in BlackRock TCP Capital by 50.1% in the fourth quarter. Cliffwater LLC now owns 757,585 shares of the investment management company’s stock valued at $9,879,000 after purchasing an additional 252,934 shares during the period. Dubuque Bank & Trust Co. purchased a new stake in BlackRock TCP Capital in the fourth quarter valued at $1,686,000. Millennium Management LLC raised its position in BlackRock TCP Capital by 31.8% in the fourth quarter. Millennium Management LLC now owns 484,972 shares of the investment management company’s stock valued at $6,324,000 after purchasing an additional 117,106 shares during the period. Finally, Two Sigma Investments LP raised its position in BlackRock TCP Capital by 38.6% in the fourth quarter. Two Sigma Investments LP now owns 367,506 shares of the investment management company’s stock valued at $4,792,000 after purchasing an additional 102,396 shares during the period. Hedge funds and other institutional investors own 44.55% of the company’s stock.
Shares of NASDAQ:TCPC opened at $14.41 on Tuesday. The company has a current ratio of 12.33, a quick ratio of 12.33 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $850.34 million, a PE ratio of 9.06, a PEG ratio of 2.97 and a beta of 0.80. BlackRock TCP Capital has a 1 year low of $12.52 and a 1 year high of $14.98.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.44 dividend on an annualized basis and a yield of 9.99%. BlackRock TCP Capital’s 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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