Oppenheimer Analysts Lift Earnings Estimates for BlackRock TCP Capital Corp. (NASDAQ:TCPC)

BlackRock TCP Capital Corp. (NASDAQ:TCPCGet Rating) – Stock analysts at Oppenheimer increased their Q3 2022 EPS estimates for BlackRock TCP Capital in a research report issued to clients and investors on Wednesday, August 3rd. Oppenheimer analyst M. Penn now expects that the investment management company will earn $0.33 per share for the quarter, up from their previous forecast of $0.32. The consensus estimate for BlackRock TCP Capital’s current full-year earnings is $1.43 per share. Oppenheimer also issued estimates for BlackRock TCP Capital’s Q4 2022 earnings at $0.34 EPS.

Separately, Raymond James reduced their target price on shares of BlackRock TCP Capital from $15.50 to $14.50 and set an “outperform” rating for the company in a report on Thursday, August 4th.

BlackRock TCP Capital Stock Performance

Shares of TCPC opened at $13.63 on Monday. BlackRock TCP Capital has a 12 month low of $11.76 and a 12 month high of $14.52. The firm has a fifty day simple moving average of $12.86 and a 200 day simple moving average of $13.45. The stock has a market capitalization of $787.41 million, a price-to-earnings ratio of 14.05 and a beta of 1.40. The company has a current ratio of 21.75, a quick ratio of 21.75 and a debt-to-equity ratio of 1.29.

BlackRock TCP Capital (NASDAQ:TCPCGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. BlackRock TCP Capital had a net margin of 33.13% and a return on equity of 9.45%. During the same quarter in the prior year, the business earned $0.31 earnings per share.

BlackRock TCP Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date is Thursday, September 15th. BlackRock TCP Capital’s dividend payout ratio is currently 123.71%.

Institutional Trading of BlackRock TCP Capital

A number of large investors have recently added to or reduced their stakes in TCPC. Spire Wealth Management acquired a new stake in BlackRock TCP Capital in the second quarter valued at $96,000. Bogart Wealth LLC lifted its stake in shares of BlackRock TCP Capital by 145.3% during the 1st quarter. Bogart Wealth LLC now owns 7,358 shares of the investment management company’s stock worth $105,000 after buying an additional 4,359 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of BlackRock TCP Capital by 8.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,254 shares of the investment management company’s stock worth $128,000 after buying an additional 800 shares during the last quarter. Regent Investment Management LLC acquired a new stake in shares of BlackRock TCP Capital during the 2nd quarter worth about $138,000. Finally, Camden Capital LLC acquired a new stake in shares of BlackRock TCP Capital during the 1st quarter worth about $152,000. Institutional investors and hedge funds own 24.89% of the company’s stock.

About BlackRock TCP Capital

(Get Rating)

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, 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.

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

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