Financial Services -
Asset Management - NASDAQ - US
$ 7.82
0 %
$ 665 M
Market Cap
-12.61
P/E
1. INTRINSIC VALUE
Balance Sheet
BlackRock TCP Capital Corp.
| Current Assets | 122 M |
| Cash & Short-Term Investments | 91.6 M |
| Receivables | 28.1 M |
| Other Current Assets | 2.36 M |
| Non-Current Assets | 1.8 B |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 1.8 B |
| Current Liabilities | 8.41 M |
| Accounts Payable | 8.41 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 1.13 B |
| Long-Term Debt | 1.12 B |
| Other Non-Current Liabilities | 11.2 M |
EFFICIENCY
Earnings Waterfall
BlackRock TCP Capital Corp.
| Revenue | 20.8 M |
| Cost Of Revenue | 66.2 M |
| Gross Profit | -45.4 M |
| Operating Expenses | 17.2 M |
| Operating Income | -62.6 M |
| Other Expenses | 523 K |
| Net Income | -63.1 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
BlackRock TCP Capital Corp.
| Net Income | -63.1 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -6.54 M |
| Others | 347 M |
| Free Cash Flow | 293 M |
Wall Street Analysts Price Targets
BlackRock TCP Capital Corp.
Wall Street analysts predict an average 1-year price target for TCPC of $8.25 , with forecasts ranging from
a
low of
$8 to a high of $8.5 .
TCPC Lowest Price Target
Wall Street Target
8 USD
2.30%
TCPC Average Price Target
Wall Street Target
8.25 USD
5.50%
TCPC Highest Price Target
Wall Street Target
8.5 USD
8.70%
4. DIVIDEND
ANALYSIS
0.95%
DIVIDEND YIELD
0.29 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
BlackRock TCP Capital Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
102 K USD 2
0-3 MONTHS
150 K USD 3
3-6 MONTHS
269 K USD 3
6-9 MONTHS
291 K USD 3
9-12 MONTHS
7. News
BlackRock TCP Capital Corp (TCPC) Q1 2025 Earnings Call Transcript
BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q1 2025 Earnings Conference Call May 8, 2025 12:00 PM ET Company Participants Michaela Murray - IR Phil Tseng - Chairman, Co-CIO and CEO Jason Mehring - President Erik Cuellar - CFO Dan Worrell - Co-CIO Patrick Wolfe - COO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Robert Dodd - Raymond James Paul Johnson - KBW Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp. Q1 2025 Earnings Call.
seekingalpha.com
- 1 month ago
BlackRock TCP (TCPC) Tops Q1 Earnings Estimates
BlackRock TCP (TCPC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.45 per share a year ago.
zacks.com
- 1 month ago
BlackRock TCP Capital Corp. Announces First Quarter 2025 Financial Results Including Net Investment Income of $0.38 Per Share; Declares a Second Quarter Regular Dividend of $0.25 Per Share and a Special Dividend of $0.04 Per Share
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced its financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended March 31, 2025 was $32.2 million, or $0.38 per share on a diluted basis, which exceeded the regular di.
businesswire.com
- 1 month ago
All That Glitters Is Not Gold, 2 BDCs To Avoid Before They Cut Again
The BDC land consists of a small number of players, most of which have tiny market cap levels. Even though the asset class is relatively shallow and niche-like, we can still find some strong brand names operating here. Theoretically, this should provide an advantage in terms of accessing sizeable and high-quality private credit investments.
seekingalpha.com
- 1 month ago
BDC Weekly Review: BDCs Plunge On Macro Fears
We take a look at the action in business development companies through the first week of April and highlight some of the key themes we are watching. BDCs faced significant losses, with average returns around -9% on the week with valuations dropping below historical averages. Valuation uncertainty is high due to quarterly NAV declarations and systemic/idiosyncratic factors; estimated NAV drops are 2-3% from Q4 levels.
seekingalpha.com
- 2 months ago
BlackRock TCP Capital Corp. to Report First Quarter Ended March 31, 2025 Financial Results on May 8, 2025
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time) on Thursday, May 8, 2025, to discuss its financial results. All interested parties are invited to participate in the conference ca.
businesswire.com
- 2 months ago
3 Stocks Trading Under $10 That Deliver Massive Ultra-High-Yield Dividends
Investors love dividend stocks, especially the ultra-high-yield variety because they offer a significant income stream and have massive total return potential.
247wallst.com
- 2 months ago
Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025
The current market environment suggests a potential recession, leading investors to favor durable and income-producing assets. BDCs and REITs are likely to be among the key beneficiaries here. However, with REITs and especially BDCs investors have to be careful in order to avoid falling in a value trap.
seekingalpha.com
- 2 months ago
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
seekingalpha.com
- 3 months ago
BDC Weekly Review: JPMorgan Muscling In On Private Credit Turf
We take a look at the action in business development companies through the last week of February and highlight some of the key themes we are watching. BDCs remained flat amid volatile risk sentiment, with TCPC underperforming due to a poor quarter and dividend cut, while February saw slight overall gains for the sector. JPMorgan's $50bn direct lending initiative and merger of its commercial and investment banks could increase competition for BDCs in corporate lending.
seekingalpha.com
- 3 months ago
BlackRock TCP Capital Corp (TCPC) Q4 2024 Earnings Call Transcript
BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q4 2024 Results Conference Call February 27, 2025 1:00 PM ET Company Participants Michaela Murray - Investor Relations Phil Tseng - Chairman & Chief Executive Officer Erik Cuellar - Chief Financial Officer Dan Worrell - Co-CIO Jason Mehring - President Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Christopher Nolan - Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp's Fourth Quarter and Year-Ended 2024 Earnings Conference Call.
seekingalpha.com
- 3 months ago
BlackRock TCP (TCPC) Q4 Earnings Top Estimates
BlackRock TCP (TCPC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.44 per share a year ago.
zacks.com
- 3 months ago
8. Profile
Summary
BlackRock TCP Capital Corp. TCPC
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 665 M
Dividend Yield
0.95%
Description
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. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.
Contact
2951 28th Street, Santa Monica, CA, 90405
https://www.tcpcapital.com
IPO
Date
April 4, 2012
Employees
None
Officers
Mr. Robert G. DiPaolo CPA
Managing Director
Ms. Michaela Murray
Investor Relations
Mr. Dan Worrell
Co-Chief Investment Officer
Mr. Erik L. Cuellar CPA
Chief Financial Officer
Ms. Ariel Hazzard
Chief Compliance Officer
Mr. Jason A. Mehring
President
Mr. Patrick Wolfe
Chief Operating Officer
Ms. Diana N. Huffman Esq.
General Counsel
Mr. Philip M. Tseng
Chief Executive Officer, Co-Chief Investment Officer & Chairman
Mr. Laurence D. Paredes Esq.
Secretary