Financial Services -
Asset Management - NASDAQ - US
$ 6.58
-7.06 %
$ 560 M
Market Cap
-8.33
P/E
1. INTRINSIC VALUE
Balance Sheet
BlackRock TCP Capital Corp.
| Current Assets | 114 M |
| Cash & Short-Term Investments | 91.6 M |
| Receivables | 22.8 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.79 B |
| Long-Term Investments | 1.79 B |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 15.1 M |
| Accounts Payable | 8.41 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 6.68 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
BlackRock TCP Capital Corp.
| Revenue | 259 M |
| Cost Of Revenue | 0 |
| Gross Profit | 259 M |
| Operating Expenses | 127 M |
| Operating Income | 132 M |
| Other Expenses | 65.2 M |
| Net Income | 67.1 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
BlackRock TCP Capital Corp.
| Net Income | 67.1 M |
| Depreciation & Amortization | 106 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -6.54 M |
| Others | 120 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
21.58%
TCPC Average Price Target
Wall Street Target
8.25 USD
25.38%
TCPC Highest Price Target
Wall Street Target
8.5 USD
29.18%
4. DIVIDEND
ANALYSIS
5.40%
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
227 K USD 4
0-3 MONTHS
178 K USD 2
3-6 MONTHS
382 K USD 3
6-9 MONTHS
119 K USD 3
9-12 MONTHS
7. News
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
- 3 weeks 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
- 1 month 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
- 1 month 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
- 1 month 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
- 1 month 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
- 1 month ago
Tactical BDCs For Sizable Income And Alpha: 1 To Buy, 1 To Avoid
Since BDCs carry in general above-average risks, it makes sense to prioritize defensive and prudently structured picks. Yet, if the price is right, higher risk BDCs could also become enticing investments. In this article, I discuss two tactical or higher risk BDCs - one of which is a buy, and the other one, in my view, should be avoided.
seekingalpha.com
- 1 month ago
BlackRock TCP Capital Corp. Announces 2024 Financial Results Including Fourth Quarter Net Investment Income of $0.40 Per Share; Declares First Quarter 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 fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended December 31, 2024 was $33.8 million, or $0.40 per share on a diluted basis, which exceede.
businesswire.com
- 1 month ago
Analysts Estimate BlackRock TCP (TCPC) to Report a Decline in Earnings: What to Look Out for
BlackRock TCP (TCPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
BlackRock TCP Capital Corp. to Report Fourth Quarter and Fiscal Year Ended December 31, 2024 Financial Results on February 27, 2025
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, February 27, 2025, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, February 27, 2025, to discuss its financial results. All interested parties are invited to.
businesswire.com
- 2 months ago
Want Almost $14,000 per Year in Dependable Passive Income? Invest $25,000 in These 4 Stocks
According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade or business in which the individual does not materially participate.
247wallst.com
- 2 months ago
8. Profile
Summary
BlackRock TCP Capital Corp. TCPC
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 560 M
Dividend Yield
5.40%
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
Ms. Michaela Murray
Investor Relations
Mr. Laurence D. Paredes Esq.
Secretary
Mr. Philip M. Tseng
Chief Executive Officer, Co-Chief Investment Officer & Chairman
Mr. Erik L. Cuellar CPA
Chief Financial Officer
Ms. Ariel Hazzard
Chief Compliance Officer
Mr. Patrick Wolfe
Chief Operating Officer
Mr. Robert G. DiPaolo CPA
Managing Director
Mr. Dan Worrell
Co-Chief Investment Officer
Ms. Diana N. Huffman Esq.
General Counsel
Mr. Jason A. Mehring
President