$41.62 Million in Sales Expected for BlackRock TCP Capital Corp. (NASDAQ:TCPC) This Quarter

Equities research analysts expect BlackRock TCP Capital Corp. (NASDAQ:TCPCGet Rating) to announce $41.62 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for BlackRock TCP Capital’s earnings. The lowest sales estimate is $40.45 million and the highest is $42.79 million. BlackRock TCP Capital reported sales of $41.65 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.1%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that BlackRock TCP Capital will report full year sales of $170.83 million for the current fiscal year, with estimates ranging from $164.34 million to $177.32 million. For the next financial year, analysts anticipate that the business will post sales of $186.85 million, with estimates ranging from $166.98 million to $206.71 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for BlackRock TCP Capital.

BlackRock TCP Capital (NASDAQ:TCPCGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. BlackRock TCP Capital had a net margin of 66.68% and a return on equity of 8.98%. During the same quarter in the prior year, the company earned $0.32 EPS.

A number of analysts have commented on TCPC shares. Zacks Investment Research upgraded BlackRock TCP Capital from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Saturday, May 7th. StockNews.com assumed coverage on shares of BlackRock TCP Capital in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, BlackRock TCP Capital currently has an average rating of “Buy” and an average target price of $14.92.

Shares of TCPC traded up $0.03 on Friday, reaching $13.38. The stock had a trading volume of 475,286 shares, compared to its average volume of 212,545. BlackRock TCP Capital has a twelve month low of $12.71 and a twelve month high of $15.05. The firm has a market capitalization of $772.96 million, a PE ratio of 6.97 and a beta of 1.50. The firm has a 50-day moving average of $13.95 and a 200 day moving average of $13.79. The company has a quick ratio of 23.74, a current ratio of 23.74 and a debt-to-equity ratio of 1.25.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.97%. The ex-dividend date is Wednesday, June 15th. BlackRock TCP Capital’s payout ratio is 62.50%.

A number of hedge funds have recently made changes to their positions in TCPC. Wealthspire Advisors LLC acquired a new stake in shares of BlackRock TCP Capital during the 3rd quarter worth about $136,000. Financial Advisors Network Inc. acquired a new stake in BlackRock TCP Capital during the third quarter worth approximately $425,000. Ares Management LLC purchased a new stake in BlackRock TCP Capital in the 3rd quarter worth approximately $3,121,000. NTB Financial Corp acquired a new position in BlackRock TCP Capital in the 4th quarter valued at $363,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in shares of BlackRock TCP Capital by 31.2% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 17,707 shares of the investment management company’s stock worth $240,000 after purchasing an additional 4,211 shares during the period. 24.89% of the stock is owned by hedge funds and other institutional investors.

BlackRock TCP Capital Company Profile (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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