BlackRock TCP Capital Corp Announces Quarterly Dividend of $0.36 (NASDAQ:TCPC)

BlackRock TCP Capital Corp (NASDAQ:TCPC) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Tuesday, December 17th will be given a dividend of 0.36 per share by the investment management company on Tuesday, December 31st. This represents a $1.44 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date is Monday, December 16th.

NASDAQ:TCPC opened at $14.35 on Friday. BlackRock TCP Capital has a 1-year low of $12.52 and a 1-year high of $14.88. The company has a 50-day moving average of $13.60 and a 200 day moving average of $13.99. The firm has a market cap of $813.32 million, a PE ratio of 9.03, a price-to-earnings-growth ratio of 2.86 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.87 and a quick ratio of 2.87.

BlackRock TCP Capital (NASDAQ:TCPC) last released its quarterly earnings data on Thursday, August 8th. The investment management company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. BlackRock TCP Capital had a net margin of 14.19% and a return on equity of 11.45%. The company had revenue of $48.18 million during the quarter, compared to analyst estimates of $47.17 million. Sell-side analysts anticipate that BlackRock TCP Capital will post 1.61 EPS for the current fiscal year.

In related news, CEO Howard Levkowitz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $13.29 per share, with a total value of $132,900.00. Following the transaction, the chief executive officer now directly owns 135,905 shares of the company’s stock, valued at approximately $1,806,177.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael E. Leitner acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $13.31 per share, with a total value of $199,650.00. Following the completion of the transaction, the insider now directly owns 15,065 shares in the company, valued at $200,515.15. The disclosure for this purchase can be found here. Corporate insiders own 0.63% of the company’s stock.

TCPC has been the subject of a number of research reports. Zacks Investment Research lowered shares of BlackRock TCP Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. BidaskClub raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. ValuEngine lowered shares of BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Oppenheimer set a $16.00 price target on shares of BlackRock TCP Capital and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, TheStreet lowered shares of BlackRock TCP Capital from a “b-” rating to a “c” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. BlackRock TCP Capital presently has a consensus rating of “Hold” and a consensus target price of $16.33.

BlackRock TCP Capital Company Profile

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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Dividend History for BlackRock TCP Capital (NASDAQ:TCPC)

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