BlackRock TCP Capital (TCPC) Projected to Post Quarterly Earnings on Thursday

BlackRock TCP Capital (NASDAQ:TCPC) is anticipated to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $65.20 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

BlackRock TCP Capital Trading Down 0.7 %

TCPC opened at $9.38 on Tuesday. BlackRock TCP Capital has a 52 week low of $7.71 and a 52 week high of $11.52. The company has a quick ratio of 39.37, a current ratio of 39.37 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $8.94 and a 200-day simple moving average of $8.81. The firm has a market cap of $802.84 million, a P/E ratio of -18.76 and a beta of 1.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company increased their price target on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, BlackRock TCP Capital currently has an average rating of “Hold” and an average target price of $9.00.

Insider Activity

In related news, President Jason Mehring bought 4,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $9.30 per share, with a total value of $41,850.00. Following the purchase, the president now directly owns 19,914 shares of the company’s stock, valued at $185,200.20. This trade represents a 29.19 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

About BlackRock TCP Capital

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