BlackRock TCP Capital (NASDAQ:TCPC) announced its earnings results on Thursday. The investment management company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02, MarketWatch Earnings reports. BlackRock TCP Capital had a net margin of 32.55% and a return on equity of 11.22%. The firm had revenue of $49.48 million for the quarter, compared to analyst estimates of $48.06 million.

Shares of BlackRock TCP Capital stock opened at $14.15 on Friday. BlackRock TCP Capital has a 1-year low of $13.71 and a 1-year high of $16.25. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.93. The company has a market cap of $835.05 million, a PE ratio of 7.11, a PEG ratio of 1.81 and a beta of 0.70.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date is Friday, December 14th. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently 72.36%.

TCPC has been the subject of a number of recent analyst reports. BidaskClub raised shares of BlackRock TCP Capital from a “hold” rating to a “buy” rating in a report on Saturday, July 21st. National Securities reaffirmed a “buy” rating and set a $19.00 price target on shares of BlackRock TCP Capital in a report on Monday, August 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.00 price target on shares of BlackRock TCP Capital in a report on Wednesday, August 8th. Zacks Investment Research raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, JMP Securities cut their price target on shares of BlackRock TCP Capital from $17.00 to $16.50 and set a “market outperform” rating for the company in a report on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.92.

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About BlackRock TCP Capital

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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Earnings History for BlackRock TCP Capital (NASDAQ:TCPC)

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