BlackRock TCP Capital (TCPC) to Release Earnings on Thursday

BlackRock TCP Capital (NASDAQ:TCPC) is expected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect BlackRock TCP Capital to post earnings of $0.38 per share and revenue of $65.20 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

BlackRock TCP Capital Stock Up 0.2 %

Shares of BlackRock TCP Capital stock opened at $9.42 on Thursday. The company has a current ratio of 39.37, a quick ratio of 39.37 and a debt-to-equity ratio of 1.34. The company’s fifty day simple moving average is $8.94 and its two-hundred day simple moving average is $8.82. The company has a market cap of $806.26 million, a P/E ratio of -18.84 and a beta of 1.50. BlackRock TCP Capital has a 12-month low of $7.71 and a 12-month high of $11.52.

Insider Buying and Selling at BlackRock TCP Capital

In related news, President Jason Mehring bought 4,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $9.30 per share, for a total transaction of $41,850.00. Following the purchase, the president now owns 19,914 shares of the company’s stock, valued at approximately $185,200.20. The trade was a 29.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

TCPC has been the topic of a number of research analyst reports. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company boosted their price objective on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the company 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.00.

BlackRock TCP Capital Company Profile

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.