News articles about TCP Capital Corp. (NASDAQ:TCPC) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TCP Capital Corp. earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 47.0883125951887 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of TCP Capital Corp. (NASDAQ:TCPC) opened at 16.52 on Friday. TCP Capital Corp. has a 12-month low of $15.33 and a 12-month high of $17.47. The company has a 50-day moving average of $16.72 and a 200 day moving average of $16.93.
TCP Capital Corp. (NASDAQ:TCPC) last issued its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The company had revenue of $46.23 million during the quarter, compared to analysts’ expectations of $40.37 million. TCP Capital Corp. had a return on equity of 12.93% and a net margin of 54.74%. Equities research analysts predict that TCP Capital Corp. will post $1.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.72%. TCP Capital Corp.’s payout ratio is presently 92.90%.
Several analysts recently issued reports on TCPC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.00 price target on shares of TCP Capital Corp. in a report on Tuesday, July 25th. Deutsche Bank AG raised shares of TCP Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, May 11th. National Securities raised shares of TCP Capital Corp. from a “neutral” rating to a “buy” rating and upped their price target for the company from $17.00 to $19.00 in a report on Monday, August 7th. Zacks Investment Research raised shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, National Bank Financial raised shares of TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. TCP Capital Corp. presently has a consensus rating of “Buy” and a consensus target price of $18.17.
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In related news, Director Brian F. Wruble acquired 10,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was bought at an average cost of $16.63 per share, with a total value of $166,300.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $332,600. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.
About TCP Capital Corp.
TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds.
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