Somewhat Negative News Coverage Somewhat Unlikely to Affect TCP Capital (TCPC) Share Price

News articles about TCP Capital (NASDAQ:TCPC) have trended somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TCP Capital earned a news impact score of -0.05 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 45.6497793756397 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

TCP Capital (NASDAQ TCPC) opened at $15.30 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $899.52, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.95 and a beta of 0.71. TCP Capital has a 52-week low of $14.98 and a 52-week high of $17.47.

TCP Capital (NASDAQ:TCPC) last issued its earnings results on Tuesday, November 7th. The investment management company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. TCP Capital had a return on equity of 12.17% and a net margin of 49.53%. analysts predict that TCP Capital will post 1.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 9.41%. The ex-dividend date was Thursday, December 14th. TCP Capital’s dividend payout ratio (DPR) is currently 105.11%.

TCP Capital declared that its Board of Directors has authorized a stock repurchase program on Tuesday, November 7th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the investment management company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

TCPC has been the topic of several research reports. Keefe, Bruyette & Woods set a $18.00 target price on TCP Capital and gave the stock a “buy” rating in a research report on Friday, October 6th. National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of TCP Capital in a research report on Thursday, November 9th. Finally, Ladenburg Thalmann Financial Services initiated coverage on TCP Capital in a research report on Monday, November 20th. They issued a “buy” rating and a $17.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.00.

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About TCP Capital

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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