TCP Capital Corp. (TCPC) Earning Somewhat Positive Press Coverage, Report Finds
News articles about TCP Capital Corp. (NASDAQ:TCPC) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of 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 closest to one being the most favorable. TCP Capital Corp. earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 46.9631057534611 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- TCP Capital Corp (TCPC) Tenkan Holding Bearish Levels – Evergreen Caller (evergreencaller.com)
- TCP Capital Corp (TCPC) Seeing Increased Volatility in Session – Sparta Review (spartareview.com)
- Teva Pharmaceutical Industries Ltd (vothemes.com)
- Blume Capital Management Inc. Boosts Position in Teva Pharmaceutical Industries Limited (TEVA) (expressnewsline.com)
- TCP Capital Corp. (TCPC) Expected to Post Quarterly Sales of $43.16 Million (americanbankingnews.com)
TCP Capital Corp. (TCPC) opened at 16.58 on Thursday. TCP Capital Corp. has a 1-year low of $15.33 and a 1-year high of $17.47. The stock’s 50 day moving average price is $16.68 and its 200 day moving average price is $16.93.
TCP Capital Corp. (NASDAQ:TCPC) last announced its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. TCP Capital Corp. had a return on equity of 12.93% and a net margin of 54.74%. The business had revenue of $46.23 million during the quarter, compared to analysts’ expectations of $40.37 million. On average, equities research analysts predict that TCP Capital Corp. will post $1.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid 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 8.69%. TCP Capital Corp.’s dividend payout ratio (DPR) is presently 92.90%.
Several equities research analysts recently weighed in on the company. National Securities reaffirmed a “neutral” rating and set a $17.00 price target on shares of TCP Capital Corp. in a report on Thursday, May 11th. Zacks Investment Research downgraded TCP Capital Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. National Bank Financial raised TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a report on Monday, August 7th. Keefe, Bruyette & Woods set a $18.00 price target on TCP Capital Corp. and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, Deutsche Bank AG raised TCP Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. TCP Capital Corp. presently has a consensus rating of “Buy” and an average target price of $18.17.
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In other TCP Capital Corp. news, Director Brian F. Wruble bought 10,000 shares of TCP Capital Corp. stock in a transaction on Friday, June 23rd. The shares were purchased at an average cost of $16.63 per share, for a total transaction of $166,300.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $332,600. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.
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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