Equities analysts expect that TCP Capital Corp. (NASDAQ:TCPC) will post sales of $43.45 million for the current quarter, according to Zacks. Three analysts have issued estimates for TCP Capital Corp.’s earnings, with the highest sales estimate coming in at $43.59 million and the lowest estimate coming in at $43.28 million. TCP Capital Corp. posted sales of $38.47 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that TCP Capital Corp. will report full year sales of $43.45 million for the current year, with estimates ranging from $173.30 million to $176.00 million. For the next year, analysts anticipate that the business will post sales of $187.92 million per share, with estimates ranging from $180.80 million to $193.95 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover TCP Capital Corp..

TCP Capital Corp. (NASDAQ:TCPC) last released its earnings results on Thursday, August 3rd. The investment management company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. TCP Capital Corp. had a net margin of 54.74% and a return on equity of 12.93%. The company had revenue of $46.23 million for the quarter, compared to analysts’ expectations of $40.37 million.

Several brokerages have recently issued reports on TCPC. National Securities upgraded shares of TCP Capital Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.00 to $19.00 in a research report on Monday, August 7th. Keefe, Bruyette & Woods set a $18.00 price target on shares of TCP Capital Corp. and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research raised shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. National Bank Financial raised shares of TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 7th. Finally, BidaskClub raised shares of TCP Capital Corp. from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.17.

In related news, Director Brian F. Wruble purchased 10,000 shares of TCP Capital Corp. stock in a transaction dated Friday, June 23rd. The shares were acquired at an average cost of $16.63 per share, with a total value of $166,300.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, 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 insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its holdings in shares of TCP Capital Corp. by 15.1% in the first quarter. Nationwide Fund Advisors now owns 40,359 shares of the investment management company’s stock valued at $703,000 after purchasing an additional 5,300 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of TCP Capital Corp. by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 63,921 shares of the investment management company’s stock valued at $1,114,000 after purchasing an additional 1,035 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its holdings in shares of TCP Capital Corp. by 4.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 234,678 shares of the investment management company’s stock valued at $4,088,000 after purchasing an additional 10,319 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of TCP Capital Corp. by 3.2% in the first quarter. Neuberger Berman Group LLC now owns 315,950 shares of the investment management company’s stock valued at $5,504,000 after purchasing an additional 9,920 shares in the last quarter. Finally, Muzinich & Co. Inc. grew its holdings in shares of TCP Capital Corp. by 26.1% in the first quarter. Muzinich & Co. Inc. now owns 1,948,410 shares of the investment management company’s stock valued at $33,941,000 after purchasing an additional 403,805 shares in the last quarter. 53.47% of the stock is currently owned by institutional investors and hedge funds.

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Shares of TCP Capital Corp. (NASDAQ:TCPC) opened at 15.85 on Friday. The firm has a 50-day moving average of $16.55 and a 200 day moving average of $16.87. TCP Capital Corp. has a 52 week low of $15.33 and a 52 week high of $17.47.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date is Thursday, September 14th. TCP Capital Corp.’s dividend payout ratio (DPR) is 92.90%.

TCP Capital Corp. Company Profile

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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Earnings History and Estimates for TCP Capital Corp. (NASDAQ:TCPC)

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