Brokerages predict that TCP Capital Corp (NASDAQ:TCPC) will report $44.77 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for TCP Capital’s earnings, with estimates ranging from $43.78 million to $45.36 million. TCP Capital posted sales of $39.53 million in the same quarter last year, which suggests a positive year over year growth rate of 13.3%. The business is scheduled to report its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that TCP Capital will report full-year sales of $44.77 million for the current fiscal year, with estimates ranging from $173.00 million to $174.22 million. For the next fiscal year, analysts expect that the business will report sales of $189.22 million per share, with estimates ranging from $185.30 million to $195.35 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover TCP Capital.

Several research analysts recently weighed in on the company. Ladenburg Thalmann Financial Services assumed coverage on TCP Capital in a research note on Monday, November 20th. They set a “buy” rating and a $17.00 target price on the stock. National Securities restated a “buy” rating and set a $19.00 target price on shares of TCP Capital in a research note on Thursday, November 9th. Finally, Keefe, Bruyette & Woods set a $18.00 target price on TCP Capital and gave the stock a “buy” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. TCP Capital has an average rating of “Buy” and a consensus price target of $18.00.

TCP Capital (TCPC) opened at $15.36 on Wednesday. TCP Capital has a one year low of $15.24 and a one year high of $17.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $903.05, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.95 and a beta of 0.71.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a yield of 9.38%. TCP Capital’s dividend payout ratio is currently 105.11%.

TCP Capital declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 7th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the investment management company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Several hedge funds have recently modified their holdings of the company. Atlantic Trust Group LLC acquired a new position in shares of TCP Capital in the 3rd quarter valued at about $1,786,000. Neuberger Berman Group LLC lifted its holdings in shares of TCP Capital by 2.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 339,712 shares of the investment management company’s stock valued at $5,602,000 after buying an additional 8,312 shares during the period. Stifel Financial Corp lifted its holdings in shares of TCP Capital by 5.1% in the 3rd quarter. Stifel Financial Corp now owns 133,836 shares of the investment management company’s stock valued at $2,205,000 after buying an additional 6,527 shares during the period. OxFORD Asset Management LLP lifted its holdings in shares of TCP Capital by 264.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 79,670 shares of the investment management company’s stock valued at $1,313,000 after buying an additional 57,781 shares during the period. Finally, Mckinley Capital Management LLC Delaware lifted its holdings in shares of TCP Capital by 3.4% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 171,231 shares of the investment management company’s stock valued at $2,824,000 after buying an additional 5,605 shares during the period. 49.52% of the stock is owned by institutional investors and hedge funds.

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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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