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BlackRock TCP Capital Corp (TCPC) Q2 2024 Earnings Call Transcript | Seeking Alpha somewhat bearish
TCPC
Summary: BlackRock TCP Capital Corp reported their Q2 2024 earnings results, with adjusted net investment income per share at $0.38. The non-accrual rate increased due to restructuring in companies like SellerX, Pluralsight, and McAfee. Despite challenges, the overall credit quality of the portfolio remains strong. Leverage is temporarily high at 1.3x but expected to decrease post-cash repayment of debt. The investment manager supports the dividend at $0.34 per share, with coverage well above the threshold necessitating support.
Full articleBlackRock TCP Capital Corp. Announces Second Quarter 2024 Financial Results Including ... neutral
TCPC
Summary: BlackRock TCP Capital Corp. reported financial results for the second quarter with net investment income exceeding regular dividend, net asset value decline, and significant investments and dispositions made. The company's Board of Directors declared a third quarter dividend. The company amended its Operating Facility and extended the maturity date. The consolidated investment portfolio, debt investments on non-accrual status, and liquidity and capital resources were highlighted in the report.
Full articleBlackRock TCP: Q2 Earnings Snapshot - WTOP News somewhat bearish
TCPC
Summary: BlackRock TCP Capital Corp. (TCPC) reported a loss of $51.3 million in its second quarter, with adjusted earnings of 42 cents per share and revenue of $71.5 million.
Full articleSpire Wealth Management Acquires 1730 Shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) neutral
TCPC NASDAQ:TCPC
Summary: Spire Wealth Management increased its holdings in BlackRock TCP Capital Corp. during the fourth quarter, with other institutional investors also modifying their positions in the company. Several brokerages have recently commented on BlackRock TCP Capital's stock. The investment management company reported quarterly earnings that met analysts' consensus estimates, and a quarterly dividend announcement was made with additional details.
Full articleInternational Assets Investment Management LLC Increases Position in BlackRock TCP ... neutral
TCPC
Summary: International Assets Investment Management LLC significantly increased its position in BlackRock TCP Capital Corp. during the fourth quarter, by acquiring over 1,000% more shares, reaching a total of 411,978 shares valued at $4,754,000. Several other hedge funds also added or sold shares of the company recently. Additionally, various research analysts have provided mixed ratings for BlackRock TCP Capital, with a consensus rating of 'Hold' and a price target of $11.00. The company reported meeting the consensus EPS estimate for the quarter and announced a quarterly dividend yielding 12.84%.
Full articleBlackRock TCP: Q1 Earnings Snapshot - WTOP News neutral
TCPC
Summary: BlackRock TCP Capital Corp. (TCPC) reported a first-quarter profit of $5.1 million, with earnings of 45 cents per share and revenue of $55.7 million.
Full articleBlackRock TCP Capital Corp. Announces First Quarter 2024 Financial Results - Morningstar neutral
TCPC
Summary: BlackRock TCP Capital Corp. announced its first quarter 2024 financial results, including an acquisition of BlackRock Capital Investment Corporation, higher net investment income, and completion of a merger. The company declared a second quarter dividend of $0.34 per share. Total debt investments on non-accrual status were 1.7% of the portfolio at fair value and 3.6% at cost.
Full articleWells Fargo Remains a Hold on BlackRock TCP Capital (TCPC) | Markets Insider neutral
TCPC
Summary: Finian O'Shea from Wells Fargo maintained a Hold rating on BlackRock TCP Capital (TCPC) with a price target of $10.00. The company's shares closed at $10.09. Analyst consensus is Hold with a price target consensus of $10.50.
Full articleSignaturefd LLC Raises Stock Holdings in BlackRock TCP Capital Corp. (NASDAQ:TCPC) somewhat bullish
TCPC
Summary: Signaturefd LLC increased its stake in BlackRock TCP Capital by 73.2% in the fourth quarter, with several other hedge funds also making changes to their positions in the company. Analyst ratings on TCPC have been mixed, with various brokerages issuing hold ratings and price target changes. BlackRock TCP Capital stock was up by 1.6%.
Full article