TCP Capital Corp. (TCPC) Getting Somewhat Positive Media Coverage, Report Shows
Headlines about TCP Capital Corp. (NASDAQ:TCPC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TCP Capital Corp. earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 46.3160831896274 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of TCP Capital Corp. (NASDAQ TCPC) opened at 16.20 on Friday. TCP Capital Corp. has a 12 month low of $15.33 and a 12 month high of $17.47. The company has a 50-day moving average of $16.48 and a 200 day moving average of $16.84.
TCP Capital Corp. (NASDAQ:TCPC) last announced its quarterly earnings data 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. The company had revenue of $46.23 million for the quarter, compared to analyst estimates of $40.37 million. TCP Capital Corp. had a return on equity of 12.93% and a net margin of 54.74%. Analysts forecast that TCP Capital Corp. will post $1.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 8.89%. TCP Capital Corp.’s payout ratio is currently 92.90%.
TCPC has been the topic of several research analyst reports. National Securities raised shares of TCP Capital Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $19.00 in a report on Monday, August 7th. Keefe, Bruyette & Woods set a $18.00 target price on shares of TCP Capital Corp. and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research raised shares of TCP Capital Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. National Bank Financial raised shares of TCP Capital Corp. from a “sector perform” rating to an “outperform” rating in a report on Monday, August 7th. Finally, BidaskClub raised shares of TCP Capital Corp. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.20.
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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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