TCP Capital (TCPC) Earns Media Impact Score of 0.02
Media coverage about TCP Capital (NASDAQ:TCPC) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TCP Capital earned a news impact score of 0.02 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.0759913591822 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several equities research analysts have weighed in on TCPC shares. Keefe, Bruyette & Woods set a $18.00 target price on shares of TCP Capital and gave the stock a “buy” rating in a report on Friday, October 6th. Ladenburg Thalmann Financial Services initiated coverage on shares of TCP Capital in a report on Monday, November 20th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, National Securities restated a “buy” rating and set a $19.00 price objective on shares of TCP Capital in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. TCP Capital currently has an average rating of “Buy” and a consensus target price of $18.00.
Shares of TCP Capital (TCPC) opened at $15.28 on Tuesday. TCP Capital has a twelve month low of $15.24 and a twelve month high of $17.47. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.76. The company has a market cap of $904.22, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.95 and a beta of 0.71.
TCP Capital announced that its Board of Directors has approved a share repurchase program on Tuesday, November 7th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the investment management company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.42%. TCP Capital’s payout ratio is 105.11%.
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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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