Currently, there are 85.04M common shares owned by the public and among those 84.76M shares have been available to trade.
The company’s stock has a 5-day price change of -0.77% and -17.61% over the past three months. TCPC shares are trading -11.27% year to date (YTD), with the 12-month market performance down to -27.99% lower. It has a 12-month low price of $6.27 and touched a high of $11.33 over the same period. TCPC has an average intraday trading volume of 738.03K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.91%, 5.30%, and -7.62% respectively.
Institutional ownership of BlackRock TCP Capital Corp (NASDAQ: TCPC) shares accounts for 23.88% of the company’s 85.04M shares outstanding.
It has a market capitalization of $653.94M and a beta (3y monthly) value of 1.06. The earnings-per-share (ttm) stands at -$0.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.50% over the week and 2.21% over the month.
Analysts forecast that BlackRock TCP Capital Corp (TCPC) will achieve an EPS of 0.32 for the current quarter, 0.32 for the next quarter and 1.07 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.29 while analysts give the company a high EPS estimate of 0.29. Comparatively, EPS for the current quarter was 0.42 a year ago. Earnings per share for the fiscal year are expected to decrease by -21.32%, and -18.42% over the next financial year.
Looking at the support for the TCPC, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on August 26, 2024, with the firm’s price target at $8.50-$8. JMP Securities on their part issued Mkt Perform rating on March 01, 2024.
