TCPC - BlackRock TCP Capital Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Sep 26, 2019.

  1. Marvan

    Marvan Well-Known Member

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    BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments.

    It seeks to invest in the United States.

    The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million. It prefers to make equity investments in companies for an ownership stake.

    http://www.tcpcapital.com
     
  2. Marvan

    Marvan Well-Known Member

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    In at $13.65
     
  3. Marvan

    Marvan Well-Known Member

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  4. Marvan

    Marvan Well-Known Member

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    BlackRock TCP (TCPC) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.

    This quarterly report represents an earnings surprise of 2.44%. A quarter ago, it was expected that this investment company would post earnings of $0.40 per share when it actually produced earnings of $0.41, delivering a surprise of 2.50%.

    Over the last four quarters, the company has surpassed consensus EPS estimates two times.

    BlackRock TCP, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $51.64 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 4.61%. This compares to year-ago revenues of $49.48 million. The company has topped consensus revenue estimates three times over the last four quarters.

    https://finance.yahoo.com/news/blackrock-tcp-tcpc-tops-q3-141502677.html
     
  5. Marvan

    Marvan Well-Known Member

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    BlackRock TCP Capital Corp. Announces 2019 Financial Results Including Fourth Quarter Net Investment Income Of $0.38 Per Share; 31 Consecutive Quarters Of Dividend Coverage


    - BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ: TCPC), today announced its financial results for the fourth quarter and year ended December 31, 2019 and filed its Form 10-K with the U.S. Securities and Exchange Commission.

    FINANCIAL HIGHLIGHTS

    • Net investment income for the quarter ended December 31, 2019 was $22.4 million, or $0.38 per share on a diluted basis, exceeding the dividend of $0.36 per share.
    • Net decrease in net assets resulting from operations for the quarter ended December 31, 2019 was $1.2 million, or $0.02 per share.
    • Net asset value per share at December 31, 2019 was $13.21 compared to $13.59 at September 30, 2019.
    • Total acquisitions during the quarter ended December 31, 2019 were $141.6 million and total dispositions were $152.3 million.
    • On November 26, 2019, the Company issued an additional $50.0 million of unsecured notes that mature on August 23, 2024 (the "2024 Notes"). The 2024 Notes bear interest at an annual rate of 3.90%, payable semi-annually, and all principal is due upon maturity.
    • On January 31, 2020, Fitch Ratings initiated an investment grade rating of BBB-, with stable outlook. The Company continues to be investment grade rated by both Moody's Investor Service and S&P Global Ratings.
    • On February 26, 2020, our board of directors declared a first quarter dividend of $0.36 per share payable on March 31, 2020 to shareholders of record as of March 17, 2020.
    "We generated solid net investment income in the fourth quarter of 2019, covering our dividend for the 31st consecutive quarter," said Howard Levkowitz, BlackRock TCP Capital Corp. Chairman and CEO. "We have a strong pipeline of new investment opportunities and we will continue to take a selective approach to our investments in the current environment. Originations in the fourth quarter totaled $142 million, 40% of which were loans to repeat borrowers with whom we have existing relationships with management and deep knowledge of the industry and business."

    https://tcpcapital.com/investor-rel...ve-Quarters-Of-Dividend-Coverage/default.aspx
     
  6. Marvan

    Marvan Well-Known Member

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    BlackRock TCP (TCPC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.

    This quarterly report represents an earnings surprise of 2.70%. A quarter ago, it was expected that this investment company would post earnings of $0.40 per share when it actually produced earnings of $0.38, delivering a surprise of -5%.

    Over the last four quarters, the company has surpassed consensus EPS estimates three times.

    https://finance.yahoo.com/news/blackrock-tcp-tcpc-q1-earnings-233511876.html
     

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