BlackRock TCP Capital upgraded by Raymond James with a new price target
$TCPC
Finance/Investors Services
Finance
Raymond James upgraded BlackRock TCP Capital from Market Perform to Outperform and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/26/2024 | $8.50 → $8.00 | Equal Weight → Underweight | Wells Fargo |
| 8/8/2024 | Buy → Neutral | Ladenburg Thalmann | |
| 3/6/2024 | $13.00 → $11.00 | Outperform → Perform | Oppenheimer |
| 3/1/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/1/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/25/2021 | $14.50 → $14.25 | Equal-Weight | Wells Fargo |
| 8/3/2021 | $14.00 → $14.50 | Equal-Weight | Wells Fargo |
3 - BlackRock TCP Capital Corp. (0001370755) (Issuer)
3 - BlackRock TCP Capital Corp. (0001370755) (Issuer)
3 - BlackRock TCP Capital Corp. (0001370755) (Issuer)
Net Investment Income of $0.40 Per Share; Declares Fourth Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.10 Per Share; 50 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 third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended September 30, 2024 was $33.9 million, or $0.40 per share on a diluted basis, which exceeded the regular dividend of $0.34 per share paid on September 30
BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that it will report its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Wednesday, November 6, 2024, to discuss its financial results. All interested parties are invited to participate in the conference call by dialing (833) 470-1428; international callers should dial (404) 975-4839. All participants should reference the access code 846824. The conference call will be webcast simultaneously in the investor relations section
BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ:TCPC), today announced its financial results for the second quarter ended June 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended June 30, 2024 was $35.8 million, or $0.42 per share on a diluted basis, which exceeded the regular dividend of $0.34 per share paid on June 28, 2024. Excluding amortization of purchase discount recorded in connection with the Merger(1), adjusted net investment income(1) for the quarter ended June 30, 2024 was $32.1 million, or $0.38 pe
Net Investment Income of $0.40 Per Share; Declares Fourth Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.10 Per Share; 50 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 third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended September 30, 2024 was $33.9 million, or $0.40 per share on a diluted basis, which exceeded the regular dividend of $0.34 per share paid on September 30
BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that it will report its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Wednesday, November 6, 2024, to discuss its financial results. All interested parties are invited to participate in the conference call by dialing (833) 470-1428; international callers should dial (404) 975-4839. All participants should reference the access code 846824. The conference call will be webcast simultaneously in the investor relations section
KBRA assigns issuer and senior unsecured debt ratings of BBB- to BlackRock TCP Capital Corp. (NASDAQ:TCPC, the company", ))). The rating Outlook is Stable. Key Credit Considerations The ratings are supported by TCPC's ties to BlackRock, Inc.'s (NYSE:BLK) $86 billion credit platform, of which $35 billion is principally dedicated to private middle market direct lending. BLK, with $10.6 trillion in assets under management, is one of the largest investment managers in the world. Since 2000, the credit platform has invested capital totaling more than $41 billion in 1,025 transactions, sourcing investments through an extensive network of industry and sponsor contacts. The BlackRock platform con
4 - BlackRock TCP Capital Corp. (0001370755) (Issuer)
4 - BlackRock TCP Capital Corp. (0001370755) (Issuer)
4 - BlackRock TCP Capital Corp. (0001370755) (Issuer)
Recent insider activity at BlackRock TCP Capital Corp. has been quite intriguing, with multiple transactions taking place over the past few months. On June 7, 2024, Petro Andrea made a significant purchase of $57,450 worth of shares, acquiring 5,000 units at $11.49. This purchase boosted Petro Andrea's direct ownership by 73% to 11,823 units, as disclosed in the SEC Form 4. Looking back, on March 20, 2024, several notable transactions occurred. Usifer Maureen K filed an SEC Form 3 as a new insider, while Baron John R and Usifer Maureen K were granted 8,404 and 20,997 shares, respectively. Around the same time, Vig Rajneesh returned 38,680 shares to the company, reducing direct ownership by
8-K - BlackRock TCP Capital Corp. (0001370755) (Filer)
10-Q - BlackRock TCP Capital Corp. (0001370755) (Filer)
40-17G - BlackRock TCP Capital Corp. (0001370755) (Filer)
Recent insider activity at BlackRock TCP Capital Corp. has been quite intriguing, with multiple transactions taking place over the past few months. On June 7, 2024, Petro Andrea made a significant purchase of $57,450 worth of shares, acquiring 5,000 units at $11.49. This purchase boosted Petro Andrea's direct ownership by 73% to 11,823 units, as disclosed in the SEC Form 4. Looking back, on March 20, 2024, several notable transactions occurred. Usifer Maureen K filed an SEC Form 3 as a new insider, while Baron John R and Usifer Maureen K were granted 8,404 and 20,997 shares, respectively. Around the same time, Vig Rajneesh returned 38,680 shares to the company, reducing direct ownership by
Oppenheimer analyst Mitchel Penn maintains BlackRock TCP Cap (NASDAQ:TCPC) with a Perform and lowers the price target from $11 to $10.
BlackRock TCP Cap (NASDAQ:TCPC) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.44 by 2.27 percent. This is a 2.27 percent increase over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $55.73 million which beat the analyst consensus estimate of $52.95 million by 5.25 percent. This is a 10.78 percent increase over sales of $50.31 million the same period last year.
BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ:TCPC), today announced that the Board of Directors (the "Board") of the Company has appointed Karen L. Leets as an independent director effective October 27, 2022. Ms. Leets has been appointed to serve on the Audit Committee and Governance and Compensation Committees of the Board. TCPC's diverse Board now includes seven members, including six independent directors. Ms. Leets is Senior Vice President and Treasurer of Baxter International, Inc., a multinational healthcare company, and holds a CPA license in Illinois. She brings significant global public company financial expertise
BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that current Director, Eric Draut was appointed to serve as Lead Independent Director of its Board of Directors effective October 28, 2021. On October 28, 2021, the Board of Directors of BlackRock TCP Capital Corp. ("TCPC") established the role of Lead Independent Director, and elected Eric Draut to serve in this role. Mr. Draut has served on the Company's Board of Directors since 2011 and had recently served as Chair of the Audit Committee. In conjunction with the establishment of a Lead Independent Director and Mr. Draut's appointment, the Board also appointed existing Board Members Peter Schwab and M. Freddie Reiss as Chair of th
Howard Levkowitz to Retire as Chairman and Chief Executive Officer; Board Appoints Rajneesh Vig as Successor; Phil Tseng Named President and Chief Operating Officer BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that Rajneesh Vig will succeed Howard Levkowitz as Chairman and Chief Executive Officer and Phil Tseng will assume the roles of President and Chief Operating Officer. This transition in leadership follows BlackRock's highly successful 2018 acquisition of Tennenbaum Capital Partners ("TCP") that solidified BlackRock as a leading private credit manager. Howard Levkowitz, a co-founder of TCP, announced that he will be retiring from his role as Chief Executive Officer of Bl
Wells Fargo downgraded BlackRock TCP Capital from Equal Weight to Underweight and set a new price target of $8.00 from $8.50 previously
Ladenburg Thalmann downgraded BlackRock TCP Capital from Buy to Neutral
Oppenheimer downgraded BlackRock TCP Capital from Outperform to Perform and set a new price target of $11.00 from $13.00 previously