The stock of BlackRock TCP Capital Corp (NASDAQ: TCPC) has increased by 1.78 when compared to last closing price of 8.13.Despite this, the company has seen a loss of -1.95% in its stock price over the last five trading days. seekingalpha.com reported 2025-02-27 that BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q4 2024 Results Conference Call February 27, 2025 1:00 PM ET Company Participants Michaela Murray – Investor Relations Phil Tseng – Chairman & Chief Executive Officer Erik Cuellar – Chief Financial Officer Dan Worrell – Co-CIO Jason Mehring – President Conference Call Participants Finian O’Shea – Wells Fargo Securities Robert Dodd – Raymond James Christopher Nolan – Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp’s Fourth Quarter and Year-Ended 2024 Earnings Conference Call.
Is It Worth Investing in BlackRock TCP Capital Corp (NASDAQ: TCPC) Right Now?
Company’s 36-month beta value is 1.28.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for TCPC is 84.67M, and currently, short sellers hold a 1.21% ratio of that floaft. The average trading volume of TCPC on March 07, 2025 was 633.77K shares.
TCPC’s Market Performance
The stock of BlackRock TCP Capital Corp (TCPC) has seen a -1.95% decrease in the past week, with a -8.16% drop in the past month, and a -8.97% fall in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are at 2.22% for TCPC. The simple moving average for the last 20 days is -7.36% for TCPC’s stock, with a simple moving average of -10.73% for the last 200 days.
Analysts’ Opinion of TCPC
Many brokerage firms have already submitted their reports for TCPC stocks, with Wells Fargo repeating the rating for TCPC by listing it as a “Underweight.” The predicted price for TCPC in the upcoming period, according to Wells Fargo is $8 based on the research report published on August 26, 2024 of the previous year 2024.
Oppenheimer gave a rating of “Perform” to TCPC, setting the target price at $11 in the report published on March 06th of the previous year.
TCPC Trading at -7.00% from the 50-Day Moving Average
After a stumble in the market that brought TCPC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.35% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares sank -8.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.27% lower at present.
During the last 5 trading sessions, TCPC fell by -2.01%, which changed the moving average for the period of 200-days by -23.28% in comparison to the 20-day moving average, which settled at $8.93. In addition, BlackRock TCP Capital Corp saw -4.99% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TCPC starting from Mehring Jason, who purchase 4,500 shares at the price of $9.30 back on Nov 27 ’24. After this action, Mehring Jason now owns 19,914 shares of BlackRock TCP Capital Corp, valued at $41,850 using the latest closing price.
Worrell August Daniel, the Co-Chief Investment Officer of BlackRock TCP Capital Corp, purchase 15,000 shares at $9.10 during a trade that took place back on Nov 26 ’24, which means that Worrell August Daniel is holding 23,500 shares at $136,500 based on the most recent closing price.
Stock Fundamentals for TCPC
Current profitability levels for the company are sitting at:
- 1.06 for the present operating margin
- 0.99 for the gross margin
The net margin for BlackRock TCP Capital Corp stands at -0.38. The total capital return value is set at 0.09.
When we switch over and look at the enterprise to sales, we see a ratio of 3.71. The receivables turnover for the company is 5.87for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In a nutshell, BlackRock TCP Capital Corp (TCPC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
