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After finishing at $8.16 in the prior trading day, BlackRock TCP Capital Corp (NASDAQ: TCPC) closed at $8.02, down -1.72%. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 0.51 million shares were traded. TCPC stock price reached its highest trading level at $8.165 during the session, while it also had its lowest trading level at $8.01.
Ratios:
Our goal is to gain a better understanding of TCPC by taking a closer look at its different ratios.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on August 26, 2024, Downgraded its rating to Underweight and sets its target price to $8 from $8.50 previously.
Oppenheimer Downgraded its Outperform to Perform on March 06, 2024, whereas the target price for the stock was revised from $13 to $11.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 10 ’24 when Tseng Philip M bought 10,000 shares for $9.10 per share. The transaction valued at 91,000 led to the insider holds 27,481 shares of the business.
Tseng Philip M bought 5,000 shares of TCPC for $45,350 on Sep 06 ’24. The Director and President now owns 17,481 shares after completing the transaction at $9.07 per share. On Aug 29 ’24, another insider, Vig Rajneesh, who serves as the CEO and Chairman of the Board of the company, bought 25,000 shares for $9.09 each. As a result, the insider paid 227,250 and bolstered with 130,930 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TCPC now has a Market Capitalization of 699980800 and an Enterprise Value of 1812923264. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.95 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 7.804.
Stock Price History:
Over the past 52 weeks, TCPC has reached a high of $12.18, while it has fallen to a 52-week low of $8.02. The 50-Day Moving Average of the stock is -5.93%, while the 200-Day Moving Average is calculated to be -20.48%.
Shares Statistics:
The stock has traded on average 629.83K shares per day over the past 3-months and 517720 shares per day over the last 10 days, according to various share statistics. A total of 85.59M shares are outstanding, with a floating share count of 85.32M. Insiders hold about 0.29% of the company’s shares, while institutions hold 20.09% stake in the company. Shares short for TCPC as of 1728950400 were 1808394 with a Short Ratio of 2.87, compared to 1726185600 on 1497734. Therefore, it implies a Short% of Shares Outstanding of 1808394 and a Short% of Float of 2.12.
Dividends & Splits
In the trailing 12 months, TCPC’s forward annual dividend rate was 1.36, compared to 1.36 this year. Against a Trailing Annual Dividend Yield of 0.16666667The stock’s 5-year Average Dividend Yield is 11.4.
