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BlackRock TCP Capital Corp (NASDAQ: TCPC) closed the day trading at $8.15 down -2.04% from the previous closing price of $8.32. In other words, the price has decreased by -$2.04 from its previous closing price. On the day, 0.71 million shares were traded. TCPC stock price reached its highest trading level at $8.37 during the session, while it also had its lowest trading level at $8.13.
Ratios:
For a better understanding of TCPC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.37. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 1.51.
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 697567488 and an Enterprise Value of 1824050176. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 7.852.
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 $8.26. The 50-Day Moving Average of the stock is -14.31%, while the 200-Day Moving Average is calculated to be -22.93%.
Shares Statistics:
Over the past 3-months, TCPC traded about 528.66K shares per day on average, while over the past 10 days, TCPC traded about 963260 shares per day. 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 27.50% stake in the company. Shares short for TCPC as of 1724976000 were 1205438 with a Short Ratio of 2.28, compared to 1722384000 on 1102535. Therefore, it implies a Short% of Shares Outstanding of 1205438 and a Short% of Float of 1.4099999.
Dividends & Splits
TCPC’s forward annual dividend rate is 1.36, up from 1.36 a year ago. Against a Trailing Annual Dividend Yield of 0.16346155The stock’s 5-year Average Dividend Yield is 11.19.
