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BlackRock TCP Capital (TCPC)

Company Profile

Company profile

Ticker

TCPC

Exchange

Website

www.tcpcapital.com

CEO

Mr. Philip M. Tseng

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Miscellaneous Financial Investment Activities

Industry (SIC)

Services - Commercial Physical & Biological Research

PPD • IQVIA • PRA Health Sciences • Charles River Laboratories International • ICON Public Limited • Syneos Health • Medpace • Incyte • Zymergen • OmniAb ...

Former names

Special Value Continuation Fund, LLC, TCP Capital Corp.

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Special Value Continuation Partners LLC • TCPC Funding I, LLC • TCPC Funding II, LLC • TCPC SBIC, LP ...

IRS number

562594706

TCPC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

Results of Operations and Financial Condition

Departure of Directors or Certain Officers

Departure of Directors or Certain Officers

Regulation FD Disclosure

Submission of Matters to a Vote of Security Holders

Entry into a Material Definitive Agreement

Submission of Matters to a Vote of Security Holders

Prospectus supplement for primary offering

Additional proxy soliciting materials

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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August Daniel Worrell

August Daniel Worrell

ERIC JOHN DRAUT

Financial summary

Financial statements Chart TCPC financial data

Quarter (USD)	Dec 23	Sep 23	Jun 23	Mar 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	112.24 mm	112.24 mm	112.24 mm	112.24 mm	112.24 mm	112.24 mm
Cash burn (monthly)	(no burn)	(no burn)	16.93 mm	17.09 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	199.03 mm	200.92 mm	n/a	n/a
Cash remaining	n/a	n/a	-86.79 mm	-88.68 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	-5.1	-5.2	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

TCPC institutional ownership history Ownership history

57.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	137	129	+6.2%
Opened positions	34	59	-42.4%
Closed positions	26	27	-3.7%
Increased positions	39	36	+8.3%
Reduced positions	29	16	+81.3%

13F shares	Current	Prev Q	Change
Total value	155.04 bn	127.23 bn	+21.9%
Total shares	33.13 mm	14.64 mm	+126.4%
Total puts	39.40 k	25.00 k	+57.6%
Total calls	71.00 k	72.40 k	-1.9%
Total put/call ratio	0.6	0.3	+60.7%

Largest owners	Shares	Value	Change
Barings	17.49 mm	$17.49 bn	+3878.9%
Van Eck Associates	1.96 mm	$21.21 mm	+17.0%
Two Sigma Advisers	1.03 mm	$11.13 bn	+62.0%
IVZ Invesco	1.03 mm	$11.08 bn	-3.1%
MS Morgan Stanley	990.26 k	$10.69 bn	+5.9%
Transcend Wealth Collective	780.96 k	$8.43 bn	+61.5%
Two Sigma Investments	707.61 k	$7.64 bn	+18.4%
LGEN Legal & General	686.48 k	$7.41 bn	+2.0%
Hennion & Walsh Asset Management	503.91 k	$5.44 bn	+12.2%
UBS UBS	492.67 k	$5.32 bn	+38.4%

Largest transactions	Shares	Bought/sold	Change
Barings	17.49 mm	+17.05 mm	+3878.9%
Ares Management	449.15 k	+449.15 k	NEW
Two Sigma Advisers	1.03 mm	+394.60 k	+62.0%
Kovitz Investment Group Partners	0.00	-379.05 k	EXIT
BAC Bank of America	366.20 k	+366.20 k	NEW
Condor Capital Management	17.62 k	-355.09 k	-95.3%
Transcend Wealth Collective	780.96 k	+297.39 k	+61.5%
Van Eck Associates	1.96 mm	+284.80 k	+17.0%
Fort Washington Investment Advisors	169.66 k	-203.74 k	-54.6%
New England Asset Management	170.03 k	+170.03 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TCPC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Nov 24	Jason Mehring	Common Stock	Buy	Acquire P	No	No	9.3	4,500	41.85 k	19,913.878
26 Nov 24	August Daniel Worrell	Common Stock	Buy	Acquire P	No	No	9.1	15,000	136.50 k	23,500

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Wells Fargo Maintains Underweight on BlackRock TCP Cap, Raises Price Target to $8

Wells Fargo analyst Finian O'Shea maintains BlackRock TCP Cap (NASDAQ:TCPC) with a Underweight and raises the price target from $7.5 to $8.

BlackRock TCP Cap Q3 2024 Adj. EPS $0.36 Misses $0.39 Estimate, Sales $70.932M Beat $67.109M Estimate

BlackRock TCP Cap (NASDAQ:TCPC) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.39 by 7.69 percent. The company reported quarterly sales of $70.932 million which beat the

Wells Fargo Maintains Underweight on BlackRock TCP Cap, Lowers Price Target to $7.5

Wells Fargo analyst Finian O'Shea maintains BlackRock TCP Cap (NASDAQ:TCPC) with a Underweight and lowers the price target from $8 to $7.5.

Press releases

From Benzinga Pro

BlackRock TCP Capital Corp. Announces Third Quarter 2024 Financial Results

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,"

BlackRock TCP Capital Corp. to Report Third Quarter ended September 30, 2024 Financial Results on November 6, 2024

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

KBRA Assigns Ratings to BlackRock TCP Capital Corp.

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

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