BlackRock TCP Capital Corp. (NASDAQ:TCPC) went down by -3.10% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Asset Management giant went up by $8.75 to trade ended Thursday trading at $9.03. This is down from the $9.03 price recorded on Wednesday’s trading session. Thanks to this latest performance, TCPC is closer to the higher price 52-week target of $12.00 and further from the lowest price target of $9.50. Its performance from the start of the year has also been negative, with TCPC down by -37.72% year-to-date.
BlackRock TCP Capital Corp. (TCPC) started the day trading at $8.97 and recorded an intraday high of $9. It also recorded an intraday low of $8.73 during Thursday’s trading session. BlackRock TCP Capital Corp. is a very active stock that recorded a trading volume that is less than -45.69% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 300120, which is less than -45.69 of the total average daily trading volume of 437.23K.
BlackRock TCP Capital Corp. (NASDAQ:TCPC) 2020 Performance Impressive
The increase in TCPC’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of TCPC currently stands at $14.76, which is higher than the current trading price of the stock by 40.72%. However, TCPC’s current trading price is -117.66% lower than the 52-week low price of $4.02. In terms of trading volume, BlackRock TCP Capital Corp. currently experienced healthy participation during the last trading session. 300120 shares of BlackRock TCP Capital Corp. were traded on the stock exchange on Thursday, which is less than -45.69% of the 437.23K average trading volume of the stock.
The performance of the stock has been positive over the past year. TCPC’s performance over the past one year has seen it plunge by -38.38%, while the stock has gone down by -37.86% in the last six months. The quarterly performance of TCPC currently stands at 30.60%, and it is down by -17.76% in the last month. The only negative figure was from the weekly performance, which currently reads -2.99%. At the time of writing TCPC’s report, the company has a total market cap of $507.76M, making it one of the largest publicly-traded companies in the world.
TCPC Insider Activities
For BlackRock TCP Capital Corp., insiders hold 33.10% of all company shares. The insider transactions over the past six months are up by 8.00%. During that period, insiders bought 30,500 shares in 11 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at BlackRock TCP Capital Corp. now hold 413.03k shares, which is over 33.65% of the total company stocks. Institutional investors currently hold a large chunk of the TCPC shares, as they control 0.71% of the company’s total stock.
TCPC Fundamental Analysis
For BlackRock TCP Capital Corp., the stock’s diluted earnings per share (EPS) stands at -1.07. In the coming year, analysts expect the EPS to be 1.29. The EPS growth will up over the next five years to 15.00% after plunging by -9.90% in the previous five years. In terms of revenue, BlackRock TCP Capital Corp.’s quarterly sales (YOY) is growing at 0.31, which is higher than the average annual revenue of -9.90% over the past half a decade.
The Return on Investment (ROI) on BlackRock TCP Capital Corp.’s stock currently stands at 5.60%, and it has a net profit margin of -33.40%. The operating margin of the company is 49.60%, and its gross margin is 61.40%.
TCPC Analysts Prediction
TCPC received a positive rating from FBR Capital, which set a price target of $16-$17.50 for the stock.
At the moment, BlackRock TCP Capital Corp.’s Total Debt to Equity ratio stands at 1.42, and they have a long-term Debt to Equity ratio of 1.42.
TCPC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of TCPC currently stands at -5.93%, while the SMA50 is -5.16%. The biggest one is the SMA200, which is currently reading -24.94% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 43.16.