Tax-Loss Harvesting And Merger Fears Driving 10%+ Yield For BlackRock TCP Capital? [Seeking Alpha]
BlackRock TCP Capital Corp. - Closed End Fund (TCPC)
Last blackrock tcp capital corp. - closed end fund earnings: 2/26 08:05 am
Check Earnings Report
US:NASDAQ Investor Relations:
investors.tcpcapital.com/investor-relations
Company Research
Source: Seeking Alpha
I consider BlackRock TCP Capital ( TCPC ) to be one of the most undervalued business development companies (BDCs), given its history and potential dividend coverage, supported by a higher quality portfolio and management as discussed in this article. BDC Buzz & Insider Purchases Over the last three months, the average BDC stock price declined by over 10% likely due to investors seeking higher yields on non-investment grade debt as discussed in previous articles. As shown below, BDCs started to rally as many reported strong Q3 2018 results, followed by another decline that could have been partially due to tax-loss harvesting and could keep prices lower through mid-to-late December (see discussion at the end of this article). Also, there is a good chance that investors are continuing to discount TCPC's stock price due to the potential for a combination with BlackRock Capital Investment ( BKCC ) and was discussed on the recent call:
Show less
Read more
Impact Snapshot
Event Time:
TCPC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TCPC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TCPC alerts
High impacting BlackRock TCP Capital Corp. - Closed End Fund news events
Weekly update
A roundup of the hottest topics
TCPC
News
- BlackRock TCP Capital Corp. to Report First Quarter ended March 31, 2024 Financial Results on May 1, 2024Business Wire
- BlackRock TCP Capital Corp. (NASDAQ: TCPC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $11.50 to $10.50. They now have a "market perform" rating on the stock.MarketBeat
- BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment CorporationBusiness Wire
- BlackRock TCP Capital Corp. (NASDAQ: TCPC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $12.50 to $11.50. They now have a "market perform" rating on the stock.MarketBeat
- BlackRock TCP Capital Corp. (NASDAQ: TCPC) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.MarketBeat
TCPC
Earnings
- 2/29/24 - Miss
TCPC
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 3/22/24 - Form PRE
- TCPC's page on the SEC website