TCPC

Financial Results Announcement: BlackRock TCP Capital Corp. will report its financial results for Q1 2025 on May 8, 2025, and host a conference call at 12:00 p.m. ET to discuss these results.

Company Overview: BlackRock TCP Capital Corp. is a specialty finance company focused on direct lending to middle-market companies, aiming for high total returns through current income and capital appreciation while emphasizing principal protection.

Insider Trading Activity: Philip M Tseng, CEO of $TCPC, purchased 10,000 shares for approximately $77,400, increasing his holdings by 35%. In the last six months, all insider trades for $TCPC have been purchases with no sales reported.

Institutional Investor Movements: 55 institutional investors have increased their positions in $TCPC stock, while 85 have decreased their holdings in the most recent quarter.

Insider Trading Activity: Patrick Wolfe, COO of $TCPC, purchased 6,100 shares for approximately $49,508, increasing his holdings by about 320.5%, with a total of 8,003 shares now owned. In the past six months, all five insider trades reported were purchases.

Institutional Investor Movements: In the latest quarter, 55 institutional investors increased their positions in $TCPC stock while 85 reduced theirs, indicating mixed sentiment among larger shareholders.

Financial Performance Overview: BlackRock TCP Capital Corp. reported a net investment income of $33.8 million ($0.40 per share) for Q4 2024, with a total net unrealized loss of $72.3 million, leading to a net decrease in assets from operations of $38.6 million. The company declared a first-quarter dividend of $0.25 per share and a special dividend of $0.04 per share.

Portfolio and Investment Activity: As of December 31, 2024, the company's investment portfolio was valued at approximately $1.8 billion, with 91.2% in senior secured debt. The firm experienced an increase in non-accrual investments, which represented 5.6% of the portfolio at fair value, while also reporting total acquisitions of $120.7 million and dispositions of $168.6 million during the quarter.

Financial Performance: BlackRock TCP Capital Corp. reported a net investment income of $33.8 million for Q4 2024, exceeding its dividend payout, while adjusted net investment income for the year was $121.5 million. The company also experienced a decrease in net asset value per share from $10.11 to $9.23 over the quarter.

Dividends and Future Outlook: The Board declared a regular dividend of $0.25 per share and a special dividend of $0.04 per share for Q1 2025, with plans for additional special dividends in subsequent quarters. The management team remains optimistic about addressing portfolio challenges and improving performance moving forward.

Financial Results Announcement: BlackRock TCP Capital Corp. will report its fourth quarter and fiscal year financial results on February 27, 2025, and host a conference call to discuss these results at 1:00 p.m. Eastern Time.

Company Overview: BlackRock TCP Capital Corp. is a specialty finance company focused on direct lending to middle-market companies and small businesses, aiming for high total returns through current income and capital appreciation while emphasizing principal protection.

Earnings Conference Call: BlackRock TCP Capital Corp held its Q3 2024 earnings conference call on November 6, 2024, where company executives discussed financial results and addressed questions from analysts.

Forward-Looking Statements: The call included forward-looking statements that involve risks and uncertainties, with actual results potentially differing from projections; the company also provided supplemental information on their website.

Financial Performance: BlackRock TCP Capital Corp. reported a net investment income of $33.9 million ($0.40 per share) for Q3 2024, exceeding its regular dividend of $0.34 per share, and declared a special dividend of $0.10 per share, marking 50 consecutive quarters of dividend coverage.

Portfolio Activity: The company made total acquisitions of approximately $72.8 million and dispositions of $139.2 million during the quarter, while maintaining a diversified portfolio with a fair value of about $1.9 billion, primarily in senior secured debt.

Dividend Announcement: BlackRock TCP Capital declared a quarterly dividend of $0.34 per share and a special dividend of $0.10 per share, both payable on December 31 for shareholders of record by December 17.

Financial Performance: The company reported a non-GAAP net investment income (NII) of $0.36, which missed expectations by $0.03, while total investment income of $70.93 million exceeded estimates by $3.86 million.

Financial Results Announcement: BlackRock TCP Capital Corp. will report its third-quarter financial results on November 6, 2024, and host a conference call at 1:00 p.m. Eastern Time to discuss these results.

Company Overview: BlackRock TCP Capital Corp. is a specialty finance company focused on direct lending to middle-market companies and small businesses, aiming for high total returns through current income and capital appreciation while ensuring principal protection.

Validea's Upgrade on BlackRock TCP Capital Corp: The stock rating for BlackRock TCP Capital Corp (TCPC) improved from 0% to 80% based on Joseph Piotroski's value-quant strategy, indicating strong interest due to the company's solid financial fundamentals and valuation.

About Joseph Piotroski and Validea: Joseph Piotroski, an accounting professor, developed a stock-selection method that significantly outperformed the S&P 500. Validea utilizes strategies from investment legends to provide stock analysis and model portfolios.

Leadership Changes at BlackRock TCP Capital Corp.: Rajneesh Vig will resign as Chairman and CEO effective November 6, 2024, transitioning to a board member role until January 31, 2025. Phil Tseng will succeed him as Chairman and CEO, while Jason Mehring becomes President and Patrick Wolfe is appointed COO.

Company Overview: BlackRock TCP Capital Corp. is a specialty finance company focused on direct lending to middle-market companies, aiming for high total returns through current income and capital appreciation, and is regulated under the Investment Company Act of 1940.

Dividend Stocks at 52-Week Lows: Several dividend stocks are currently trading near their 52-week lows, presenting potential buying opportunities for investors.

Ex-Dividend Dates: Investors must purchase these stocks before their ex-dividend dates to qualify for upcoming dividend payouts, with a list of ten stocks provided.

Insider Activity: Philip Tseng, Director and President of BlackRock TCP Capital Corp, purchased 15,000 shares, increasing his total holdings to 27,480.5498 shares, amidst a trend of insider buying at the company with no sales reported over the past year.

Stock Valuation: The current stock price of BlackRock TCP Capital Corp is $9.09, significantly below its estimated intrinsic value of $22.18, indicating potential undervaluation, but also cautioning that it may be a "Possible Value Trap" according to GuruFocus analysis.

Validea's Upgrades: BlackRock TCP Capital Corp (TCPC) received a significant rating upgrade from 0% to 80% based on Joseph Piotroski's value-quant strategy, indicating strong interest in the stock due to its improving financial fundamentals.

Company Overview: BlackRock TCP Capital Corp is a closed-end investment company focused on achieving high total returns through investments primarily in the debt of middle-market companies across various industries.

Validea's Investment Strategy Update: BlackRock TCP Capital Corp (TCPC) received a significant rating upgrade from 0% to 80% based on Joseph Piotroski's value-quant strategy, indicating strong interest due to improved financial fundamentals and stock valuation.

About Joseph Piotroski and Validea: Joseph Piotroski, an accounting professor, developed a successful stock-selection method that outperformed the S&P 500, and Validea is an investment research service that applies strategies from renowned investors to identify high-potential stocks.

Financial Performance: BlackRock TCP Capital Corp. reported a net investment income of $35.8 million for Q2 2024, exceeding its dividend payout, but experienced a net decrease in assets from operations of $51.3 million due to higher non-accruals and unrealized losses on investments.

Investment Activity and Outlook: The company made approximately $129.7 million in new investments during the quarter while also amending its operating facility to extend maturity dates, indicating a strong capital position and a promising pipeline for future investments.

• Special dividends are not commonly reported by mainstream websites but can significantly increase yields for investors.
• These dividends are often one-time payouts resulting from events like selling assets or sharing excess profits.
• Some companies use special dividends as part of a hybrid dividend program to maintain regular dividends and top up payouts when profits allow.
• Examples of companies offering special dividends include HSBC, Costco, Dillard's, National Presto Industries, Haverty Furniture, CVR Energy, and BlackRock TCP Capital Corp.
• While special dividends can boost annual yields, they may not provide consistent income, making monthly dividend stocks a more reliable option for some investors.