Stock FAQs

what is senior note of tcpc stock

by Isobel Brakus Published 3 years ago Updated 2 years ago
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How much does TCPC stock pay a dividend?

BlackRock TCP Capital pays an annual dividend of $1.44 per share, with a dividend yield of 10.25%. TCPC's next quarterly dividend payment will be made to shareholders of record on Tuesday, December 31.

What is the ticker symbol for TCP capital?

Our stock is traded on NASDAQ under the ticker symbol ''TCPC''. TCP Capital's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection.

Who holds Blackrock TCP capital stock?

Only 0.71% of the stock of BlackRock TCP Capital is held by insiders. Only 27.61% of the stock of BlackRock TCP Capital is held by institutions. Earnings for BlackRock TCP Capital are expected to grow by 4.72% in the coming year, from $1.27 to $1.33 per share.

What happens to senior notes when they become common stock?

Some senior notes are convertible into shares of the issuer's common stock. In that case, investors may choose to hold senior notes until maturity or to convert the notes into a specified number of common stock shares.

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Should I buy or sell BlackRock TCP Capital stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last twelve months. There a...

What is BlackRock TCP Capital's stock price forecast for 2022?

2 Wall Street analysts have issued twelve-month target prices for BlackRock TCP Capital's shares. Their forecasts range from $14.25 to $15.50. On a...

How has BlackRock TCP Capital's stock performed in 2022?

BlackRock TCP Capital's stock was trading at $13.51 on January 1st, 2022. Since then, TCPC shares have decreased by 0.4% and is now trading at $13....

When is BlackRock TCP Capital's next earnings date?

BlackRock TCP Capital is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022. View our earnings forecast for...

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced its quarterly earnings data on Wednesday, May, 4th. The investment management company reported...

How often does BlackRock TCP Capital pay dividends? What is the dividend yield for BlackRock TCP Capital?

BlackRock TCP Capital announced a quarterly dividend on Wednesday, May 4th. Shareholders of record on Thursday, June 16th will be paid a dividend o...

Is BlackRock TCP Capital a good dividend stock?

BlackRock TCP Capital(NASDAQ:TCPC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 8.85%. TCPC has a dividend yiel...

Who are BlackRock TCP Capital's key executives?

BlackRock TCP Capital's management team includes the following people: Mr. Rajneesh Vig CPA , Chairman & CEO (Age 51) ( LinkedIn Profile ) Mr. P...

Who are some of BlackRock TCP Capital's key competitors?

Some companies that are related to BlackRock TCP Capital include BlackRock (BLK) , Bank of New York Mellon (BK) , Ameriprise Financial (AMP) ,...

Signals & Forecast

Mostly positive signals in the chart today. The TCP Capital Corp. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

Support, Risk & Stop-loss

TCP Capital Corp. finds support from accumulated volume at $13.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

Is TCP Capital Corp. stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for TCP Capital Corp. stock to perform well in the short-term period.

Insiders are very positive buying more shares than they are selling in TCP Capital Corp

In the last 100 trades there were 288.34 thousand shares bought and 2 thousand shares sold. The last trade was done 71 days ago by Vig Rajneesh who bough 7.5 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.

About TCP Capital Corp

TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Top Fintech Company

featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Company Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and…

Analyst Opinions

The Equity Summary Score is an accuracy-weighted sentiment derived from the ratings of independent research providers on Fidelity.com. It uses the past relative accuracy of the providers in determining the emphasis placed on any individual opinion. Learn More....

Research Reports

This generated report* compiles independent, third-party information highlighting key fundamental and technical data, analyst opinions, stock price movement, earnings data, and industry comparisons. Available only to Fidelity customers.

About TCPC

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments.

Analyst Forecast

According to 13 analysts, the average rating for TCPC stock is "Buy." The 12-month stock price forecast is 15.48, which is an increase of 12.91% from the latest price.

News

BlackRock TCP (TCPC) delivered earnings and revenue surprises of -3.12% and 4.34%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

What is BlackRock TCP Capital's dividend yield?

The current dividend yield for BlackRock TCP Capital (NASDAQ:TCPC) is 8.80%. Learn more

How much is BlackRock TCP Capital's annual dividend?

The annual dividend for BlackRock TCP Capital (NASDAQ:TCPC) is $1.20. Learn more

How often does BlackRock TCP Capital pay dividends?

BlackRock TCP Capital (NASDAQ:TCPC) pays quarterly dividends to shareholders.

When was BlackRock TCP Capital's most recent dividend payment?

BlackRock TCP Capital's most recent quarterly dividend payment of $0.30 per share was made to shareholders on Friday, December 31, 2021.

Is BlackRock TCP Capital's dividend growing?

Over the past three years, BlackRock TCP Capital's dividend has not grown. It has decreased by -16.67%.

When did BlackRock TCP Capital last increase or decrease its dividend?

The most recent change in BlackRock TCP Capital's dividend was a decrease of $0.06 on Tuesday, August 4, 2020.

BlackRock TCP Capital (TCPC)

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

BLACKROCK TCP CAPITAL CORP. - Hold

Zacks' proprietary data indicates that BLACKROCK TCP CAPITAL CORP. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the TCPC shares relative to the market in the next few months. In addition, BLACKROCK TCP CAPITAL CORP.

Style Scorecard

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

What is a senior note?

A senior note is a type of bond that takes precedence over other debts in the event that the company declares bankruptcy and is forced into liquidation. Because they carry a lower degree of risk, senior notes pay lower rates of interest than junior bonds.

What happens to convertible senior notes?

Convertible senior notes may be held to maturity or converted into shares of the company's common stock. If a liquidation occurs, secured debt is repaid first by selling the collateral backing the debt, then senior note-holders are paid, then holders of other unsecured debt, if any assets remain.

Why are senior notes more secure than other bonds?

Senior notes are bonds that must be repaid before most other debts in the event that the issuer declares bankruptcy. That makes senior notes more secure than other bonds. That greater level of safety means investors earn slightly lower interest rates.

What is the formula used to determine creditworthiness?

A commonly-used formula that rating agencies employ to analyze creditworthiness is the interest coverage ratio. This formula is defined as the ratio of earnings before interest and taxes divided by interest expense.

How long does it take for a senior note to mature?

U.S. Treasury senior notes mature in two to 10 years. Senior notes may or may not be backed by specific assets that are pledged as collateral. Therefore, in the event that the company is forced into liquidation, holders of unsecured senior notes may not recoup their principal and interest in full.

Is a senior note the same as a senior debt?

A senior note is not the same thing as senior debt, although the terms are often used interchangeably. Senior debt is a broader term that is used to describe all of a company's debts that have priority status in the event of bankruptcy. Most senior debt is collateralized.

When is Eagle Point Credit Company due?

GREENWICH, Conn., Jun 21, 2021--Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today announced, in connection with its previously disclosed underwritten public offering of 1,060,000 shares of its 6.50% Series C Term Preferred Stock due 2031 (the "Preferred Stock") at a public offering price of $25 per share that closed on June 16, 2021, that the underwriters of such offering have fully exercised their overallotment to purchase an additional 140,000 shar

When will BlackRock report its results?

(NASDAQ: TCPC) announced today that it has advanced the date that it will report its financial results for the second quarter ended June 30, 2021.

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