tcp capital corp.'s investment objective is to seek to achieve high total returns while minimizing losses. tcp capital corp. seeks to achieve its investment objective primarily through investments in debt securities of middle-market companies, which it typically defines as those with enterprise values between $100 million and $1.5 billion. tcp capital corp. is a publicly-traded [nasdaq: tcpc] business development company (bdc) regulated under the investment company act of 1940 and is externally managed by its advisor, tennenbaum capital partners, llc, a leading alternative investment manager. for more information, visit www.tcpcapital.com.
Company profile
Ticker
TCPC
Exchange
Website
CEO
Howard Levkowitz
Employees
Incorporated
Location
Fiscal year end
Industry
Former names
Special Value Continuation Fund, LLC, TCP Capital Corp.
SEC CIK
Corporate docs
Subsidiaries
Special Value Continuation Partners LLC • TCPC Funding I, LLC • TCPC Funding II, LLC • TCPC SBIC, LP ...
IRS number
562594706
TCPC stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
3 May 24
8-K
Results of Operations and Financial Condition
1 May 24
10-Q
2024 Q1
Quarterly report
1 May 24
8-K
Departure of Directors or Certain Officers
26 Apr 24
DEFA14A
Additional proxy soliciting materials
19 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
PRE 14A
Preliminary proxy
22 Mar 24
8-K
Regulation FD Disclosure
21 Mar 24
8-K
Blackrock TCP Capital Corp. Announces Completion of Merger with Blackrock Capital Investment Corporation
18 Mar 24
425
Business combination disclosure
13 Mar 24
Transcripts
TCPC
Earnings call transcript
2024 Q1
1 May 24
TCPC
Earnings call transcript
2023 Q4
29 Feb 24
TCPC
Earnings call transcript
2023 Q3
2 Nov 23
TCPC
Earnings call transcript
2023 Q2
3 Aug 23
TCPC
Earnings call transcript
2023 Q1
4 May 23
TCPC
Earnings call transcript
2022 Q4
28 Feb 23
TCPC
Earnings call transcript
2022 Q3
3 Nov 22
TCPC
Earnings call transcript
2022 Q2
3 Aug 22
TCPC
Earnings call transcript
2022 Q1
4 May 22
TCPC
Earnings call transcript
2021 Q4
25 Feb 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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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) | 91.65 mm | 91.65 mm | 91.65 mm | 91.65 mm | 91.65 mm | 91.65 mm |
Cash burn (monthly) | 10.49 mm | 1.18 mm | 17.25 mm | 16.80 mm | (no burn) | (no burn) |
Cash used (since last report) | 76.29 mm | 8.57 mm | 125.44 mm | 122.16 mm | n/a | n/a |
Cash remaining | 15.36 mm | 83.08 mm | -33.79 mm | -30.50 mm | n/a | n/a |
Runway (months of cash) | 1.5 | 70.5 | -2.0 | -1.8 | n/a | n/a |
Institutional ownership, Q4 2023
3.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 21 |
Opened positions | 4 |
Closed positions | 94 |
Increased positions | 6 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 33.79 bn |
Total shares | 3.35 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Melia Wealth | 1.09 mm | $12.58 bn |
International Assets Investment Management | 411.98 k | $35.70 mm |
Hennion & Walsh Asset Management | 404.67 k | $4.67 bn |
Fort Washington Investment Advisors | 373.40 k | $4.31 bn |
Raymond James & Associates | 292.42 k | $3.37 bn |
Raymond James Financial Services Advisors | 188.39 k | $2.17 bn |
Richard P Slaughter Associates | 163.89 k | $1.89 bn |
Cerity Partners | 107.30 k | $1.24 bn |
Arkadios Wealth Advisors | 101.18 k | $1.17 bn |
Ignite Planners | 74.94 k | $869.36 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Mar 24 | John R Baron | Common Stock | Grant | Acquire A | No | No | 0 | 8,404 | 0.00 | 8,404 |
18 Mar 24 | Maureen K Usifer | Common Stock | Grant | Acquire A | No | No | 0 | 20,997 | 0.00 | 20,997 |
18 Mar 24 | Rajneesh Vig | Common Stock | Sale back to company | Dispose D | No | No | 0 | 38,680 | 0.00 | 105,930 |
News
Oppenheimer Maintains Perform on BlackRock TCP Cap, Lowers Price Target to $10
2 May 24
BlackRock TCP Cap Q1 Adj $0.45 Beats $0.44 Estimate, Sales $55.73M Beat $52.95M Estimate
1 May 24
Keefe, Bruyette & Woods Maintains Market Perform on BlackRock TCP Cap, Lowers Price Target to $10.5
22 Mar 24
BlackRock TCP Capital Corp. And BlackRock Capital Investment Corporation Announce Shareholder Approval Of Merger; The Surviving Entity Will Continue As An Indirect Wholly-Owned Subsidiary Of TCPC
7 Mar 24
Oppenheimer Downgrades BlackRock TCP Cap to Perform, Lowers Price Target to $11
6 Mar 24
Press releases
BlackRock TCP Capital Corp. to Report First Quarter ended March 31, 2024 Financial Results on May 1, 2024
8 Apr 24
BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation
18 Mar 24
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Shareholder Approval of Merger
7 Mar 24