TCP Capital (TCPC) - NASDAQ
  • Wed, Jun. 8, 8:57 AM
    • CNO Financial (NYSE:CNO) opts to convert $30M in total principal amount of the 5.25% convertible note due in 2021 to roughly 2M shares of TCP Capital (NASDAQ:TCPC) at a price of $15.02 (the current NAV).
    • TCPC closed last night at $14.94.
    | Wed, Jun. 8, 8:57 AM | 6 Comments
  • Tue, May 10, 8:40 AM
    • Q1 net investment income of $18.3M or $0.38 per share vs. $20.8M and $0.43 one year ago. Quarterly dividend is $0.36.
    • Net asset value per share of $14.66 down from $14.78 three months earlier. Last night's close was $14.76.
    • Total acquisitions during quarter of $114.1M, and dispositions of $66.1M.
    • Conference call at 1 ET
    • TCPC flat premarket
    | Tue, May 10, 8:40 AM
  • Tue, May 10, 8:39 AM
    • TCP Capital (NASDAQ:TCPC): Q1 EPS of $0.38 misses by $0.01.
    • Revenue of $34.6M (+5.4% Y/Y) misses by $0.76M.
    • Press Release
    | Tue, May 10, 8:39 AM
  • Tue, May 10, 8:38 AM
    • TCP Capital (NASDAQ:TCPC) declares $0.36/share quarterly dividend, in line with previous.
    • Forward yield 9.76%
    • Payable June 30; for shareholders of record June 16; ex-div June 14.
    | Tue, May 10, 8:38 AM
  • Mon, Apr. 18, 5:42 PM
    • CNO Financial (NYSE:CNO) has purchased a non-controlling, minority stake in Tennenbaum Capital Partners, an L.A.-based investment management operation with more than $6B in capital under management. Financial terms weren't disclosed.
    • In addition, CNO agrees to make over a period of time about $250M of investments across TCP's managed funds and strategies.
    • TCP is known to BDC fans as the manager of TCP Capital (NASDAQ:TCPC), and CNO has also made a $30M commitment to that vehicle.
    • Source: Press release
    • Now read: My Top Insurance Stocks For 2016 (March 12)
    | Mon, Apr. 18, 5:42 PM | 1 Comment
  • Mon, Feb. 29, 11:45 AM
    • Q4 net investment income of $20.8M or $0.43 per share. Full-year NII of $79.8M or $1.63 per share. Quarterly dividend is $0.36. Full-year NII outearned full-year payout by $0.19.
    • Net increase in net assets from operations of $2.1M or $0.04 per share; full-year of $59.1M and $1.21.
    • Net asset value per share of $14.78 vs. $15.10 a quarter earlier. The current price (TCPC +2.45% on the session) is $13.81.
    • Conference call at 1 ET
    • Previously: TCP Capital beats by $0.03, beats on revenue (Feb. 29)
    | Mon, Feb. 29, 11:45 AM | 1 Comment
  • Mon, Feb. 29, 9:11 AM
    • TCP Capital (NASDAQ:TCPC) declares $0.36/share quarterly dividend, in line with previous.
    • Forward yield 10.68%
    • Payable March 31; for shareholders of record March 17; ex-div March 15.
    | Mon, Feb. 29, 9:11 AM | 4 Comments
  • Mon, Feb. 29, 8:48 AM
    • TCP Capital (NASDAQ:TCPC): Q4 EPS of $0.43 beats by $0.03.
    • Revenue of $39.6M (+23.2% Y/Y) beats by $3.25M.
    • Press Release
    | Mon, Feb. 29, 8:48 AM | 4 Comments
  • Thu, Jan. 21, 8:54 AM
    • It's stock (along with all BDCs) under extraordinary pressure to start the year, TCP Capital (NASDAQ:TCPC) puts out preliminary Q4 results.
    • The company expects adjusted NII of $0.43-$0.45 per share before excise taxes, and $0.41-$0.43 after. This compares to $0.40 in Q3. The dividend is $0.36.
    • End-of-year NAV is estimated at $14.75-$14.78, down from $15.10 at the end of Q3. The decline is mostly the result of increased spreads.
    • Since October 1, the company has repurchased stock on 51 days when the price was below NAV.
    • TCPC is lower by 11.3% YTD and 21% Y/Y.
    | Thu, Jan. 21, 8:54 AM | 5 Comments
  • Wed, Jan. 20, 11:05 AM
    • The S&P 500 is lower by 3%, oil is nearing a $26 handle, and high-yield is selling off, with HYG -1.4% and JNK -1.3%. Those two ETFs are lower by about 5% YTD and in the area of 15% Y/Y.
    • Leveraged to all the above data, BDC sector losses are eve worse. Prospect Capital (PSEC -3.6%), Fifth Street (FSC -7.4%), Ares Capital (ARCC -5.3%), FS Investment (FSIC -10.8%), Main Street (MAIN -6.4%), Blackrock Capital (BKCC -5.3%), Apollo Investment (AINV -7%), Triangle Capital (TCAP -7.9%), TICC Capital (TICC -3.1%), Pennant Park Investment (PNNT -6.5%), KCAP Financial (KCAP -7.7%), THL Credit (TCRD -8%), TCP Capital (TCPC -7.4%), Gladstone Capital (GLAD -5.6%), WhiteHorse Finance (WHF -9.3%), Garrison Capital (GARS -6.8%)
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Wed, Jan. 20, 11:05 AM | 51 Comments
  • Thu, Jan. 14, 12:04 PM
    • A rally in the major averages and in the price of oil is failing to translate into a bounce for the roughed-up BDC sector.
    • Leading the way lower today is Gladstone Capital (GLAD -16.3%) which is notable (as are others in the sector) for its exposure to energy. Popular names like Prospect Capital (PSEC -1.8%), Fifth Street FInance (FSC -3.1%), Ares Capital (ARES -2.3%), KCAP Financial (KCAP -6%), and Main Street Capital (MAIN -3.1%) also can't catch a bid.
    • As BDC Buzz points out on Seeking Alpha, the BDC sector hasn't done a whole lot worse than the broader averages this year (though that gap is surely widening today), and a large handful of names are in the green for 2016. Among them (along with how they're doing in today's session) are Goldman Sachs BDC (GSBD -1.3%), Golub Capital (GBDC -0.4%), PennantPark Floating Rate (PFLT -1.5%), TCP Capital (TCPC -1.2%), and TPG Specialty Lending (TSLX +2.3%).
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Thu, Jan. 14, 12:04 PM | 51 Comments
  • Dec. 11, 2015, 3:40 PM
    • Treasury yields are plunging, but high-yield is headed the other way again as investors mull a big selloff in the major averages and oil's plunge to below $36 per barrel.
    • The pain is widespread, but a panic in credit is particularly painful for BDCs. Hitting the tape a few minutes ago, Jeff Gundlach says "there's never just one cockroach" when credit melts down.
    • Prospect Capital (PSEC -5.5%), Ares Capital (ARCC -5.7%), FS Investment (FSIC -3.6%), BlackRock Capital (BKCC -3.8%), Apollo Investment (AINV -3.8%), PennantPark (PNNT -4.1%), Medley Capital (MCC -4.1%), TCP Capital (TCPC -2.5%), Gladstone Capital (GLAD -6.4%).
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Dec. 11, 2015, 3:40 PM | 57 Comments
  • Nov. 5, 2015, 8:42 AM
    • TCP Capital Corp (NASDAQ:TCPC) declares $0.36/share quarterly dividend, in line with previous.
    • Forward yield 9.69%
    • Payable Dec. 31; for shareholders of record Dec. 17; ex-div Dec. 15.
    | Nov. 5, 2015, 8:42 AM
  • Nov. 5, 2015, 8:35 AM
    • TCP Capital Corp (NASDAQ:TCPC): Q3 NII of $0.40 in-line.
    • Total investment income of $35.5M (+30.6% Y/Y) misses by $0.14M.
    | Nov. 5, 2015, 8:35 AM
  • Sep. 29, 2015, 3:24 PM
    • It's not just about energy anymore, according to a BAML report. "The malaise is spreading." High-yield, says the team, "[is] a slow-moving train wreck that just seems to be accelerating."
    • Equity-type proxies for the high-yield market, business development companies are under major selling pressure again today, with already large discounts to NAVs growing even wider.
    • Previously: Ares Capital greenlighted for $100M in buybacks (Sept. 28)
    • Prospect Capital (PSEC -3.6%), Ares Capital (ARCC -2.7%), Apollo Investment (AINV -4%), TCP Capital (TCPC -5.4%), Monroe Capital (MRCC -4.5%), Oxford Lane Capital (OXLC -5.4%), PennantPark Investment (PNNT -1.8%), American Capital (ACAS -2.5%), Medley Capital (MCC -4.1%), Harris & Harris (TINY -5.4%)
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Sep. 29, 2015, 3:24 PM | 45 Comments
  • Aug. 6, 2015, 8:53 AM
    • TCP Capital Corp (NASDAQ:TCPC) declares $0.36/share quarterly dividend, in line with previous.
    • Forward yield 9.43%
    • Payable Sept. 30; for shareholders of record Sept. 16; ex-div Sept. 14.
    | Aug. 6, 2015, 8:53 AM
Company Description
TCP Capital Corp. is an externally managed, closed-end and non-diversified management investment company. The Company invests primarily in the debt of middle-market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Its investment... More
Sector: Financial
Country: United States