Don’t Overlook BlackRock TCP Capital’s 12% Yield for High Income!
November 21, 2023
🌥️Trending News
BLACKROCK ($NASDAQ:TCPC): Don’t overlook BlackRock TCP Capital as an opportunity for high income investments! This publicly traded business development company (BDC) offers a whopping 12% yield, making it an attractive option for investors seeking high-yielding income assets. BlackRock TCP Capital, formerly known as Triangle Capital Corporation, is a leading provider of capital to small and mid-sized businesses across the United States.
The company boasts a strong track record of financial performance, having reported consistent dividend payments for over a decade. With a solid foundation and strong fundamentals, BlackRock TCP Capital is well positioned to continue providing above-average yields to investors for years to come.
Analysis
As GoodWhale, we recently performed an analysis of BLACKROCK TCP CAPITAL’s financials. After using the Star Chart, we classified BLACKROCK TCP CAPITAL as a ‘rhino’; a type of company that has achieved moderate revenue or earnings growth. Because of this, we can conclude that investors who are looking for moderate growth may be interested in BLACKROCK TCP CAPITAL. When assessing BLACKROCK TCP CAPITAL’s health score, it was found to be 3/10 with regard to its cashflows and debt. This indicates that it is less likely for BLACKROCK TCP CAPITAL to pay off debt and fund future operations. Specifically, BLACKROCK TCP CAPITAL is strong in liquidity, medium in dividend, and weak in asset, growth, and profitability. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TCPC. More…
| Total Revenues | Net Income | Net Margin |
| 15.62 | 4 | 25.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TCPC. More…
| Operations | Investing | Financing |
| 87.6 | – | -101.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TCPC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.72k | 984.17 | 12.72 |
Key Ratios Snapshot
Some of the financial key ratios for TCPC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -25.8% | – | – |
| FCF Margin | ROE | ROA |
| 560.8% | 0.3% | 0.1% |
Peers
Pennant Park Investment Corp, Fidus Investment Corp, Apollo Investment Corp are all competitors of BlackRock TCP Capital Corp.
– Pennant Park Investment Corp ($NASDAQ:FDUS)
Fidus Investment Corporation is a publicly traded business development company that provides financing solutions for middle-market companies. The Company’s investment objective is to provide private equity and mezzanine capital to support the growth and recapitalization of middle-market companies. Fidus Investment Corporation is based in Los Angeles, California.
Summary
BlackRock TCP Capital is a business development company (BDC) that offers investors a 12% yield. It has performed well in its niche of investing in middle-market companies, providing loans for growth-focused initiatives and capital for acquisitions. An analysis of its portfolio composition shows that it is heavily focused on senior secured debt investments, which adds stability to its income stream. The company is also diversified across multiple industries, with a significant focus on consumer discretionary, technology, and media sectors. BlackRock TCP Capital has a low leverage ratio which helps it mitigate risk and maintain consistent returns.
Additionally, the company regularly pays dividends to its shareholders and has a long track record of strong performance. Overall, BlackRock TCP Capital is an attractive option for investors looking for a high-yielding BDC with solid fundamentals.
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