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
Entry into a Material Definitive Agreement
30 May 24
8-K
Submission of Matters to a Vote of Security Holders
28 May 24
424B5
Prospectus supplement for primary offering
24 May 24
8-K
Other Events
23 May 24
DEFA14A
Additional proxy soliciting materials
23 May 24
FWP
Free writing prospectus
22 May 24
424B3
Prospectus supplement
22 May 24
POS EX
Additional exhibits for listing
22 May 24
8-K
Departure of Directors or Certain Officers
10 May 24
8-K
Departure of Directors or Certain Officers
3 May 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) | Mar 24 | Sep 23 | Jun 23 | Mar 23 | |
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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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Operating income | |||||
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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) | 120.57 mm | 120.57 mm | 120.57 mm | 120.57 mm | 120.57 mm | 120.57 mm |
Cash burn (monthly) | (no burn) | (no burn) | 18.31 mm | 17.43 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 42.08 mm | 40.06 mm | n/a | n/a |
Cash remaining | n/a | n/a | 78.49 mm | 80.51 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 4.3 | 4.6 | n/a | n/a |
Institutional ownership, Q1 2024
19.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 139 |
Opened positions | 124 |
Closed positions | 6 |
Increased positions | 6 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 147.75 bn |
Total shares | 16.61 mm |
Total puts | 32.70 k |
Total calls | 81.10 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Van Eck Associates | 1.68 mm | $17.51 mm |
IVZ Invesco | 1.06 mm | $11.05 bn |
Ares Management | 959.30 k | $10.01 bn |
MS Morgan Stanley | 935.46 k | $9.76 bn |
LGEN Legal & General | 673.22 k | $7.01 bn |
Two Sigma Advisers | 636.12 k | $6.63 bn |
Two Sigma Investments | 597.58 k | $6.23 bn |
Transcend Wealth Collective | 483.57 k | $5.04 bn |
BAC Bank Of America | 455.38 k | $4.75 bn |
Hennion & Walsh Asset Management | 449.12 k | $4.68 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Jun 24 | Andrea Petro | Common Stock | Buy | Acquire P | No | No | 11.49 | 5,000 | 57.45 k | 11,823 |
6 Jun 24 | Karen L Leets | Common Stock | Buy | Acquire P | No | No | 11.49 | 4,380 | 50.33 k | 4,380 |
28 May 24 | Eric John Draut | Common Stock | Buy | Acquire P | No | No | 10.89 | 1,000 | 10.89 k | 53,532 |
News
Press releases
BlackRock TCP Capital Corp. Prices Offering of 6.95% Notes due 2029
22 May 24
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