Alert: Positive Investment/Fundamental Signals (12/11/23)-Blackrock TCP Capital Corp (NASDAQ: TCPC)


Blackrock TCP Capital Corp (NASDAQ: TCPC). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, its longer term price trend turned up, and the stock rose on very heavy volume.

Blackrock TCP Capital Corp (NASDAQ: TCPC). Marginal positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, TCPC is expected to continue to be an important Value Builder.

BlackRock TCP Capital has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. BlackRock TCP Capital has a slightly positive Appreciation Score of 62 and a very high Power Rating of 92, triggering the Highest Value Trend Rating.

Recent Price Action

Blackrock TCP Capital Corp (NASDAQ: TCPC) stock closed at $12.19 on 12/11/23 after a modest gain of 0.5%. Moreover, exceptionally high trading volume at 237% of normal accompanied the advance. The stock has risen 1.3% during the last week and has been exceptionally strong relative to the market over the last nine months.

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