TCP Capital (TCPC) Tops Q4 EPS by 1c

TCP Capital (NASDAQ: TCPC) reported Q4 EPS of $0.39, $0.01 better than the analyst estimate of $0.38.

• Net investment income before taxes and a one-time expense for the quarter ended December 31, 2016 was $20.7 million, or $0.39 per share on a diluted basis. Net investment income after taxes and a one-time expense for the quarter ended December 31, 2016 was $18.9 million, or $0.36 per share on a diluted basis, net of $0.09 per share in incentive compensation. Net investment income after taxes for the year ended December 31, 2016 was $76.2 million, or $1.50 per share on a diluted basis, net of $0.37 per share in incentive compensation.
• Net increase in net assets resulting from operations for the quarter ended December 31, 2016 was $22.9 million, or $0.43 per share. Net increase in net assets resulting from operations for the year ended December 31, 2016 was $76.3 million, or $1.50 per share.
• Net asset value per share at December 31, 2016 increased to $14.91 from $14.84 at September 30, 2016 and $14.78 at December 31, 2015. The increase over December 31, 2015 is primarily a result of net investment income in excess of paid dividends and a premium from the issuance of convertible debt.
• Total acquisitions during the quarter ended December 31, 2016 were $207.4 million and total dispositions were $179.2 million.
• On February 28, 2017, our board of directors declared a first quarter dividend of $0.36 per share payable on March 31, 2017 to shareholders of record as of March 17, 2017.

For earnings history and earnings-related data on TCP Capital (TCPC) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Innovaro (INV) Misses Q2 EPS by 9c
• Kodiak Sciences Inc. (KOD) Misses Q2 EPS by 7c