TCP Capital (TCPC) Tops Q3 EPS by 2c

TCP Capital (NASDAQ: TCPC) reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40.

"We originated $164 million of new investments in the third quarter of 2018, bringing year-to-date originations to $458 million," said Howard Levkowitz, BlackRock TCP Capital Corp. Chairman and CEO. "We also covered our dividend for the 26th consecutive quarter. Our combination with BlackRock is enhancing our origination sourcing and expanding our pipeline of investment opportunities. While we are taking a highly selective approach to investing in the current environment, we continue to find attractive opportunities and to structure transactions that work for our borrowers and also deliver attractive risk adjusted returns to our investors."

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

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