BlackRock TCP Capital (NASDAQ:TCPC) & NI (NASDAQ:NODK) Head-To-Head Analysis

BlackRock TCP Capital (NASDAQ:TCPC) and NI (NASDAQ:NODK) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, valuation, dividends, profitability, institutional ownership, earnings and analyst recommendations.

Dividends

BlackRock TCP Capital pays an annual dividend of $1.44 per share and has a dividend yield of 10.1%. NI does not pay a dividend. BlackRock TCP Capital pays out 90.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Profitability

This table compares BlackRock TCP Capital and NI’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
BlackRock TCP Capital 21.88% 11.27% 5.69%
NI 16.51% 12.44% 7.31%

Valuation & Earnings

This table compares BlackRock TCP Capital and NI’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
BlackRock TCP Capital $190.50 million 4.41 $45.48 million $1.59 8.98
NI $212.37 million 1.81 $31.08 million N/A N/A

BlackRock TCP Capital has higher earnings, but lower revenue than NI.

Analyst Ratings

This is a summary of recent recommendations and price targets for BlackRock TCP Capital and NI, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BlackRock TCP Capital 0 0 4 0 3.00
NI 0 0 0 0 N/A

BlackRock TCP Capital currently has a consensus price target of $16.88, suggesting a potential upside of 18.17%. Given BlackRock TCP Capital’s higher possible upside, equities research analysts clearly believe BlackRock TCP Capital is more favorable than NI.

Insider & Institutional Ownership

42.8% of BlackRock TCP Capital shares are held by institutional investors. Comparatively, 20.7% of NI shares are held by institutional investors. 0.6% of BlackRock TCP Capital shares are held by company insiders. Comparatively, 0.5% of NI shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Risk and Volatility

BlackRock TCP Capital has a beta of 0.71, meaning that its share price is 29% less volatile than the S&P 500. Comparatively, NI has a beta of 0.06, meaning that its share price is 94% less volatile than the S&P 500.

Summary

BlackRock TCP Capital beats NI on 9 of the 14 factors compared between the two stocks.

BlackRock TCP Capital Company Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million. It prefers to make equity investments in companies for an ownership stake.

NI Company Profile

NI Holdings, Inc. underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, Arizona, and Illinois. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies, as well as non-standard automobile insurance products. The company distributes its insurance products through independent producers and independent agents. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc. is a subsidiary of Nodak Mutual Group, Inc.

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