Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from BlackRock TCP Capital ( (TCPC) ).
BlackRock TCP Capital Corp., a business development company, reported fourth-quarter 2025 GAAP net investment income of $22.1 million, or $0.26 per diluted share, slightly above its regular dividend of $0.25 per share paid on December 31, 2025. For full-year 2025, adjusted net investment income totaled $104.0 million, or $1.22 per diluted share, while the company’s net asset value per share fell to $7.07 as of December 31, 2025 from $8.71 on September 30, 2025.
The sharp 19% NAV decline in the fourth quarter of 2025 was driven by issuer-specific issues, with six portfolio companies accounting for about two-thirds of the drop and roughly 91% of the reduction tied to investments underwritten in 2021 or earlier. Against this backdrop of elevated non-accruals, higher net regulatory leverage of 1.41x, and sizable realized and unrealized losses, the board on February 27, 2026 declared a reduced first-quarter 2026 dividend of $0.17 per share, as the company prioritizes improving portfolio credit quality and continues its shift toward more conservative, senior-secured lending.
The most recent analyst rating on (TCPC) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on BlackRock TCP Capital stock, see the TCPC Stock Forecast page.
Spark’s Take on TCPC Stock
According to Spark, TipRanks’ AI Analyst, TCPC is a Neutral.
The score is held back primarily by weakened financial performance (recent losses) and a technically weak price trend below major moving averages. An exceptionally high dividend yield and mixed-but-not-strong earnings-call takeaways provide partial support, while the recent corporate update pointing to a sharp NAV drop adds meaningful risk.
To see Spark’s full report on TCPC stock, click here.
More about BlackRock TCP Capital
BlackRock TCP Capital Corp. is a publicly traded business development company listed on Nasdaq under the ticker TCPC. It focuses on providing financing solutions, primarily through senior-secured, first-lien and other corporate loans, to a diversified portfolio of middle-market companies, leveraging BlackRock’s broader credit platform for origination and risk management.
Average Trading Volume: 1,004,494
Technical Sentiment Signal: Sell
Current Market Cap: $384.3M
See more data about TCPC stock on TipRanks’ Stock Analysis page.