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BlackRock TCP Capital ( (TCPC) ) has shared an announcement.
BlackRock TCP Capital Corp. reported first-quarter 2026 net investment income of $18.5 million, or $0.22 per diluted share, exceeding the regular dividend of $0.17 per share paid on March 31, 2026. Adjusted net investment income was $17.6 million, or $0.21 per share, while net asset value per share declined to $6.72 from $7.07 at year-end 2025 and a $16.3 million net decrease in net assets from operations reflected $35 million of net portfolio markdowns.
The company highlighted improving credit quality and balance sheet strength, with non-accruals reduced to 2.8% of the portfolio at fair value and net regulatory leverage lowered to 1.29x as of March 31, 2026. On May 7, 2026, the board declared a second-quarter dividend of $0.17 per share, payable June 30, 2026, underscoring a focus on disciplined portfolio repositioning despite pressure on net asset value from valuation markdowns.
The most recent analyst rating on (TCPC) stock is a Sell with a $3.50 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 down primarily by weak technicals (below key moving averages with negative MACD) and a pressured earnings/NAV narrative from the latest call (19% NAV drop, losses, and lower NII). Financial performance is improving but remains uneven across years, and valuation is mixed due to a negative P/E and a very high dividend yield that may reflect heightened 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. The firm focuses on providing debt and income-oriented financing solutions to middle-market companies, generating net investment income from a diversified portfolio of corporate credit investments.
Average Trading Volume: 1,191,471
Technical Sentiment Signal: Sell
Current Market Cap: $367.2M
See more insights into TCPC stock on TipRanks’ Stock Analysis page.