BlackRock TCP Capital Corp. (TCPC)
NASDAQ:TCPC
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TCPC Stock Chart & Stats
$4.33
-$0.03(-0.35%)
At close: 4:00 PM EST
$4.33
-$0.03(-0.35%)
Day’s Range― - ―
52-Week Range$3.43 - $8.06
Previous CloseN/A
Volume108.15K
Average Volume (3M)1.34M
Market Cap
$348.71M
Enterprise Value$1.33B
Total Cash (Recent Filing)$61.08M
Total Debt (Recent Filing)$1.04B
Price to Earnings (P/E)―
Beta0.91
Next Earnings
May 07, 2026EPS Estimate
0.2Next Dividend Ex-DateN/A
Dividend Yield21.13%
Share Statistics
EPS (TTM)0.25
Shares Outstanding84,229,110
10 Day Avg. Volume1,145,049
30 Day Avg. Volume1,335,947
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.78
Price to Sales (P/S)-6.09
P/FCF Ratio3.00
Enterprise Value/Market Cap3.82
Enterprise Value/Revenue24.80
Enterprise Value/Gross Profit-14.29
Enterprise Value/Ebitda-58.30
Forecast
1Y Price Target
$3.50Price Target Upside-19.17% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.77
Revenue Forecast (FY)$153.40M
Bulls Say, Bears Say
Bulls Say
Liquidity And DeleveragingMaterial year-end liquidity and the $325M note repayment materially lower near-term refinancing risk and give the manager runway to work out stressed credits, fund selective senior deployments, and reduce leverage without forcing asset sales — supporting stability over the next several months.
Shift To Senior-Secured, Smaller PositionsA deliberate rotation into first‑lien, senior secured loans and materially smaller new positions reduces recovery and idiosyncratic risk, improves downside protection in higher-rate environments, and spreads credit exposure—an enduring portfolio construct that should lower future mark volatility.
Stable Funding And Origination AdvantageMultiple low-cost facilities, an SBA program and substantial available borrowings provide durable funding flexibility, enabling measured deleveraging or opportunistic deployment. Combined with heavy incumbency in deployments, the BlackRock platform supports repeat deal flow and origination edge over peers.
Bears Say
Large NAV Decline And Realized LossesA 19% quarterly NAV drop driven by sizable realized and unrealized losses depletes book capital, constrains distributable earnings, and forces a conservative capital posture. This reduction weakens buffer for future credit stress and may slow dividend restoration or deployment plans over the medium term.
Concentration Of Vintage Underwriting RiskThe bulk of markdowns concentrated in 2021-era deals signals cohort-specific underwriting and macro mismatch to higher rates. This vintage concentration raises the risk that other similar legacy positions face further deterioration, undermining diversification benefits and complicating recovery timelines.
NII Pressure And Yield CompressionDeclining NII and lower effective yields indicate spread compression versus funding costs and reduce margin for error on dividends. Sustained yield pressure and lower reinvestment yields limit sustainable income generation, forcing tougher underwriting or reduced payouts over the coming quarters.
BlackRock TCP Capital News
TCPC FAQ
What was BlackRock TCP Capital Corp.’s price range in the past 12 months?
BlackRock TCP Capital Corp. lowest stock price was $3.43 and its highest was $8.05 in the past 12 months.
What is BlackRock TCP Capital Corp.’s market cap?
BlackRock TCP Capital Corp.’s market cap is $348.71M.
When is BlackRock TCP Capital Corp.’s upcoming earnings report date?
BlackRock TCP Capital Corp.’s upcoming earnings report date is May 07, 2026 which is in 8 days.
How were BlackRock TCP Capital Corp.’s earnings last quarter?
BlackRock TCP Capital Corp. released its earnings results on Feb 27, 2026. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.262 by -$0.012.
Is BlackRock TCP Capital Corp. overvalued?
According to Wall Street analysts BlackRock TCP Capital Corp.’s price is currently Overvalued.
Does BlackRock TCP Capital Corp. pay dividends?
BlackRock TCP Capital Corp. pays a Quarterly dividend of $0.25 which represents an annual dividend yield of 21.13%. See more information on BlackRock TCP Capital Corp. dividends here
What is BlackRock TCP Capital Corp.’s EPS estimate?
BlackRock TCP Capital Corp.’s EPS estimate is 0.2.
How many shares outstanding does BlackRock TCP Capital Corp. have?
BlackRock TCP Capital Corp. has 84,229,110 shares outstanding.
What happened to BlackRock TCP Capital Corp.’s price movement after its last earnings report?
BlackRock TCP Capital Corp. reported an EPS of $0.25 in its last earnings report, missing expectations of $0.262. Following the earnings report the stock price went down -9.328%.
Which hedge fund is a major shareholder of BlackRock TCP Capital Corp.?
Currently, no hedge funds are holding shares in TCPC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
BlackRock TCP Capital Stock Smart Score
Neutral
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Analyst Consensus
Moderate Sell
Average Price Target:
$3.50 (-19.17% Downside)
$3.50 (-19.17% Downside)
Blogger Sentiment
Bearish
TCPC Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 608.0 Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $14.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 3.1%
Last 30 Days ▼ 3.4%
Last 30 Days ▼ 3.4%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-24.24%
12-Months-Change
Fundamentals
Return on Equity
-12.44%
Trailing 12-Months
Asset Growth
-14.18%
Trailing 12-Months
Company Description
BlackRock TCP Capital Corp.
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. 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 including complex situations. It prefers to make equity investments in companies for an ownership stake.
TCPC Company Deck
TCPC Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Negative
The call contained material negative developments—most notably a 19% NAV decline, sizable realized and unrealized losses, and lower NII—counterbalanced by solid liquidity, active deleveraging actions (including a $325M note repayment), a strategic shift toward first-lien loans, tighter position sizing and ongoing share repurchases. While management highlighted remediation actions and BlackRock platform support, the near-term financial metrics and concentrated markdowns point to meaningful challenges that outweigh the operational and liquidity positives.View all TCPC earnings summariesTCPC Stock 12 Month Forecast
Average Price Target
$3.50
▼(-19.17% Downside)
Technical Analysis
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CION Investment Corp
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