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BlackRock TCP Capital Corp. (TCPC)
NASDAQ:TCPC
TCPC Stock Chart & Stats
$3.97
-$0.03(-0.35%)
At close: 4:00 PM EST
$3.97
-$0.03(-0.35%)
Day’s Range― - ―
52-Week Range$3.83 - $8.36
Previous CloseN/A
Volume108.15K
Average Volume (3M)1.33M
Market Cap
$334.79M
Enterprise Value$275.74M
Total Cash (Recent Filing)$61.08M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)1.4
Beta0.68
Next Earnings
May 06, 2026EPS Estimate
0.2Next Dividend Ex-DateN/A
Dividend Yield21.13%
Share Statistics
EPS (TTM)0.25
Shares Outstanding84,331,040
10 Day Avg. Volume1,546,938
30 Day Avg. Volume1,326,020
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.78
Price to Sales (P/S)2.30
P/FCF Ratio3.00
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue2.49
Enterprise Value/Gross Profit4.74
Enterprise Value/Ebitda2.13
Forecast
1Y Price Target
$3.50Price Target Upside-11.84% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.8
Revenue Forecast (FY)$159.72M
Bulls Say, Bears Say
Bulls Say
Focused Middle‑market, Senior‑secured LendingTCPC's core business—middle‑market, privately originated debt with emphasis on senior‑secured structures—is a durable income engine. Interest and fee income from sponsor‑backed loans typically generate steady cash yields and lower recovery volatility versus unsecured credit, supporting distributable earnings and risk management over the medium term.
Improved Leverage And Cleaner Balance SheetA materially de‑levered 2025 balance sheet reduces refinancing and covenant risk and gives the BDC flexibility to deploy capital or absorb future credit losses. Lower structural debt levels improve liquidity headroom and funding optionality, strengthening resilience across a 2–6 month horizon as portfolio remediation continues.
Positive Cash Generation And RecoveryRecovered and generally positive operating and free cash flow supports dividend coverage, reinvestment, and opportunistic buying. While historical year‑to‑year variability exists, recent cash generation provides a durable buffer for distributions and remediation efforts and underpins near‑term capital deployment decisions.
Bears Say
Sharp NAV Decline And Dividend CutA sudden ~19% NAV drop and a dividend reduction reflect realized and unrealized portfolio stress that erodes shareholder capital and reduces distribution visibility. This structural hit weakens investor confidence and constrains the BDC's ability to maintain prior payout levels while it works through credit remediation over subsequent quarters.
Large Realized Losses And Asset LiquidationsSignificant realized losses materially reduce available capital and NAV, forcing more conservative underwriting and provisioning. Such losses consume retained earnings, limit buybacks/dividends, and can trigger higher regulatory leverage ratios if not offset by asset sales or capital raises, affecting the firm's financial flexibility over months.
Concentration And Vintage Underwriting RiskConcentration of losses in a small set of holdings and a clear underwriting vintage issue imply structural credit selection weakness for certain periods. That raises the probability of episodic large write‑downs going forward, increases monitoring and due‑diligence costs, and may slow portfolio deployment while management tightens standards.
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 $3.83 and its highest was $8.36 in the past 12 months.
What is BlackRock TCP Capital Corp.’s market cap?
BlackRock TCP Capital Corp.’s market cap is $334.79M.
When is BlackRock TCP Capital Corp.’s upcoming earnings report date?
BlackRock TCP Capital Corp.’s upcoming earnings report date is May 06, 2026 which is in 60 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 84,331,040 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 -9.313%.
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
Underperform
1
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5
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8
9
10
Analyst Consensus
Moderate Sell
Average Price Target:
$3.50 (-11.84% Downside)
$3.50 (-11.84% Downside)
Blogger Sentiment
Bearish
TCPC Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 608.0 Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 13.5%
Last 30 Days ▲ 13.5%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.28%
12-Months-Change
Fundamentals
Return on Equity
-12.86%
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
▼(-11.84% Downside)
Technical Analysis
Gladstone Capital
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Gladstone Investment
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Pennantpark Investment
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Crescent Capital BDC
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CION Investment Corp
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