Blackrock Tcp Capital (TCPC) Stock Price, News & Analysis

Company Overview

BlackRock TCP Capital Corp. is a closed-end, externally managed business development company that focuses on providing customized financing solutions to middle-market companies in the United States. As an investment company regulated under the Investment Company Act of 1940, it offers tailored debt and equity capital to support growth initiatives, recapitalizations, acquisitions and buyouts. The company operates as part of BlackRock’s private credit platform, leveraging global research capabilities and risk-management infrastructure to structure flexible capital solutions.

The firm’s primary investment products include senior secured loans, subordinated debt and equity co-investments. By structuring debt instruments such as first-lien and second-lien loans, BlackRock TCP Capital aims to achieve a balance between income generation and capital preservation. The company often partners with borrowers on strategic financings, offering term loans, unitranche structures and revolving credit facilities designed to meet the varied needs of privately held businesses across industries.

Founded in 2011 as TCP Capital and publicly listed on the NASDAQ in 2013 under the ticker symbol TCPC, the firm entered into an external management agreement with BlackRock in 2020. This collaboration expanded the company’s access to global capital markets and enhanced its investment research capabilities. Over the years, BlackRock TCP Capital has built a diversified portfolio spanning sectors such as healthcare, business services, consumer products, technology and industrials, reflecting a commitment to prudent underwriting and sectoral diversification.

BlackRock TCP Capital serves middle-market companies throughout the United States, with a focus on transactions that benefit from active portfolio monitoring and strategic guidance. Timothy L. Schilling, President and Chief Executive Officer, leads a seasoned management team supported by BlackRock’s experienced credit analysts and portfolio managers. The company’s governance structure includes an independent board of directors that oversees compliance, risk management and shareholder interests.

Key Stats

• Today's Range: $7.72 to $7.88
• 50-Day Range: $6.61 to $7.95
• 52-Week Range: $6.27 to $11.06
• Volume: 285,670 shs
• Average Volume: 596,799 shs
• Market Capitalization: $663.31 million
• P/E Ratio: N/A
• Dividend Yield: 12.82%
• Price Target: $7.00
• Consensus Rating: Reduce

Blackrock Tcp Capital Stock Analysis - MarketRank™

Blackrock Tcp Capital scored higher than 17% of companies evaluated by MarketBeat, and ranked 844th out of 909 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Blackrock Tcp Capital has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Blackrock Tcp Capital has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -13.94%

Earnings Growth

Earnings for Blackrock Tcp Capital are expected to decrease by -13.94% in the coming year, from $1.65 to $1.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Blackrock Tcp Capital is -13.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blackrock Tcp Capital is -13.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Blackrock Tcp Capital has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.09% of the float of Blackrock Tcp Capital has been sold short.

Short Interest Ratio / Days to Cover

Blackrock Tcp Capital has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blackrock Tcp Capital has recently increased by 4.73%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Blackrock Tcp Capital is a leading dividend payer. It pays a dividend yield of 12.77%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Blackrock Tcp Capital does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Blackrock Tcp Capital will have a dividend payout ratio of 70.42% next year. This indicates that Blackrock Tcp Capital will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.09% of the float of Blackrock Tcp Capital has been sold short.

Short Interest Ratio / Days to Cover

Blackrock Tcp Capital has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blackrock Tcp Capital has recently increased by 4.73%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.61

News Sentiment

Blackrock Tcp Capital has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Blackrock Tcp Capital this week, compared to 3 articles on an average week.

Search Interest

Only 3 people have searched for TCPC on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

4 people have added Blackrock Tcp Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Blackrock Tcp Capital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.21% of the stock of Blackrock Tcp Capital is held by insiders.

TCPC Stock Analysis - Frequently Asked Questions

How have TCPC shares performed this year?

Blackrock Tcp Capital's stock was trading at $8.71 at the beginning of the year. Since then, TCPC shares have decreased by 10.4% and is now trading at $7.80.

How were Blackrock Tcp Capital's earnings last quarter?

Blackrock Tcp Capital Corp. (NASDAQ:TCPC) issued its earnings results on Thursday, May, 8th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The investment management company earned $55.89 million during the quarter, compared to the consensus estimate of $57.95 million. Blackrock Tcp Capital had a positive trailing twelve-month return on equity of 15.51% and a negative net margin of 18.22%.
Read the conference call transcript.

How do I buy shares of Blackrock Tcp Capital?

Shares of TCPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Blackrock Tcp Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackrock Tcp Capital investors own include AT&T (T), Rithm Capital (RITM), Ares Capital (ARCC), Energy Transfer (ET), Verizon Communications (VZ), Enterprise Products Partners (EPD) and Kinder Morgan (KMI).

Company Calendar

• Last Earnings: 5/08/2025
• Record date for 6/30 Dividend: 6/16/2025
• Ex-Dividend for 6/30 Dividend: 6/16/2025
• Dividend Payable: 6/30/2025
• Today: 7/05/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - SBIC&COMMRL
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:TCPC
• CIK: 1370755
• Web: www.tcpcapital.com
• Phone: (310) 566-1000
• Fax: 310-899-4950
• Employees: 21,100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.50
• Low Stock Price Target: $6.50
• Potential Upside/Downside: -10.3%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.58)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 4.73
• P/E Growth: N/A
• Net Income: -$63.14 million
• Net Margins: -18.22%
• Pretax Margin: 52.47%
• Return on Equity: 15.51%
• Return on Assets: 6.34%

Debt

• Debt-to-Equity Ratio: 1.41
• Current Ratio: 34.00
• Quick Ratio: 34.00

Sales & Book Value

• Annual Sales: $259.44 million
• Price / Sales: 2.56
• Cash Flow: $2.71 per share
• Price / Cash Flow: 2.88
• Book Value: $9.17 per share
• Price / Book: 0.85

Miscellaneous

• Outstanding Shares: 85,040,000
• Free Float: 84,859,000
• Market Cap: $663.31 million
• Optionable: Optionable
• Beta: 1.02