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

Company Overview

BlackRock TCP Capital Corp is a publicly traded business development company (BDC) listed on the NASDAQ under the ticker TCPC. Externally managed by BlackRock, the firm provides customized financing solutions to U.S. middle-market companies, with a focus on sponsor-backed transactions. Its core strategy centers on delivering current income and capital appreciation through a diversified portfolio of debt and equity investments across a variety of sectors, including consumer products, healthcare, business services and industrials.

Since its initial public offering in 2013, BlackRock TCP Capital has partnered with private equity sponsors to underwrite and structure senior secured first-lien loans, second-lien loans, mezzanine debt and select equity co-investments. The company’s emphasis on senior secured instruments offers structural protections and collateral coverage, while its flexibility to invest in subordinated debt and equity helps enhance overall portfolio yield and diversification.

As part of the BlackRock platform, BlackRock TCP Capital benefits from the parent firm’s extensive credit research, risk-management capabilities and global network. The dedicated middle-market credit team leverages BlackRock’s analytical tools, proprietary market insights and transaction experience to source opportunities, conduct due diligence and monitor portfolio performance. This partnership enables the BDC to maintain rigorous underwriting standards and disciplined portfolio management.

Governance is overseen by a board of directors that includes independent members with deep experience in private credit and corporate finance. Day-to-day investment decisions are executed by BlackRock’s specialized credit professionals, ensuring alignment between shareholders and management. Through this structure, BlackRock TCP Capital seeks to offer investors access to a segment of the fixed-income market that combines the income potential of private credit with the liquidity of a publicly traded vehicle.

Key Stats

• Today's Range: $7.19 to $7.26
• 50-Day Range: $6.94 to $7.90
• 52-Week Range: $6.27 to $9.72
• Volume: 522,252 shs
• Average Volume: 426,687 shs
• Market Capitalization: $615.69 million
• P/E Ratio: N/A
• Dividend Yield: 13.81%
• Price Target: $6.75
• Consensus Rating: Reduce

Blackrock Tcp Capital Stock Analysis - MarketRank™

Blackrock Tcp Capital scored higher than 13% of companies evaluated by MarketBeat, and ranked 894th out of 925 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: 1.0 / 5
• Analyst Rating: Reduce

Consensus Rating

Blackrock Tcp Capital has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.

Downside Risk

Blackrock Tcp Capital has a consensus price target of $6.75, representing about 6.8% downside from its current price of $7.24.

Amount of Analyst Coverage

Blackrock Tcp Capital has only been the subject of 1 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 -42.59, 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 -42.59, 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 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.90% of the outstanding shares of Blackrock Tcp Capital have been sold short.

Short Interest Ratio / Days to Cover

Blackrock Tcp Capital has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Blackrock Tcp Capital has recently increased by 17.06%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Blackrock Tcp Capital is a leading dividend payer. It pays a dividend yield of 13.93%, 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

2.90% of the outstanding shares of Blackrock Tcp Capital have been sold short.

Short Interest Ratio / Days to Cover

Blackrock Tcp Capital has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Blackrock Tcp Capital has recently increased by 17.06%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.15

News Sentiment

Blackrock Tcp Capital has a news sentiment score of 0.15. 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 0.96 average news sentiment score of Finance companies.

News Coverage This Week

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

Search Interest

Only 5 people have searched for TCPC on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

3 people have added Blackrock Tcp Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 start of the year. Since then, TCPC shares have decreased by 16.9% and is now trading at $7.24.

How were Blackrock Tcp Capital's earnings last quarter?

Blackrock Tcp Capital Corp. (NASDAQ:TCPC) announced its earnings results on Thursday, August, 7th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.02. The investment management company had revenue of $51.47 million for the quarter, compared to analyst estimates of $56.16 million. Blackrock Tcp Capital had a positive trailing twelve-month return on equity of 15.12% and a negative net margin of 4.98%.
Read the conference call transcript.

Who are Blackrock Tcp Capital's major shareholders?

Blackrock Tcp Capital's top institutional investors include Invesco Ltd. (1.67%), Transcend Capital Advisors LLC (1.57%), Next Capital Management LLC (1.33%) and Marshall Wace LLP (0.62%). Insiders that own company stock include Rajneesh Vig, Eric John Draut, Philip M Tseng, Jason Mehring and Patrick Wolfe.
View institutional ownership trends.

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

• Record date for 6/30 Dividend: 6/16/2025
• Ex-Dividend for 6/30 Dividend: 6/16/2025
• Dividend Payable: 6/30/2025
• Last Earnings: 8/07/2025
• Today: 9/06/2025
• Record date for 9/30 Dividend: 9/16/2025
• Ex-Dividend for 9/30 Dividend: 9/16/2025
• Dividend Payable: 9/30/2025
• Next Earnings (Estimated): 11/05/2025
• 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 Price Target for Blackrock Tcp Capital: $6.75
• High Price Target: $7.50
• Low Price Target: $6.00
• Potential Upside/Downside: -6.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 4.39
• P/E Growth: N/A
• Net Income: -$63.14 million
• Net Margins: -4.98%
• Pretax Margin: 53.43%
• Return on Equity: 15.12%
• Return on Assets: 6.14%

Debt

• Debt-to-Equity Ratio: 1.59
• Current Ratio: 14.06
• Quick Ratio: 14.07

Sales & Book Value

• Annual Sales: $259.44 million
• Price / Sales: 2.37
• Cash Flow: $2.74 per share
• Price / Cash Flow: 2.64
• Book Value: $9.17 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 85,040,000
• Free Float: 84,857,000
• Market Cap: $615.69 million
• Optionable: Optionable
• Beta: 1.04