BlackRock TCP (TCPC) Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
0mins
Should l Buy TCPC?
Source: NASDAQ.COM
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Analyst Views on TCPC
Wall Street analysts forecast TCPC stock price to rise
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 3.800
Low
5.50
Averages
6.25
High
7.00
Current: 3.800
Low
5.50
Averages
6.25
High
7.00
About TCPC
BlackRock TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests primarily in the debt of middle-market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Such investments may include an equity component, and, to a lesser extent, it may make equity investments directly. It invests in various industries, including automobiles, Internet software and service, software, diversified financial services, diversified consumer services, health care technology, healthcare providers and services, media, construction and engineering, and real estate management and development, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BlackRock TCP Capital Faces Class Action Lawsuit
- Investor Loss Alert: BlackRock TCP Capital disclosed in its 2024 fiscal year report that the number of portfolio companies in non-accrual status more than doubled, leading to a 289% increase in non-accrual debt investments at cost, indicating a significant deterioration in the company's financial health and exposing investors to substantial loss risks.
- Declining Net Asset Value: The company reported a 22.44% drop in net asset value (NAV) per share to $9.23 for 2024, with the NAV further declining to a range of $7.05 to $7.09 for Q4 2025, representing a 23.4% decrease year-over-year, severely undermining investor confidence.
- Lawsuit Allegations of Misrepresentation: The class action lawsuit alleges that BlackRock TCP failed to timely disclose the true valuation of investments and the ineffectiveness of restructuring efforts, leading to investor misconceptions about the company's prospects and potential legal liabilities.
- Stock Price Volatility: Following the financial results announcements on February 27, 2025, and January 26, 2026, BlackRock TCP's stock price fell by 9.64% and 12.97%, respectively, reflecting strong market concerns regarding the company's financial stability, which could impact future financing capabilities.
See More
Notice to Shareholders of BlackRock TCP Capital Corp. Regarding Class Action
- Lawsuit Background: The Gross Law Firm has issued a notice to shareholders of BlackRock TCP Capital Corp. (NASDAQ: TCPC), encouraging those who purchased shares during the class period from November 6, 2024, to January 23, 2026, to contact the firm regarding potential lead plaintiff appointment, indicating legal challenges facing the company.
- Allegations Details: The complaint alleges that during the class period, defendants made materially false and/or misleading statements and failed to timely and appropriately value the company's investments, resulting in understated unrealized losses and overstated net asset value, which misled investors.
- Participation Requirements: Shareholders must register by April 6, 2026, to participate in the class action, and upon registration, they will be enrolled in portfolio monitoring software to receive status updates throughout the lifecycle of the case, ensuring transparency for investors.
- Law Firm Advantages: The Gross Law Firm is a nationally recognized class action law firm committed to protecting investor rights and ensuring companies adhere to responsible business practices, helping investors who suffered losses due to false statements seek recovery.
See More
Class Action Alerts for BlackRock and Plug Power Investors
- Litigation Timeline: A class action lawsuit against BlackRock TCP Capital Corp. was initiated on January 23, 2026, with investors needing to apply as lead plaintiffs by April 6, 2026, alleging the company failed to disclose timely investment valuations and net asset values, resulting in significant shareholder losses.
- Net Asset Value Decline: On January 23, 2026, BlackRock TCP disclosed a 19% decline in the net asset value of its private corporate loans, which directly caused its stock price to drop 12.97% to $5.10 per share on January 26, 2026, reflecting market concerns about the company's financial health.
- Executive Changes at Plug Power: Plug Power announced the abrupt resignations of CEO Andrew Marsh and President Sanjay Shrestha on October 7, 2025, creating significant uncertainty just before the expected financial report, leading to a 6.29% drop in stock price to $3.87 per share on the same day.
- Project Suspension Impact: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, jeopardizing a $1.66 billion DOE loan, which resulted in a 17.58% stock price decline over the following trading sessions, closing at $2.25 per share, indicating a major strategic pivot for the company.
See More
Reminder for BlackRock TCP Capital Corp. Class Action Lawsuit
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP's management failed to timely and appropriately value investments, resulting in investors not receiving an accurate net asset value (NAV), and that positive statements about the company's business were materially misleading, causing investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its expertise and success in this field.
- Investor Selection Advice: Investors are advised to carefully choose law firms with proven success in leadership roles, avoiding those that merely act as intermediaries, to ensure they receive the best legal support and potential compensation in the class action.
See More
Reminder of Class Action for BlackRock TCP Capital Corp. Investors
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, or risk losing their compensation rights in the class action.
- Fee Structure: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages more affected investors to seek compensation.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP Capital Corp. made materially false and misleading statements regarding its business and operations, failing to disclose the true value of its investments, which has resulted in investor losses, highlighting serious governance and transparency issues within the company.
- Law Firm Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and influence in handling such cases effectively.
See More
Class Action Lawsuits Filed for Multiple Companies
- Class Action Reminder: The Law Offices of Frank R. Cruz remind investors of class action lawsuits filed against BlackRock TCP Capital Corp., Oracle Corporation, Paysafe Limited, and Inovio Pharmaceuticals, urging investors to file lead plaintiff motions by the specified deadlines to protect their rights.
- BlackRock TCP Details: The lawsuit alleges that from November 2024 to January 2026, BlackRock failed to timely and appropriately value its investments, resulting in an overstated net asset value and exposing investors to potential losses.
- Oracle Lawsuit Impact: In the lawsuit covering June to December 2025, Oracle is accused of failing to disclose that its AI infrastructure strategy would lead to significant capital expenditure increases, raising concerns about its debt and credit rating, which could negatively affect investor confidence.
- Paysafe and Inovio Lawsuits: Paysafe's lawsuit highlights significant exposure to a single high-risk client, potentially hindering revenue growth, while Inovio faces challenges in submitting a critical drug application on time due to manufacturing deficiencies, both of which could undermine investor trust.
See More
BlackRock TCP Capital Faces Class Action Lawsuit
- Investor Loss Alert: BlackRock TCP Capital disclosed in its 2024 fiscal year report that the number of portfolio companies in non-accrual status more than doubled, leading to a 289% increase in non-accrual debt investments at cost, indicating a significant deterioration in the company's financial health and exposing investors to substantial loss risks.
- Declining Net Asset Value: The company reported a 22.44% drop in net asset value (NAV) per share to $9.23 for 2024, with the NAV further declining to a range of $7.05 to $7.09 for Q4 2025, representing a 23.4% decrease year-over-year, severely undermining investor confidence.
- Lawsuit Allegations of Misrepresentation: The class action lawsuit alleges that BlackRock TCP failed to timely disclose the true valuation of investments and the ineffectiveness of restructuring efforts, leading to investor misconceptions about the company's prospects and potential legal liabilities.
- Stock Price Volatility: Following the financial results announcements on February 27, 2025, and January 26, 2026, BlackRock TCP's stock price fell by 9.64% and 12.97%, respectively, reflecting strong market concerns regarding the company's financial stability, which could impact future financing capabilities.
See More
Notice to Shareholders of BlackRock TCP Capital Corp. Regarding Class Action
- Lawsuit Background: The Gross Law Firm has issued a notice to shareholders of BlackRock TCP Capital Corp. (NASDAQ: TCPC), encouraging those who purchased shares during the class period from November 6, 2024, to January 23, 2026, to contact the firm regarding potential lead plaintiff appointment, indicating legal challenges facing the company.
- Allegations Details: The complaint alleges that during the class period, defendants made materially false and/or misleading statements and failed to timely and appropriately value the company's investments, resulting in understated unrealized losses and overstated net asset value, which misled investors.
- Participation Requirements: Shareholders must register by April 6, 2026, to participate in the class action, and upon registration, they will be enrolled in portfolio monitoring software to receive status updates throughout the lifecycle of the case, ensuring transparency for investors.
- Law Firm Advantages: The Gross Law Firm is a nationally recognized class action law firm committed to protecting investor rights and ensuring companies adhere to responsible business practices, helping investors who suffered losses due to false statements seek recovery.
See More
Class Action Alerts for BlackRock and Plug Power Investors
- Litigation Timeline: A class action lawsuit against BlackRock TCP Capital Corp. was initiated on January 23, 2026, with investors needing to apply as lead plaintiffs by April 6, 2026, alleging the company failed to disclose timely investment valuations and net asset values, resulting in significant shareholder losses.
- Net Asset Value Decline: On January 23, 2026, BlackRock TCP disclosed a 19% decline in the net asset value of its private corporate loans, which directly caused its stock price to drop 12.97% to $5.10 per share on January 26, 2026, reflecting market concerns about the company's financial health.
- Executive Changes at Plug Power: Plug Power announced the abrupt resignations of CEO Andrew Marsh and President Sanjay Shrestha on October 7, 2025, creating significant uncertainty just before the expected financial report, leading to a 6.29% drop in stock price to $3.87 per share on the same day.
- Project Suspension Impact: On November 13, 2025, Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, jeopardizing a $1.66 billion DOE loan, which resulted in a 17.58% stock price decline over the following trading sessions, closing at $2.25 per share, indicating a major strategic pivot for the company.
See More
Reminder for BlackRock TCP Capital Corp. Class Action Lawsuit
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP's management failed to timely and appropriately value investments, resulting in investors not receiving an accurate net asset value (NAV), and that positive statements about the company's business were materially misleading, causing investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its expertise and success in this field.
- Investor Selection Advice: Investors are advised to carefully choose law firms with proven success in leadership roles, avoiding those that merely act as intermediaries, to ensure they receive the best legal support and potential compensation in the class action.
See More
Reminder of Class Action for BlackRock TCP Capital Corp. Investors
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, or risk losing their compensation rights in the class action.
- Fee Structure: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages more affected investors to seek compensation.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP Capital Corp. made materially false and misleading statements regarding its business and operations, failing to disclose the true value of its investments, which has resulted in investor losses, highlighting serious governance and transparency issues within the company.
- Law Firm Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and influence in handling such cases effectively.
See More
Class Action Lawsuits Filed for Multiple Companies
- Class Action Reminder: The Law Offices of Frank R. Cruz remind investors of class action lawsuits filed against BlackRock TCP Capital Corp., Oracle Corporation, Paysafe Limited, and Inovio Pharmaceuticals, urging investors to file lead plaintiff motions by the specified deadlines to protect their rights.
- BlackRock TCP Details: The lawsuit alleges that from November 2024 to January 2026, BlackRock failed to timely and appropriately value its investments, resulting in an overstated net asset value and exposing investors to potential losses.
- Oracle Lawsuit Impact: In the lawsuit covering June to December 2025, Oracle is accused of failing to disclose that its AI infrastructure strategy would lead to significant capital expenditure increases, raising concerns about its debt and credit rating, which could negatively affect investor confidence.
- Paysafe and Inovio Lawsuits: Paysafe's lawsuit highlights significant exposure to a single high-risk client, potentially hindering revenue growth, while Inovio faces challenges in submitting a critical drug application on time due to manufacturing deficiencies, both of which could undermine investor trust.
See More
