BlackRock TCP Capital Reports Significant NAV Decline in Q4
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Source: Yahoo Finance
- NAV Forecast: As of December 31, 2025, the company's net asset value per share is projected to be between $7.05 and $7.09, reflecting a significant decline of approximately 19% from $8.71 as of September 30, 2025, primarily due to issuer-specific developments.
- Investment Income Outlook: The anticipated net investment income per share for Q4 2025 is expected to range from 24 cents to 26 cents, including about 10.9% from payment-in-kind income, indicating a diverse income structure.
- Debt Investment Status: By December 31, 2025, debt investments on non-accrual status will represent approximately 4% of the company's portfolio at fair value and about 9.6% at cost, up from 3.5% and 7.0% respectively as of September 30, 2025, highlighting increased credit risk.
- Market Impact: The significant decline in NAV may undermine market confidence in the company, prompting investors to closely monitor future financial performance and management's strategic responses.
Analyst Views on TCPC
Wall Street analysts forecast TCPC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TCPC is 6.25 USD with a low forecast of 5.50 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 5.100
Low
5.50
Averages
6.25
High
7.00
Current: 5.100
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.
