Class Action Reminder for BlackRock TCP Capital Corp. Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Should l Buy TCPC?
Source: PRnewswire
- Lawsuit Background: Robbins LLP reminds all investors who purchased BlackRock TCP Capital Corp. (NASDAQ:TCPC) securities between November 6, 2024, and January 23, 2026, that a class action has been filed, alleging the company misled investors by failing to disclose the true value of its portfolio, resulting in investor deception.
- Financial Misrepresentation: The complaint states that BlackRock TCP's investments were not timely and appropriately valued, leading to understated unrealized losses and overstated net asset value (NAV), which misled investors regarding the company's prospects.
- Stock Price Reaction: Following the disclosure of the 2025 fourth quarter and full year financial results on January 23, 2026, the stock price fell by $0.76, or 12.97%, closing at $5.10 per share, reflecting market concerns about the company's financial health.
- Next Steps: Shareholders wishing to serve as lead plaintiffs in the class action must file their papers with the court by April 6, 2026, indicating a need for stronger corporate governance and protection of shareholder rights.
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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: 5.090
Low
5.50
Averages
6.25
High
7.00
Current: 5.090
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.
- Lawsuit Background: Robbins LLP reminds all investors who purchased BlackRock TCP Capital Corp. (NASDAQ:TCPC) securities between November 6, 2024, and January 23, 2026, that a class action has been filed, alleging the company misled investors by failing to disclose the true value of its portfolio, resulting in investor deception.
- Financial Misrepresentation: The complaint states that BlackRock TCP's investments were not timely and appropriately valued, leading to understated unrealized losses and overstated net asset value (NAV), which misled investors regarding the company's prospects.
- Stock Price Reaction: Following the disclosure of the 2025 fourth quarter and full year financial results on January 23, 2026, the stock price fell by $0.76, or 12.97%, closing at $5.10 per share, reflecting market concerns about the company's financial health.
- Next Steps: Shareholders wishing to serve as lead plaintiffs in the class action must file their papers with the court by April 6, 2026, indicating a need for stronger corporate governance and protection of shareholder rights.
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- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against BlackRock TCP Capital Corp. and certain officers, aiming to recover damages for investors who purchased securities between November 6, 2024, and January 23, 2026, highlighting significant investor concerns regarding corporate transparency and compliance.
- Allegations of Misrepresentation: The complaint alleges that throughout the class period, defendants made false and misleading statements and failed to timely and appropriately value the company's investments, resulting in understated unrealized losses and inflated net asset value (NAV), which could severely undermine investor confidence.
- Investor Rights Protection: Investors are encouraged to apply to be lead plaintiffs by April 6, 2026, to share in any potential recovery from the lawsuit, demonstrating the legal team's commitment to safeguarding investor rights and interests.
- Transparent Legal Fees: The law firm operates on a contingency fee basis, meaning they will only charge fees if they successfully recover funds, thereby reducing financial risk for investors and enhancing their willingness to participate in the lawsuit.
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- Class Action Filed: Robbins LLP has initiated a class action on behalf of investors who purchased BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024, and January 23, 2026, alleging that the company failed to disclose timely and accurate valuations of its investments, leading to investor losses.
- Misleading Financial Data: The complaint reveals that BlackRock TCP disclosed a net asset value (NAV) per share of $7.05 to $7.09 for Q4 2025, which is 19% lower than the previous quarter and 23.4% lower than the prior year, indicating that the company's financial health was significantly overstated.
- Stock Price Volatility: Following the release of the revised financial data on January 26, 2026, BlackRock TCP's stock price fell by $0.76, or 12.97%, closing at $5.10 per share, reflecting the market's strong reaction to the company's lack of financial transparency.
- Investor Rights Protection: Robbins LLP advises investors wishing to serve as lead plaintiffs in the class action to file their papers by April 6, 2026, highlighting serious governance and transparency issues within the company that investors should actively address to protect their rights.
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- Lawsuit Background: A class action lawsuit has been filed in the Central District of California on behalf of all investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, alleging failures in timely disclosures regarding investment valuations and restructuring efforts.
- Investor Losses: The complaint highlights that on February 27, 2025, BlackRock revealed that the number of portfolio companies on non-accrual status had more than doubled, resulting in a more than 22% year-over-year decline in the company's net asset value (NAV) to $9.23 per share.
- Information Asymmetry: Despite the NAV decline, BlackRock maintained that its NAV was accurate at $9.23 per share and claimed that the majority of its portfolio continued to perform well, raising concerns among investors about the company's transparency.
- Stock Price Reaction: Following the announcement of the lawsuit, BlackRock's stock price fell by 9.6%, reflecting market concerns over the company's financial health and a pessimistic outlook on its future performance.
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- Legal Investigation Launched: Faruq & Faruq LLP is investigating BlackRock TCP Capital Corp. and reminds investors of the April 6, 2026 deadline to seek lead plaintiff status in a federal securities class action, indicating significant legal risks facing the company.
- Deteriorating Financial Condition: In fiscal year 2024, BlackRock TCP's portfolio significantly weakened, with the number of portfolio companies on non-accrual status doubling, leading to a 289% increase in non-accrual debt investments at cost, reflecting major missteps in asset valuation and portfolio restructuring that could undermine future investor confidence.
- Declining Net Asset Value: The company reported a 22.44% year-over-year decline in net asset value (NAV) to $9.23 per share, with total losses ballooning to $194.9 million, a 186% increase from the previous year, raising serious questions about the company's financial health among investors.
- Stock Price Volatility: Following the financial results announcement, BlackRock TCP's stock price fell 9.64% to $8.44 per share on February 27, 2025, and subsequently dropped 12.97% to $5.10 per share on January 26, 2026, indicating severe market concerns regarding the company's financial transparency.
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- Class Action Initiation: Robbins Geller Rudman & Dowd LLP announces that investors who purchased BlackRock TCP securities between November 6, 2024, and January 23, 2026, have until April 6, 2026, to seek lead plaintiff status in the class action lawsuit, indicating significant investor concern over the company's financial transparency.
- Declining NAV: The lawsuit alleges that BlackRock TCP revealed its net asset value (NAV) dropped from $11.90 in 2024 to $9.23 in February 2025, a decline of over 22%, highlighting major missteps in investment valuation and asset management that could further erode investor confidence.
- Increased Stock Volatility: Following the February 2025 announcement, BlackRock TCP's stock price fell by 9.6%, and on January 23, 2026, it disclosed an NAV range of $7.05 to $7.09, down 23.4% year-over-year, suggesting heightened market concerns regarding the company's financial health and potential impacts on future financing capabilities.
- Legal Process Overview: Under the Private Securities Litigation Reform Act of 1995, any investor who purchased BlackRock TCP securities during the class period can apply to be the lead plaintiff, representing other investors in the lawsuit, a mechanism designed to protect investor rights and enhance litigation efficiency.
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