BlackRock TCP Capital announces Q3 earnings per share of 32 cents, surpassing consensus estimate of 30 cents.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Q3 NAV Performance: BlackRock TCP Capital Corp reported a Q3 NAV per share of $8.71, indicating progress in their strategic priorities for the year.
Improvement in Non-Accruals: Non-accruals decreased to 3.5% of the portfolio's fair market value, down from 3.7% in the previous quarter and 5.6% at the end of 2024.
Portfolio Diversification: The company has reduced the average position size in its portfolio to $7.8 million in new investments, compared to $11.7 million at the end of 2024, enhancing diversification and lowering risk.
Leadership Statement: Phil Tseng, Chairman and CEO, expressed encouragement regarding the company's progress in resolving challenged credits and improving portfolio quality.
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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: 5.150
Low
5.50
Averages
6.25
High
7.00
Current: 5.150
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 Corp Faces Securities Law Investigation
- Net Asset Value Decline: On January 23, 2026, BlackRock disclosed a 19% drop in its net asset value for Q4 2025, primarily due to issuer-specific developments during the quarter, raising significant investor concerns.
- Stock Price Plunge: Following this announcement, BlackRock's stock price fell by $0.76, or 12.97%, closing at $5.10 per share on January 26, 2026, resulting in substantial losses for investors.
- Legal Investigation Initiated: The Law Offices of Howard G. Smith announced an investigation into BlackRock to assess potential violations of federal securities laws, potentially providing legal support for affected investors.
- Investor Rights Advocacy: The law firm is urging all investors who suffered losses in BlackRock to contact them to explore potential legal avenues for recovery, demonstrating a commitment to protecting investor rights.
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Investigation Announced for BlackRock TCP Capital Corp. Investors
- Investigation Launched: The Law Offices of Howard G. Smith have announced an investigation into BlackRock TCP Capital Corp. regarding potential violations of federal securities laws, aiming to protect investor rights and recover losses.
- Net Asset Value Decline: On January 23, 2026, BlackRock disclosed a 19% drop in its net asset value for Q4 2025, primarily due to issuer-specific developments during the quarter, raising investor concerns about the company's outlook.
- Stock Price Plunge: Following this news, BlackRock's stock fell by $0.76, or 12.97%, closing at $5.10 per share on January 26, 2026, which directly impacted the value of investors' holdings.
- Legal Consultation Opportunity: The law firm is urging investors who purchased BlackRock securities to contact them to learn about their legal rights to pursue claims for recovery, demonstrating a commitment to supporting investor interests.
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