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TCPC Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
4.350
Open
4.350
VWAP
4.24
Vol
1.04M
Mkt Cap
367.24M
Low
4.165
Amount
4.41M
EV/EBITDA(TTM)
--
Total Shares
84.23M
EV
1.20B
EV/OCF(TTM)
4.59
P/S(TTM)
99.70
BlackRock TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. 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 services, 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. Tennenbaum Capital Partners, LLC is the Advisor of the Company.
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Events Timeline

(ET)
2026-05-07
08:20:00
Company Reports Q1 NAV Decline to $6.72 per Share
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2026-02-27 (ET)
2026-02-27
08:20:00
Company Reports Q4 NAV per Share at $7.07
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2026-01-26 (ET)
2026-01-26
16:30:00
Major Averages Close Broadly Higher as Investors Brace for Earnings Reports
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2026-01-26
12:11:00
Major Averages Rebound, Nasdaq Up 0.67%
select
2026-01-26
09:00:00
U.S. Stock Futures Modestly Lower Amid Geopolitical Uncertainty
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2026-01-26
08:00:00
Company Sees Q4 NAV per Share Between $7.05 and $7.09
select

News

Newsfilter
9.5
05-07Newsfilter
PinnedBlackRock Cuts Valuation of Private Credit Fund
  • Net Asset Value Decline: BlackRock TCP Capital Corp's net asset value per share fell approximately 5% to $6.72 in Q1, reflecting increased investor scrutiny of private credit funds amid AI threats to software business models.
  • Improved Non-Accrual Rate: The fund's non-accrual rate decreased from 4% to 2.8%, indicating some portfolio improvement, although it still faced significant challenges with net realized losses of $32.7 million, highlighting ongoing risks.
  • Investment Loss Disclosure: The fund reported $2 million in net unrealized losses primarily due to loans to troubled software firm Pluralsight, underscoring the concentration of risk within a few portfolio companies.
  • Share Buyback Program: Since April 1, BlackRock TCP has repurchased over 156,000 shares at a total cost of $600,000, demonstrating the company's confidence in its stock despite the pressures of declining net asset value.
seekingalpha
9.5
05-07seekingalpha
BlackRock TCP Capital Corp. Q1 2026 Earnings Call Insights
  • Credit Quality Improvement: BlackRock TCP Capital Corp. reported a decline in nonaccruals to 2.8% in Q1 2026 from 4% in the previous quarter, indicating significant progress in enhancing the credit quality of its investment portfolio, which boosts investor confidence.
  • Leverage Reduction: The net leverage ratio decreased to 1.29x at quarter-end, approaching the target range of 0.9 to 1.2x, demonstrating effective balance sheet management that aids in future capital deployment and risk control.
  • Stable Investment Income: Total investment income for the first quarter was $42.6 million, or $0.51 per share, despite facing $32.7 million in net realized losses, showcasing the company's resilience in income generation, which supports ongoing dividend payments.
  • Dividend and Buyback Plans: The Board declared a second-quarter dividend of $0.17 per share and reapproved a stock repurchase plan of up to $50 million, reflecting the company's confidence in future cash flows and commitment to shareholders.
seekingalpha
9.5
05-06seekingalpha
BlackRock TCP Capital Set to Announce Q1 Earnings
  • Earnings Announcement: BlackRock TCP Capital is set to release its Q1 2023 earnings on May 7 before market open, with consensus EPS estimate at $0.20, reflecting a 44.4% year-over-year decline, and revenue estimate at $40.1 million, down 28.3% year-over-year, indicating significant profitability challenges ahead.
  • Earnings Performance History: Over the past two years, TCP Capital has only beaten EPS estimates 38% of the time and revenue estimates 25% of the time, highlighting instability in its earnings performance and market caution regarding its future outlook.
  • Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS or revenue estimates, with four downward revisions each, suggesting a weakening market confidence in the company's future performance, which may influence investor decisions.
  • Portfolio Repositioning Signals: Amid a decline in net asset value, TCP Capital signals a portfolio repositioning with 87.4% of loans being first lien, indicating strategic adjustments in risk management and capital allocation to navigate current market challenges.
Globenewswire
7.0
04-06Globenewswire
Class Action Lawsuits Filed for Multiple Companies
  • Class Action Notification: 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 legal rights.
  • BlackRock TCP Lawsuit Details: The lawsuit alleges that from November 2024 to January 2026, BlackRock failed to timely and appropriately value its investments, resulting in overstated net asset value and investor losses, with a lead plaintiff deadline of April 6, 2026.
  • Oracle Lawsuit Issues: In the class action from June to December 2025, Oracle is accused of failing to disclose that its AI infrastructure strategy would lead to significant capital expenditure increases without corresponding revenue growth, with investors suffering losses exceeding $50,000, also with a lead plaintiff deadline of April 6, 2026.
  • Paysafe and Inovio Lawsuit Overview: Paysafe's lawsuit highlights significant exposure to high-risk clients potentially impacting revenue growth, while Inovio faces challenges in timely FDA submissions due to manufacturing deficiencies, with lead plaintiff deadlines for both set for April 7, 2026.
Globenewswire
7.0
04-05Globenewswire
Class Action Notice for BlackRock TCP Capital Corp. Investors
  • Class Action Initiation: 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 potentially receive compensation without any out-of-pocket costs.
  • Lawsuit Allegations Overview: The lawsuit alleges that BlackRock TCP's management failed to timely and appropriately value investments, leading to investors being unaware of overstated net asset values and undisclosed adverse facts, resulting in investor losses.
  • Law Firm Background: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and achieved the largest securities class action settlement against a Chinese company in 2017, demonstrating its strong capabilities in this field.
  • Investor Action Recommendations: Investors can visit Rosen Law Firm's website or call toll-free for more information, emphasizing the importance of selecting qualified legal counsel to ensure effective representation in the lawsuit and avoid inexperienced intermediaries.
PRnewswire
7.0
04-04PRnewswire
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, to potentially receive compensation without any out-of-pocket costs.
  • Lawsuit Background: The lawsuit alleges that BlackRock TCP's management failed to timely and appropriately value investments, leading to understated unrealized losses and overstated net asset value, which rendered positive statements about the company's business misleading and lacking a reasonable basis.
  • 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, demonstrating its expertise and success in this field.
  • Investor Action Advice: Investors can visit Rosen Law Firm's website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to ensure effective representation in the lawsuit and avoid inexperienced intermediary firms.
Wall Street analysts forecast TCPC stock price to rise
2 Analyst Rating
Wall Street analysts forecast TCPC stock price to rise
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 0.000
sliders
Low
5.50
Averages
6.25
High
7.00
Current: 0.000
sliders
Low
5.50
Averages
6.25
High
7.00
Keefe Bruyette
Market Perform -> Underperform
downgrade
$7
AI Analysis
2026-03-03
Reason
Keefe Bruyette
Price Target
$7
AI Analysis
2026-03-03
downgrade
Market Perform -> Underperform
Reason
Keefe Bruyette downgraded BlackRock TCP Capital to Underperform from Market Perform with a price target of $3.50, down from $7. The company reported a "very poor quarter," the analyst tells investors in a research note. The firm says BlackRock TCP significantly wrote down several investments which reduced net asset value by 19%. Keefe expects these issues to continue to weigh on the company's book value.
Wells Fargo
Finian P. O'Shea
Underweight
downgrade
$6
2025-11-10
Reason
Wells Fargo
Finian P. O'Shea
Price Target
$6
2025-11-10
downgrade
Underweight
Reason
Wells Fargo analyst Finian P. O'Shea lowered the firm's price target on BlackRock TCP Capital to $5.50 from $6 and keeps an Underweight rating on the shares following quarterly results. The firm says a post-quarter write-off of Renovo highlights the risk of restructured credits.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for TCPC
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Valuation Metrics

The current forward P/E ratio for BlackRock TCP Capital Corp (TCPC.O) is 5.23, compared to its 5-year average forward P/E of 7.09. For a more detailed relative valuation and DCF analysis to assess BlackRock TCP Capital Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
7.09
Current PE
5.23
Overvalued PE
9.33
Undervalued PE
4.85

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.46
Current EV/EBITDA
23.07
Overvalued EV/EBITDA
3.62
Undervalued EV/EBITDA
-2.69

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.32
Current PS
2.73
Overvalued PS
4.23
Undervalued PS
2.41

Financials

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Frequently Asked Questions

What is BlackRock TCP Capital Corp (TCPC) stock price today?

The current price of TCPC is 4.19 USD — it has decreased -3.9

What is BlackRock TCP Capital Corp (TCPC)'s business?

BlackRock TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. 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 services, 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. Tennenbaum Capital Partners, LLC is the Advisor of the Company.

What is the price predicton of TCPC Stock?

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 is6.25 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.

What is BlackRock TCP Capital Corp (TCPC)'s revenue for the last quarter?

BlackRock TCP Capital Corp revenue for the last quarter amounts to -2.05M USD, decreased -104.59

What is BlackRock TCP Capital Corp (TCPC)'s earnings per share (EPS) for the last quarter?

BlackRock TCP Capital Corp. EPS for the last quarter amounts to -0.19 USD, decreased -176.00

How many employees does BlackRock TCP Capital Corp (TCPC). have?

BlackRock TCP Capital Corp (TCPC) has 0 emplpoyees as of May 09 2026.

What is BlackRock TCP Capital Corp (TCPC) market cap?

Today TCPC has the market capitalization of 367.24M USD.