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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
3.875
Open
3.740
VWAP
3.82
Vol
986.24K
Mkt Cap
314.64M
Low
3.723
Amount
3.76M
EV/EBITDA(TTM)
--
Total Shares
83.90M
EV
1.15B
EV/OCF(TTM)
4.39
P/S(TTM)
--
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%
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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

stocktwits
7.0
05-16stocktwits
BlackRock Under Investigation for Valuation Practices Amidst Regulatory Scrutiny
  • Investigation Escalation: The U.S. Department of Justice is probing BlackRock TCP Capital's valuation practices, focusing on how illiquid investments are assessed, with net asset value per share expected to drop to $6.76 by 2026, a 4.4% decline from last year.
  • Increased Regulatory Pressure: As scrutiny on private markets intensifies, BlackRock's internal valuation models face criticism, potentially leading to increased management fee risks, which could undermine investor confidence and the company's reputation.
  • Strong Financial Performance: Despite the ongoing investigation, BlackRock reported a diluted earnings per share of $14.06 for Q1 2026, a 45.1% increase from $9.64 in the same quarter last year, indicating robust financial performance and market demand.
  • Cautious Market Sentiment: Although BlackRock's stock has gained 1% year-to-date, retail investor sentiment remains “bearish,” reflecting concerns over future performance and regulatory outcomes.
Newsfilter
8.5
05-15Newsfilter
Ares Management Discloses New Investment Stakes
  • Portfolio Expansion: Ares Management disclosed new investments in its quarterly 13-F filing, including a $53.3 million stake in medical device manufacturer Integer Holdings, indicating a strategic move into the healthcare sector.
  • First-Time Investments: The firm also made initial investments in business development companies like BlackRock TCP Capital and Carlyle Secured Lending, further diversifying its portfolio and strengthening its influence in the small and mid-sized lending market.
  • Increased Holdings: Ares boosted its stakes in 17 other holdings, including Golub Capital BDC and Blue Owl Technology Finance, demonstrating ongoing confidence in the BDC sector despite pressures on lending standards.
  • Asset Liquidation: The only sale recorded by Ares was the liquidation of its stake in New Mountain Finance, which sold a $477 million asset portfolio in February, reflecting Ares's strategy to adjust its investment portfolio in response to market changes.
seekingalpha
7.0
05-15seekingalpha
BlackRock's Private Credit Fund Valuation Under Federal Scrutiny
  • Valuation Scrutiny: Federal prosecutors are investigating BlackRock's private credit fund valuation practices, particularly concerning BlackRock TCP Capital Corp, highlighting regulatory concerns over private asset valuations.
  • Executive Questioning: The U.S. Attorney's Office for the Southern District of New York has called BlackRock executives for questioning, indicating regulators' worries about the transparency and compliance of the company's internal valuation processes.
  • Asset Impairment Disclosure: In January, BlackRock disclosed writedowns on troubled portfolio investments, with expectations that net value per share would decrease by approximately 19% by the end of 2025, reflecting declining market confidence in asset quality.
  • Loan Value Reassessment: BlackRock wrote down the value of a private loan to zero just three months after valuing it at 100 cents on the dollar, demonstrating volatility in asset assessments and potential risk management issues.
Newsfilter
2.0
05-12Newsfilter
Private Credit Funds Mark Down Investment Values Significantly
  • Investment Value Write-Down: Filings from 14 major business development companies reveal that private credit funds' fair value-to-cost ratio fell by 103 basis points to 98.55% in Q1, highlighting increased market pressures, particularly as AI disrupts small business models.
  • Decline in Net Asset Values: BlackRock TCP Capital Corp's NAV dropped 4.95%, CION Investment Corp fell 4.72%, and Goldman Sachs BDC's NAV decreased by 3.72%, indicating a deteriorating overall market environment.
  • Increased Market Scrutiny: Analysts and rating agencies warn that weaker borrowers, rising non-accruals, and redemption pressures are testing the rapidly expanding private credit market, with Moody's downgrading the BDC sector outlook to negative.
  • Support Package Initiated: FS KKR Capital Corp plans a $300 million support package to address mounting losses and declining NAV, reflecting a cautious market sentiment towards private credit.
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.
Newsfilter
9.5
05-07Newsfilter
BlackRock 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.
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.
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Valuation Metrics

The current forward P/E ratio for BlackRock TCP Capital Corp (TCPC.O) is 4.47, compared to its 5-year average forward P/E of 7.01. 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
7.01
Current PE
4.47
Overvalued PE
9.21
Undervalued PE
4.80

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
0.71
Current EV/EBITDA
21.29
Overvalued EV/EBITDA
4.53
Undervalued EV/EBITDA
-3.11

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
3.30
Current PS
2.24
Overvalued PS
4.20
Undervalued PS
2.39

Financials

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Frequently Asked Questions

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

The current price of TCPC is 3.85 USD — it has increased 2.67

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 7.80M USD, decreased -82.49

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 29 2026.

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

Today TCPC has the market capitalization of 314.64M USD.