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BlackRock TCP Capital Corp. (NASDAQ:TCPC) is included among the 15 Stocks with Highest Dividend to Invest in.
On November 10, Wells Fargo analyst Finian P. O’Shea cut the price target on BlackRock TCP Capital Corp. (NASDAQ:TCPC) to $5.50 from $6 and maintained an Underweight rating on the shares following the company’s quarterly results, according to a report by the Fly. The firm noted that a post-quarter write-off of Renovo underscores the risks associated with restructured credits.
In its Q3 2025 earnings, CEO Philip Tseng stated that the company did not expect to recover value from its investment in Renovo and anticipated fully writing down the position in the fourth quarter of 2025. He added that this action would likely reduce the Q4 net asset value by approximately $0.15 per share on a pro forma basis.
BlackRock TCP Capital Corp. (NASDAQ:TCPC) also saw activity rise, with a 20% increase in deals reviewed compared to the previous quarter and a 40% increase in deals moving to the screening stage. Management emphasized ongoing portfolio diversification, noting that the average position size fell to $7.8 million from $11.7 million at the end of 2024.
For the third quarter of 2025, TCPC reported revenue of $50.52 million, down nearly 29% year over year. During the quarter, total investment acquisitions and dispositions were approximately $63.1 million and $139.5 million, respectively.
BlackRock TCP Capital Corp. (NASDAQ:TCPC) specializes in direct lending to middle-market companies and small businesses.
While we acknowledge the potential of TCPC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best 52-Week Low Dividend Stocks to Invest In and 15 Best Passive Income Stocks to Buy Right Now.
Disclosure: None.
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