TCPC

Nov 05, 4:48 PMBlackRock TCP Capital de-risks balance sheet as Q3 NAV per share falls to $5.61 and dividend is under-earned

Peers: CCAP BCSF NMFC OCSL CION GSBD SLRC FSK PSEC OTF

| Held by: CEFS KBWD BIZD PBDC VPC MSSM PCR ORR

Scroll to Statements

Index	-
Market Cap	346.94M
Enterprise Value	420.18M
Income	-199.59M
Sales	-40.83M
Book/sh	5.61
Cash/sh	3.02
Dividend Est.	0.68 (16.44%)
Dividend TTM	0.76 (18.38%)
Dividend Ex-Date	Dec 17, 2026
Dividend Gr. 3/5Y	-6.41% -5.40%
Payout	-
Employees	24900
IPO	Apr 04, 2012

P/E	-
Forward P/E	12.82
PEG	-
P/S	-
P/B	0.74
P/C	1.37
P/FCF	6.23
EV/EBITDA	-
EV/Sales	-
Quick Ratio	10.54
Current Ratio	10.54
Debt/Eq	0.69
LT Debt/Eq	0.66
Option/Short	Yes / Yes

EPS (ttm)	-2.36
EPS next Y	0.32
EPS next Q	0.08
EPS this Y	-49.02%
EPS next Y	-50.57%
EPS next 5Y	-
EPS past 3/5Y	-87.12% -
Sales past 3/5Y	- -
EPS Y/Y TTM	-2111.43%
Sales Y/Y TTM	-374.71%
EPS Q/Q	-377.60%
Sales Q/Q	1.15%
Earnings	Nov 05 BMO
EPS/Sales Surpr.	20.00% 3.52%

Insider Own	0.37%
Insider Trans	0.00%
Inst Own	33.63%
Inst Trans	-
ROA	-15.19%
ROE	-32.96%
ROIC	-25.48%
Gross Margin	143.20%
Oper. Margin	340.77%
Profit Margin	488.82%
SMA20	-0.33%
SMA50	1.50%
SMA200	4.30%
Trades

Shs Outstand	83.90M
Shs Float	83.59M
Short Float	6.93%
Short Ratio	7.55
Short Interest	5.79M
52W High	6.25 -33.84%
52W Low	3.08 34.25%
Volatility	4.32% 3.12%
ATR (14)	0.14
RSI (14)	50.00
Beta	1.00
Rel Volume	1.96
Avg Volume	767.45K
Volume	985,152

Perf Week	-3.39%
Perf Month	3.12%
Perf Quarter	6.03%
Perf Half Y	-1.55%
Perf YTD	-24.41%
Perf Year	-27.46%
Perf 3Y	-60.88%
Perf 5Y	-68.80%
Perf 10Y	-73.12%
Recom	3.00
Target Price	4.33
Prev Close	4.30
Price	4.14
Change %	-3.84%

Consensus

Hold

Avg. Price Target

$4.33

Implied Upside

+4.7%

Analysts10incl. previous ratings

Rating Distribution3 Buy · 7 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Sep 29, 2026	Upgrade	WWells Fargo	Underweight → Equal Weight	$4	-3.3%
Aug 07, 2026	Upgrade	KKeefe Bruyette	Underperform → Mkt Perform
Mar 03, 2026	Downgrade	KKeefe Bruyette	Mkt Perform → Underperform	$3.50	-15.4%
Aug 26, 2024	Downgrade	WWells Fargo	Equal Weight → Underweight	$8.50 → $8	+93.5%
Aug 08, 2024	Downgrade	LLadenburg Thalmann	Buy → Neutral
Mar 06, 2024	Downgrade	OOppenheimer	Outperform → Perform	$13 → $11	+166.0%
Mar 01, 2024	Downgrade	RRaymond James	Outperform → Mkt Perform
Mar 01, 2024	Downgrade	JJMP Securities	Mkt Outperform → Mkt Perform
Mar 03, 2021	Resumed	JJMP Securities	Mkt Outperform	$14.50	+250.7%
Feb 26, 2021	Upgrade	RRaymond James	Mkt Perform → Outperform	$14	+238.6%
Jun 24, 2020	Downgrade	RRaymond James	Outperform → Mkt Perform
Mar 31, 2020	Downgrade	KKeefe Bruyette	Outperform → Mkt Perform
Jan 15, 2020	Downgrade	WWells Fargo	Overweight → Equal Weight	$14.50	+250.7%
Nov 20, 2017	Initiated	LLadenburg Thalmann	Buy
Aug 07, 2017	Upgrade	NNational Bank Financial	Sector Perform → Outperform
May 11, 2017	Upgrade	DDeutsche Bank	Hold → Buy	$18	+335.3%
Aug 10, 2016	Reiterated	FFBR Capital	Outperform	$16 → $17.50	+323.2%
Mar 15, 2016	Reiterated	DDeutsche Bank	Hold	$16.50 → $15	+262.8%
Mar 01, 2016	Reiterated	WWunderlich	Hold	$16 → $15	+262.8%
Mar 01, 2016	Reiterated	FFBR Capital	Outperform	$17 → $16	+286.9%

Nov-05-26 08:18AM	BlackRock TCP: Q3 Earnings Snapshot (Associated Press)
07:05AM	BlackRock TCP Capital Corp. Announces Third Quarter 2026 Financial Results Including Net Investment Income of $0.16 Per Share; Declares a Fourth Quarter Dividend of $0.17 Per Share (Business Wire)
Oct-28-26 04:45PM	TCPC's First Post-Sale Quarter Tests A Shrunken Earnings Base And A $0.17 Dividend (Earnings Whispers)
Oct-08-26 08:05AM	BlackRock TCP Capital Corp. to Report Third Quarter ended September 30, 2026 Financial Results on November 5, 2026 (Business Wire)
Aug-24-26 05:11PM	BlackRock Puts TCP Capital's $671 Million of Loans on the Block (Benzinga Private Markets)
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Aug-06-26 07:20PM	BlackRock TCP Capital Corp (TCPC) (Q2 2026) Earnings Call Highlights: Strategic Portfolio Sale ... (GuruFocus.com) +11.43% +5.38%
08:22AM	BlackRock TCP: Q2 Earnings Snapshot (Associated Press)
08:05AM	BlackRock TCP Capital Corp. Announces Second Quarter 2026 Financial Results and $523 Million Portfolio Sale (Business Wire)
Jul-09-26 08:05AM	BlackRock TCP Capital Corp. to Report Second Quarter ended June 30, 2026 Financial Results on August 6, 2026 (Business Wire)
Jul-01-26 01:29PM	BlackRocks Tseng to Exit as CEO of Troubled Private Credit Fund (Bloomberg)
May-15-26 06:26PM	Ares Management bulks up on credit funds in first quarter of 2026 (Reuters) -5.78%
May-07-26 08:26AM	BlackRock TCP: Q1 Earnings Snapshot (Associated Press)
08:05AM	BlackRock TCP Capital Corp. Announces First Quarter 2026 Financial Results Including Net Investment Income of $0.22 Per Share; Declares a Second Quarter Dividend of $0.17 Per Share (Business Wire)
Apr-16-26 08:05AM	BlackRock TCP Capital Corp. to Report First Quarter ended March 31, 2026 Financial Results on May 7, 2026 (Business Wire)
Mar-18-26 03:01PM	The 'Watchlist' of Private Credit Loans Showing Stress Is Growing. What It Means. (Barrons.com)
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Mar-06-26 07:09AM	BlackRock Writes Down $25M Loan to Zero, Raising Private Credit Concerns (GuruFocus.com)
Mar-04-26 09:00AM	BlackRock TCP Capital Corp. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - TCPC (PR Newswire)
Mar-03-26 09:33AM	MongoDB downgraded, Block upgraded: Wall Street's top analyst calls (The Fly)
Feb-27-26 06:17PM	Blackrock Tcp Capital Q4 Earnings Call Highlights (MarketBeat) -9.31%
06:01PM	BlackRock TCP Capital Corp (TCPC) Q4 2025 Earnings Call Highlights: Navigating Challenges with ... (GuruFocus.com)
12:14PM	Shares of Private-Credit Lenders Fall After Dividend Cuts (The Wall Street Journal)
09:20AM	BlackRock TCP (TCPC) Lags Q4 Earnings and Revenue Estimates (Zacks)
08:27AM	BlackRock TCP: Q4 Earnings Snapshot (Associated Press Finance)
08:05AM	BlackRock TCP Capital Corp. Announces 2025 Financial Results Including Fourth Quarter Net Investment Income of $0.26 Per Share; Declares a First Quarter Dividend of $0.17 Per Share (Business Wire)
Feb-20-26 01:12PM	Business development companies' stocks have fallen. Some look attractive for the right type of investor. (MarketWatch)
Feb-19-26 06:15PM	Howard Hughes Holdings (HHH) Lags Q4 Earnings Estimates (Zacks)
Feb-18-26 09:00AM	BlackRock TCP Capital Corp. Sued for Securities Law Violations - Contact Levi & Korsinsky Before April 6, 2026 to Discuss Your Rights - TCPC (PR Newswire)
06:28AM	How BDC ETFs are at risk under the looming private credit default crisis (24/7 Wall St.)
Jan-31-26 02:30AM	The Exit Rush Is Over for Nontraded BDCs. Cash Keeps Coming Into Private Credit. (Barrons.com)
Jan-29-26 01:00PM	How a BlackRock Loss Reignited Worries About What Is Hiding in Private Credit (The Wall Street Journal)
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08:05AM	BlackRock TCP Capital Corp. to Report Fourth Quarter Ended December 31, 2025 Financial Results on February 27, 2026 (Business Wire)
Jan-27-26 08:00AM	BlackRock TCP Capital sees Q4 EPS 24c-26c, consensus 27c (TipRanks)
Jan-26-26 03:13PM	BlackRock Private Credit Fund Tanks (The Wall Street Journal) -12.97%
12:17PM	BlackRock TCP Capital Stock Slides 15%. It's Private Credit's Latest Problem Child. (Barrons.com)
11:12AM	BlackRock TCP Capital Stock Slides 14% as Fund Flags Bad News (Barrons.com)
06:19AM	Why a private-credit fund tied to BlackRock is getting hammered (MarketWatch)
05:48AM	Publicly traded BlackRock fund skids and other premarket movers (MarketWatch)
04:27AM	Stock Market Today: Dow, S&P 500 and Nasdaq set to retreat as gold and silver surge further (MarketWatch)
Jan-08-26 09:40AM	Are Investors Undervaluing BlackRock TCP Capital (TCPC) Right Now? (Zacks)
Nov-18-25 02:56AM	Wells Fargo Maintains Underweight on BlackRock TCP Capital (TCPC), Cuts Price Target to $5.50 (Insider Monkey)
Nov-06-25 06:06PM	BlackRock TCP Capital Corp (TCPC) Q3 2025 Earnings Call Highlights: Portfolio Diversification ... (GuruFocus.com)
09:15AM	BlackRock TCP (TCPC) Lags Q3 Earnings and Revenue Estimates (Zacks)
08:13AM	BlackRock TCP: Q3 Earnings Snapshot (Associated Press Finance)
08:05AM	BlackRock TCP Capital Corp. Announces Third Quarter 2025 Financial Results Including Net Investment Income of $0.32 Per Share; Declares a Fourth Quarter Dividend of $0.25 Per Share (Business Wire)
Nov-05-25 07:20PM	TriplePoint Venture Growth (TPVG) Q3 Earnings and Revenues Lag Estimates (Zacks)
Nov-03-25 06:30PM	New Mountain Finance (NMFC) Meets Q3 Earnings Estimates (Zacks)
Oct-30-25 10:00AM	Earnings Preview: BlackRock TCP (TCPC) Q3 Earnings Expected to Decline (Zacks)
Oct-14-25 08:00AM	BlackRock TCP Capital Corp. to Report Third Quarter Ended September 30, 2025 Financial Results on November 6, 2025 (Business Wire)
Oct-07-25 01:06AM	BlackRock TCP Capital Corp's (TCPC) Portfolio Strength: Key Metrics Behind its BDC Success (Insider Monkey)
Aug-08-25 03:30AM	BlackRock TCP Capital Corp (TCPC) Q2 2025 Earnings Call Highlights: Strategic Moves and ... (GuruFocus.com)
Aug-07-25 09:15AM	BlackRock TCP (TCPC) Misses Q2 Earnings and Revenue Estimates (Zacks)
08:16AM	BlackRock TCP: Q2 Earnings Snapshot (Associated Press Finance)
08:05AM	BlackRock TCP Capital Corp. Announces Second Quarter 2025 Financial Results Including Net Investment Income of $0.32 Per Share; Declares a Third Quarter Regular Dividend of $0.25 Per Share and a Special Dividend of $0.04 Per Share (Business Wire)
Aug-06-25 07:25AM	Blackstone Secured Lending Fund (BXSL) Q2 Earnings and Revenues Lag Estimates (Zacks)
Aug-05-25 05:35PM	SLR Investment (SLRC) Lags Q2 Earnings Estimates (Zacks)
Jul-29-25 07:25AM	Ares Capital (ARCC) Q2 Earnings and Revenues Miss Estimates (Zacks)
Jul-10-25 08:05AM	BlackRock TCP Capital Corp. to Report Second Quarter Ended June 30, 2025 Financial Results on August 7, 2025 (Business Wire)
May-08-25 09:25AM	BlackRock TCP (TCPC) Tops Q1 Earnings Estimates (Zacks) +7.41%
08:21AM	BlackRock TCP: Q1 Earnings Snapshot (Associated Press Finance)
08:05AM	BlackRock TCP Capital Corp. Announces First Quarter 2025 Financial Results Including Net Investment Income of $0.38 Per Share; Declares a Second Quarter Regular Dividend of $0.25 Per Share and a Special Dividend of $0.04 Per Share (Business Wire)
May-07-25 07:55PM	TriplePoint Venture Growth (TPVG) Q1 Earnings and Revenues Miss Estimates (Zacks)
12:34PM	BlackRock TCP Capital Q1 2025 Earnings Preview (Seeking Alpha)
10:49AM	Earnings To Watch: BlackRock TCP Capital Corp (TCPC) Reports Q1 2025 Result (GuruFocus.com)
May-06-25 09:20AM	Camden National (CAC) Misses Q1 Earnings Estimates (Zacks)
May-05-25 07:45AM	HIPS: Return Of Capital Distributions Can Be Good (Seeking Alpha)
May-03-25 09:15AM	All That Glitters Is Not Gold, 2 BDCs To Avoid Before They Cut Again (Seeking Alpha)
Apr-30-25 05:55PM	Regional Management (RM) Tops Q1 Earnings Estimates (Zacks)
Apr-27-25 08:51AM	Barings BDC: Not The Best Investment Despite The 11.7% Dividend Yield (Seeking Alpha)
Apr-24-25 07:35AM	Amalgamated Financial (AMAL) Meets Q1 Earnings Estimates (Zacks)
Apr-21-25 02:00PM	How To Build A $500,000 Dividend Portfolio That Could Yield 18.35% In 20 Years (Seeking Alpha)
Apr-13-25 02:06PM	BDC Weekly Review: BDCs Plunge On Macro Fears (Seeking Alpha)
Apr-10-25 10:47AM	Gladstone Capital (GLAD) Soars 7.1%: Is Further Upside Left in the Stock? (Zacks)
10:00AM	KBWD: Poor Dividend History And Declining NAV (Seeking Alpha)
08:05AM	BlackRock TCP Capital Corp. to Report First Quarter Ended March 31, 2025 Financial Results on May 8, 2025 (Business Wire)
Apr-04-25 09:43AM	Implied Volatility Surging for BlackRock TCP Capital (TCPC) Stock Options (Zacks) -9.69%
Apr-02-25 09:15AM	BlackRock TCP: Still Too Speculative After The Dividend Cut (Seeking Alpha)
Mar-31-25 09:15AM	Worried About BDC Dividends? Consider These 3 For Durable Income (Seeking Alpha)
Mar-26-25 06:00PM	Strategically Building A $100,000 Dividend Portfolio For Attractive Income And Strong Risk-Adjusted Returns (SeekingAlpha)
Mar-21-25 09:15AM	Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025 (SeekingAlpha)
Feb-28-25 06:28AM	Q4 2024 BlackRock TCP Capital Corp Earnings Call (Thomson Reuters StreetEvents)
02:34AM	BlackRock TCP Capital Corp (TCPC) Q4 2024 Earnings Call Highlights: Navigating Challenges with ... (GuruFocus.com)
Feb-27-25 02:37PM	CORRECTING and REPLACING BlackRock TCP Capital Corp. Announces 2024 Financial Results Including Fourth Quarter Net Investment Income of $0.40 Per Share; Declares First Quarter Dividend of $0.25 Per Share and a Special Dividend of $0.04 Per Share (Business Wire) -9.64%
08:05AM	BlackRock TCP Capital Corp. Announces 2024 Financial Results Including Fourth Quarter Net Investment Income of $0.40 Per Share; Declares First Quarter Dividend of $0.25 Per Share and a Special Dividend of $0.04 Per Share (Business Wire)
Feb-26-25 07:56AM	Earnings To Watch: BlackRock TCP Capital Corp (TCPC) Reports Q4 2024 Result (GuruFocus.com)
Jan-27-25 04:05PM	BlackRock TCP Capital Corp. to Report Fourth Quarter and Fiscal Year Ended December 31, 2024 Financial Results on February 27, 2025 (Business Wire)
Jan-06-25 09:08AM	Implied Volatility Surging for BlackRock TCP (TCPC) Stock Options (Zacks)
Nov-07-24 05:25AM	Q3 2024 BlackRock TCP Capital Corp Earnings Call (Thomson Reuters StreetEvents)
02:20AM	BlackRock TCP Capital Corp (TCPC) Q3 2024 Earnings Call Highlights: Strong Dividend and ... (GuruFocus.com)
Nov-06-24 08:27AM	BlackRock TCP: Q3 Earnings Snapshot (Associated Press Finance) +9.62%
08:05AM	BlackRock TCP Capital Corp. Announces Third Quarter 2024 Financial Results (Business Wire)
Nov-05-24 07:56AM	BlackRock TCP Capital Corp (TCPC) Q3 2024 Earnings Report Preview: What to Expect (GuruFocus.com)
Oct-09-24 05:17PM	BlackRock TCP Capital Corp (TCPC) Q2 2024 Earnings Call Highlights: Navigating Challenges with ... (GuruFocus.com)
04:05PM	BlackRock TCP Capital Corp. to Report Third Quarter ended September 30, 2024 Financial Results on November 6, 2024 (Business Wire)
Sep-21-24 08:02AM	Is BlackRock TCP Capital Corp. (TCPC) the Best BDC Stock To Invest In? (Insider Monkey)
Sep-16-24 04:05PM	BlackRock TCP Capital Corp. Announces Leadership Transitions (Business Wire)
Sep-10-24 07:02PM	Insider Buying: Director Philip Tseng Acquires Shares of BlackRock TCP Capital Corp (TCPC) (GuruFocus.com)
Aug-07-24 08:14AM	BlackRock TCP: Q2 Earnings Snapshot (Associated Press Finance) -8.84%
08:05AM	BlackRock TCP Capital Corp. Announces Second Quarter 2024 Financial Results Including Net Investment Income of $0.42 Per Share; Declares Third Quarter Dividend of $0.34 Per Share; 49 Consecutive Quarters of Dividend Coverage (Business Wire)
Jul-08-24 08:05AM	BlackRock TCP Capital Corp. to Report Second Quarter Ended June 30, 2024 Financial Results on August 7, 2024 (Business Wire)
May-22-24 06:10PM	BlackRock TCP Capital Corp. Prices Offering of 6.95% Notes due 2029 (Business Wire)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Wolfe Patrick	Chief Operating Officer	Mar 13 '26	Buy	3.65	6,850	24,968	16,086	Mar 17 05:11 PM
Wolfe Patrick	Chief Operating Officer	Mar 13 '26	Buy	3.65	2,075	7,567	1,375	Mar 17 05:11 PM
Cuellar Erik L.	CFO	Mar 06 '26	Buy	3.86	1,750	6,752	2,000	Mar 10 05:24 PM
Worrell August Daniel	Co-Chief Investment Officer	Mar 06 '26	Buy	3.89	40,000	155,600	73,500	Mar 10 05:00 PM
Worrell August Daniel	Co-Chief Investment Officer	Mar 10 '26	Buy	3.75	40,000	150,000	113,500	Mar 10 05:00 PM
Mehring Jason	President	Mar 06 '26	Buy	3.86	6,500	25,090	29,208	Mar 10 04:52 PM

Blackrock TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. It invests in debt securities of middle-market companies. The company was founded on April 2, 2012 and is headquartered in Santa Monica, CA.

Chairman & CEOMr. Jason A. Mehring

PresidentMr. Dan Worrell

CFO & TreasurerMr. Erik L. Cuellar CPA

Chief Operating OfficerMr. Patrick Wolfe

Chief Compliance OfficerMr. Charles Choon Sik Park

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BlackRock TCP Capital Corp

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