BlackRock TCP CapitalTCPC
TCPC
About: BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.
Employees: 21,100
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
41% more call options, than puts
Call options by funds: $429K | Put options by funds: $304K
40% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 20
17% more capital invested
Capital invested by funds: $138M [Q3] → $161M (+$23M) [Q4]
3% more funds holding
Funds holding: 144 [Q3] → 149 (+5) [Q4]
2.05% more ownership
Funds ownership: 19.59% [Q3] → 21.64% (+2.05%) [Q4]
26% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 46
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6.50
7%
downside
Avg. target
$7
0%
upside
High target
$7.50
7%
upside
2 analyst ratings
0 positive
0%
1 neutral
50%
1 negative
50%
Wells Fargo Finian O'Shea 49% 1-year accuracy 29 / 59 met price target | 7%downside $6.50 | Underweight Maintained | 28 Apr 2025 |
Keefe, Bruyette & Woods Paul Johnson 59% 1-year accuracy 10 / 17 met price target | 7%upside $7.50 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 3 articles about TCPC published over the past 30 days
Positive
24/7 Wall Street
2 weeks ago
Looking For Almost $6000 Per Year In Passive Income? Invest Just $10,000 In 4 Tariff-Sell Off Bargains
According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate.
Negative
Seeking Alpha
2 weeks ago
BDC Weekly Review: BDCs Plunge On Macro Fears
We take a look at the action in business development companies through the first week of April and highlight some of the key themes we are watching. BDCs faced significant losses, with average returns around -9% on the week with valuations dropping below historical averages. Valuation uncertainty is high due to quarterly NAV declarations and systemic/idiosyncratic factors; estimated NAV drops are 2-3% from Q4 levels.
Neutral
Business Wire
2 weeks ago
BlackRock TCP Capital Corp. to Report First Quarter Ended March 31, 2025 Financial Results on May 8, 2025
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time) on Thursday, May 8, 2025, to discuss its financial results. All interested parties are invited to participate in the conference ca.
Positive
24/7 Wall Street
1 month ago
3 Stocks Trading Under $10 That Deliver Massive Ultra-High-Yield Dividends
Investors love dividend stocks, especially the ultra-high-yield variety because they offer a significant income stream and have massive total return potential.
Negative
Seeking Alpha
1 month ago
Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025
The current market environment suggests a potential recession, leading investors to favor durable and income-producing assets. BDCs and REITs are likely to be among the key beneficiaries here. However, with REITs and especially BDCs investors have to be careful in order to avoid falling in a value trap.
Negative
Seeking Alpha
1 month ago
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Negative
Seeking Alpha
1 month ago
BDC Weekly Review: JPMorgan Muscling In On Private Credit Turf
We take a look at the action in business development companies through the last week of February and highlight some of the key themes we are watching. BDCs remained flat amid volatile risk sentiment, with TCPC underperforming due to a poor quarter and dividend cut, while February saw slight overall gains for the sector. JPMorgan's $50bn direct lending initiative and merger of its commercial and investment banks could increase competition for BDCs in corporate lending.
Neutral
Seeking Alpha
2 months ago
BlackRock TCP Capital Corp (TCPC) Q4 2024 Earnings Call Transcript
BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q4 2024 Results Conference Call February 27, 2025 1:00 PM ET Company Participants Michaela Murray - Investor Relations Phil Tseng - Chairman & Chief Executive Officer Erik Cuellar - Chief Financial Officer Dan Worrell - Co-CIO Jason Mehring - President Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Christopher Nolan - Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp's Fourth Quarter and Year-Ended 2024 Earnings Conference Call.
Positive
Zacks Investment Research
2 months ago
BlackRock TCP (TCPC) Q4 Earnings Top Estimates
BlackRock TCP (TCPC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.44 per share a year ago.
Neutral
Seeking Alpha
2 months ago
Tactical BDCs For Sizable Income And Alpha: 1 To Buy, 1 To Avoid
Since BDCs carry in general above-average risks, it makes sense to prioritize defensive and prudently structured picks. Yet, if the price is right, higher risk BDCs could also become enticing investments. In this article, I discuss two tactical or higher risk BDCs - one of which is a buy, and the other one, in my view, should be avoided.
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