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 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
38% more call options, than puts
Call options by funds: $557K | Put options by funds: $405K
23% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 39
1.35% more ownership
Funds ownership: 21.65% [Q4 2024] → 22.99% (+1.35%) [Q1 2025]
3% less capital invested
Capital invested by funds: $161M [Q4 2024] → $156M (-$5.19M) [Q1 2025]
5% less funds holding
Funds holding: 149 [Q4 2024] → 141 (-8) [Q1 2025]
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6.50
16%
downside
Avg. target
$7
10%
downside
High target
$7.50
3%
downside
2 analyst ratings
0 positive
0%
1 neutral
50%
1 negative
50%
Wells Fargo Finian O'Shea | 16%downside $6.50 | Underweight Maintained | 28 Apr 2025 |
Keefe, Bruyette & Woods Paul Johnson | 3%downside $7.50 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
BlackRock TCP Capital Corp (TCPC) Q1 2025 Earnings Call Transcript
BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q1 2025 Earnings Conference Call May 8, 2025 12:00 PM ET Company Participants Michaela Murray - IR Phil Tseng - Chairman, Co-CIO and CEO Jason Mehring - President Erik Cuellar - CFO Dan Worrell - Co-CIO Patrick Wolfe - COO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Robert Dodd - Raymond James Paul Johnson - KBW Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp. Q1 2025 Earnings Call.
Positive
Zacks Investment Research
1 month ago
BlackRock TCP (TCPC) Tops Q1 Earnings Estimates
BlackRock TCP (TCPC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.45 per share a year ago.
Neutral
Business Wire
1 month ago
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
SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced its financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended March 31, 2025 was $32.2 million, or $0.38 per share on a diluted basis, which exceeded the regular di.
Negative
Seeking Alpha
1 month ago
All That Glitters Is Not Gold, 2 BDCs To Avoid Before They Cut Again
The BDC land consists of a small number of players, most of which have tiny market cap levels. Even though the asset class is relatively shallow and niche-like, we can still find some strong brand names operating here. Theoretically, this should provide an advantage in terms of accessing sizeable and high-quality private credit investments.
Positive
24/7 Wall Street
2 months 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 months 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 months 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
2 months 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
2 months 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
3 months 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.
Charts implemented using Lightweight Charts™