BlackRock TCP Capital Corp
$ 4.11
5.38%
07 Aug - close price
- Market Cap 344,840,000 USD
- Current Price $ 4.11
- High / Low $ 4.15 / 3.86
- Stock P/E N/A
- Book Value 6.72
- EPS -1.35
- Next Earning Report -
- Dividend Per Share N/A
- Dividend Yield 0 %
- Next Dividend Date -
- ROA 0.06 %
- ROE -0.19 %
- 52 Week High 6.10
- 52 Week Low 3.08
About
BlackRock TCP Capital Corp (TCPC) is a prominent business development company that specializes in delivering customized financing solutions to middle-market enterprises across diverse industries. Backed by the extensive investment expertise of BlackRock, TCPC primarily offers senior secured loans and a variety of debt instruments, prioritizing strong risk-adjusted returns and capital preservation. With a proactive investment approach and robust market relationships, the firm effectively maneuvers through changing economic landscapes. Furthermore, TCPC's commitment to consistent dividend distributions positions it as an attractive option for income-focused investors seeking stability and resilience in uncertain market conditions.
Analyst Target Price
$4.17
Quarterly Earnings
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reported Date | 2026-08-06 | 2026-05-07 | 2026-02-27 | 2025-11-06 | 2025-08-07 | 2025-05-08 | 2025-02-27 | 2024-11-06 | 2024-08-07 | 2024-05-01 | 2024-02-29 | 2023-11-02 |
| Reported EPS | 0.22 | 0.22 | 0.28 | 0.32 | 0.32 | 0.36 | 0.4 | 0.4 | 0.42 | 0.45 | 0.44 | 0.49 |
| Estimated EPS | 0.2 | 0.2325 | 0.27 | 0.3 | 0.34 | 0.34 | 0.372 | 0.39 | 0.43 | 0.44 | 0.47 | 0.47 |
| Surprise | 0.02 | -0.0125 | 0.01 | 0.02 | -0.02 | 0.02 | 0.028 | 0.01 | -0.01 | 0.01 | -0.03 | 0.02 |
| Surprise Percentage | 10% | -5.3763% | 3.7037% | 6.6667% | -5.8824% | 5.8824% | 7.5269% | 2.5641% | -2.3256% | 2.2727% | -6.383% | 4.2553% |
Next Quarterly Earnings
| Reported Date |
| Fiscal Date Ending |
| Estimated EPS |
| Currency |
Previous Dividend Records
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Date | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-28 |
| Amount | $0.17 | $0.17 | $0.17 | $0.25 | $0.29 | $0.29 | $0.29 | $0.44 | $0.34 | $0.34 |
Next Dividend Records
| Dividend per share (year): | - |
| Dividend Yield | - |
| Next Dividend Date | - |
| Ex-Dividend Date | - |
Recent News: TCPC
2026-08-06 20:39:50
BlackRock TCP Capital (TCPC) sold a $523 million portfolio of private credit investments to Pantheon, a private credit secondaries investor, to stabilize its balance sheet and reduce leverage. This move will cut TCPC's leverage from 1.38x to an estimated 0.4x, providing more liquidity but also leading to a projected 10.4% decline in net asset value. The transaction highlights increasing pressure on private credit managers and business development companies amidst rising investor demand for stronger balance sheets and concerns over liquidity in the private credit market.
2026-08-06 18:40:52
BlackRock TCP Capital Corp (TCPC) reported mixed Q2 2026 results, with EPS missing estimates but revenue exceeding forecasts. The company's shares rose due to a major portfolio sale that significantly reduced leverage and improved financial flexibility, overshadowing the earnings miss. Management discussed a strategic review to explore options for long-term shareholder value, including capital returns and potential combinations, while emphasizing a focus on repositioning the portfolio and improving credit quality.
2026-08-06 18:39:50
BlackRock TCP Capital Corp (TCPC) reported mixed Q2 2026 results with EPS of $0.02, significantly below analyst expectations, but revenue of $40.02 million exceeded forecasts. Despite the earnings miss, shares rose due to a major portfolio sale, reduced leverage, and enhanced financial flexibility. The company also announced a strategic review to explore options for long-term shareholder value, including portfolio reinvestment, capital returns, or strategic combinations.
2026-08-06 14:39:51
TCPC announced a significant $523 million portfolio sale in Q2 2026, which is expected to drastically reduce its net leverage to 0.4x. This strategic move aims to accelerate its repositioning efforts, lower debt, and enhance its capacity for future investments. The company also reported strong net investment income for the quarter.
2026-08-06 12:36:00
BlackRock TCP Capital (TCPC) reported Q2 2026 earnings with total investment income of $40.0 million and GAAP net investment income of $0.22 per diluted share, down from the previous year, though it still covered the quarterly dividend. A significant post-quarter portfolio sale is expected to sharply reduce leverage to approximately 0.4x but will also lower NAV by about 10.4%. The company aims to use this reset to enhance strategic flexibility, and the board is exploring various capital allocation and strategic alternatives.
2026-08-06 11:39:50
BlackRock TCP Capital (NASDAQ: TCPC) has sold 95% of its interest in a continuation vehicle holding $523 million in loans to Pantheon-managed funds for approximately $152 million, reducing its net asset value by an estimated 10.4% or $0.68 per share. This transaction aims to significantly lower TCPC's net leverage to around 0.4x and enhance its investment capacity, while the company also reported Q2 2026 net investment income of $0.22 per share, covering its $0.17 per share dividend. The Board is evaluating strategic alternatives, including potential reinvestment and capital returns, to maximize shareholder value.
