BlackRock TCP Capital/$TCPC
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About BlackRock TCP Capital
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 its 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.
- Ticker
- $TCPC
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- -
- Headquarters
- Santa Monica, United States
- Website
- www.tcpcapital.com
TCPC Metrics
BasicAdvanced
$348M
-
-$2.38
-
$0.76
16.39%
Price and volume
Market cap
$348M
52-week high
$6.25
52-week low
$3.08
Average daily volume
777K
Dividend rate
$0.76
Financial strength
Current ratio
14.22
Quick ratio
13.614
Long term debt to equity
0.693
Total debt to equity
0.693
Interest coverage (TTM)
2.39%
Profitability
Gross margin (TTM)
100.00%
Net profit margin (TTM)
-128.77%
Operating margin (TTM)
82.76%
Effective tax rate (TTM)
-0.34%
Management effectiveness
Return on assets (TTM)
6.10%
Return on equity (TTM)
-32.96%
Valuation
Price to revenue (TTM)
2.255
Price to book
0.74
Price to tangible book (TTM)
0.74
Price to free cash flow (TTM)
0.595
Free cash flow yield (TTM)
168.15%
Free cash flow per share (TTM)
6.978
Dividend yield (TTM)
18.31%
Forward dividend yield
16.39%
Growth
Revenue change (TTM)
-29.26%
Earnings per share change (TTM)
2,101.14%
3-year revenue growth (CAGR)
-8.92%
10-year revenue growth (CAGR)
0.45%
3-year earnings per share growth (CAGR)
224.94%
10-year earnings per share growth (CAGR)
7.89%
3-year dividend per share growth (CAGR)
-8.84%
10-year dividend per share growth (CAGR)
-3.58%
What the Analysts think about TCPC
Analyst ratings (Buy, Hold, Sell) for BlackRock TCP Capital stock.
Analyst projections of the future price of BlackRock TCP Capital stock.
Bulls say / Bears say
The Pantheon portfolio sale is expected to cut net leverage from 1.38x to about 0.4x, or below 0.3x after a further paydown, while reducing unfunded commitments to under $40 million. That gives TCPC much more room to manage its balance sheet and consider strategic options. (BlackRock TCP Capital Corp.)
Second-quarter net investment income of $0.22 per share, or $0.21 on an adjusted basis, exceeded the $0.17 dividend. That provides current income support for the reduced payout, though it does not guarantee future coverage. (BlackRock TCP Capital Corp.)
Credit indicators improved sequentially: non-accrual investments fell to 1.6% of portfolio fair value from 2.8%, and 89.8% of the portfolio was first-lien debt. These trends suggest some progress in protecting and improving the loan book. (BlackRock TCP Capital Corp.)
The portfolio sale is expected to reduce NAV by about 10.4%, or $0.68 per share, based on June quarter-end NAV. The sharp balance-sheet improvement therefore comes with a material immediate hit to book value. (BlackRock TCP Capital Corp.)
NAV fell a further 2.1% in the second quarter, while TCPC recorded $14.8 million in realised losses and markdowns on several holdings. That points to ongoing losses in the underlying loan portfolio, despite lower non-accruals. (BlackRock TCP Capital Corp.)
Fitch kept a negative outlook, citing elevated non-accruals and payment-in-kind income that could lead to further realised losses, as well as a weaker asset-coverage cushion than peers. The large sale cuts leverage, but does not by itself remove credit risk in the remaining loans. (Fitch Ratings)
Data summarised monthly by Lightyear AI. Last updated on 27 Oct 2026.
TCPC Financial Performance
Revenues and expenses
TCPC Earnings Performance
Company profitability
Upcoming events
TCPC News
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Funds containing TCPC
Fund name | Fund size | $TCPC weighting |
|---|---|---|
iShares Listed Private Equity$IDPE | $843M | 0.20% |
iShares Listed Private Equity£IPRV | $843M | 0.20% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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