Blackrock Tcp Capital’s (TCPC) Underperform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their underperform rating on shares of Blackrock Tcp Capital (NASDAQ:TCPC) in a report published on Tuesday, MarketBeat.com reports. They currently have a $3.50 price target on the investment management company’s stock, down from their previous price target of $7.00.

Several other analysts have also recently commented on TCPC. Zacks Research cut Blackrock Tcp Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Wells Fargo & Company reduced their price objective on shares of Blackrock Tcp Capital from $5.50 to $3.50 and set an “underweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Blackrock Tcp Capital in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Blackrock Tcp Capital currently has a consensus rating of “Strong Sell” and a consensus target price of $3.50.

Blackrock Tcp Capital Stock Performance

NASDAQ TCPC opened at $3.97 on Tuesday. The company has a market capitalization of $334.79 million, a price-to-earnings ratio of -3.78 and a beta of 0.91. The company has a quick ratio of 14.55, a current ratio of 17.66 and a debt-to-equity ratio of 1.73. Blackrock Tcp Capital has a twelve month low of $3.83 and a twelve month high of $8.36. The stock has a fifty day simple moving average of $5.11 and a 200 day simple moving average of $5.79.

Blackrock Tcp Capital (NASDAQ:TCPC) last released its quarterly earnings results on Friday, February 27th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The company had revenue of $27.13 million during the quarter, compared to the consensus estimate of $46.99 million. Blackrock Tcp Capital had a negative net margin of 44.07% and a positive return on equity of 15.06%. Sell-side analysts expect that Blackrock Tcp Capital will post 1.65 EPS for the current year.

Blackrock Tcp Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 17.1%. Blackrock Tcp Capital’s dividend payout ratio (DPR) is -95.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Next Capital Management LLC grew its holdings in Blackrock Tcp Capital by 11.7% in the fourth quarter. Next Capital Management LLC now owns 2,683,539 shares of the investment management company’s stock worth $14,679,000 after purchasing an additional 282,123 shares during the period. Invesco Ltd. boosted its position in shares of Blackrock Tcp Capital by 22.0% during the 4th quarter. Invesco Ltd. now owns 2,375,549 shares of the investment management company’s stock worth $12,994,000 after purchasing an additional 428,201 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Blackrock Tcp Capital by 5.1% in the 3rd quarter. Van ECK Associates Corp now owns 2,288,755 shares of the investment management company’s stock valued at $14,191,000 after buying an additional 110,040 shares during the period. UBS Group AG grew its stake in shares of Blackrock Tcp Capital by 8.9% in the 4th quarter. UBS Group AG now owns 1,571,451 shares of the investment management company’s stock valued at $8,596,000 after buying an additional 128,687 shares during the period. Finally, Two Sigma Investments LP increased its position in Blackrock Tcp Capital by 22.8% in the 3rd quarter. Two Sigma Investments LP now owns 874,972 shares of the investment management company’s stock valued at $5,425,000 after buying an additional 162,651 shares in the last quarter.

Key Headlines Impacting Blackrock Tcp Capital

Here are the key news stories impacting Blackrock Tcp Capital this week:

• Neutral Sentiment: Short-interest reports show 0 shares and inconsistent/NaN changes across filings — likely a data quirk rather than evidence of new meaningful shorting pressure.
• Negative Sentiment: Multiple law firms have filed suits or are soliciting lead plaintiffs in a securities class action tied to alleged misstatements for the period Nov. 6, 2024–Jan. 23, 2026; firms notifying investors include Rosen, Pomerantz, Faruqi & Faruqi, Bernstein Liebhard, Bronstein Gewirtz & Grossman, and Levi & Korsinsky. These notices increase legal risk, potential settlement exposure, and selling pressure as investors react to litigation headlines. Read More. Read More. Read More.
• Negative Sentiment: Report that BlackRock wrote down a second private loan to zero increases concerns about asset quality at loans and other private investments held by the vehicle, which helps explain recent earnings/revenue misses and is a common driver of investor losses cited in the class-action complaints. Read More.
• Negative Sentiment: Analyst actions are bearish: Keefe, Bruyette & Woods issued an “Underperform” rating, and Wells Fargo cut its price target to $3.50 — both items support downside sentiment and can trigger further selling. Read More. Read More.
• Negative Sentiment: Ongoing legal notices and press releases (multiple firms repeating deadlines and solicitations) keep the story in headlines and may prolong volatility until litigation risk and asset-quality issues are resolved. Example notices: Rosen / Globe Newswire / Newsfile. Read More. Read More.

Blackrock Tcp Capital Company Profile

BlackRock TCP Capital Corp is a publicly traded business development company (BDC) listed on the NASDAQ under the ticker TCPC. Externally managed by BlackRock, the firm provides customized financing solutions to U.S. middle-market companies, with a focus on sponsor-backed transactions. Its core strategy centers on delivering current income and capital appreciation through a diversified portfolio of debt and equity investments across a variety of sectors, including consumer products, healthcare, business services and industrials.

Since its initial public offering in 2013, BlackRock TCP Capital has partnered with private equity sponsors to underwrite and structure senior secured first-lien loans, second-lien loans, mezzanine debt and select equity co-investments.