Blackrock Tcp Capital (NASDAQ:TCPC) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Blackrock Tcp Capital (NASDAQ:TCPC) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other research analysts also recently commented on TCPC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Blackrock Tcp Capital in a report on Monday, December 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $3.50 price target (down from $7.00) on shares of Blackrock Tcp Capital in a research report on Tuesday, March 3rd. Wells Fargo & Company dropped their price objective on Blackrock Tcp Capital from $5.50 to $3.50 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Finally, Zacks Research cut Blackrock Tcp Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus target price of $3.50.

Blackrock Tcp Capital Trading Down 3.8%

Shares of TCPC stock opened at $3.82 on Friday. Blackrock Tcp Capital has a 12 month low of $3.82 and a 12 month high of $8.36. The company has a market cap of $322.14 million, a PE ratio of -3.64 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. The business’s 50 day moving average is $5.07 and its two-hundred day moving average is $5.76.

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

Blackrock Tcp Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 17.8%. The ex-dividend date is Tuesday, March 17th. Blackrock Tcp Capital’s dividend payout ratio (DPR) is currently -95.24%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Blackrock Tcp Capital in the third quarter valued at about $25,000. Sound Income Strategies LLC raised its holdings in Blackrock Tcp Capital by 188.7% in the 4th quarter. Sound Income Strategies LLC now owns 5,072 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 3,315 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in Blackrock Tcp Capital in the 2nd quarter valued at approximately $30,000. MTM Investment Management LLC bought a new stake in shares of Blackrock Tcp Capital in the 2nd quarter worth approximately $46,000. Finally, Blue Trust Inc. acquired a new stake in shares of Blackrock Tcp Capital during the 4th quarter worth approximately $59,000.

Blackrock Tcp Capital News Roundup

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

• Neutral Sentiment: Short?interest data appears unreliable / unchanged in recent reports (records show 0 shares short with a 0.0 days ratio), suggesting no clear short?seller pressure is evident from the published figures.
• Negative Sentiment: A surge of class?action notices and law?firm announcements say lawsuits have been filed or are being solicited against TCPC for alleged securities fraud covering Nov. 6, 2024–Jan. 23, 2026; lead?plaintiff deadline is April 6, 2026 — increases litigation risk and can pressure the share price. Glancy Prongay Wolke & Rotter LLP notice Rosen Law Firm notice
• Negative Sentiment: Report that BlackRock (TCP sponsor) wrote down a second private loan to zero — a direct credit loss that raises concerns about asset quality and future portfolio write?downs for TCPC. This type of loss is a primary driver of investor worry. Seeking Alpha: loan write?down
• Negative Sentiment: An analyst firm issued an “Underperform” rating on TCPC, which can increase selling pressure and reduce appetite among institutional investors. Analyst rating report

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.