Blackrock Tcp Capital (NASDAQ:TCPC) Receives Underperform Rating from Keefe, Bruyette & Woods

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

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

Blackrock Tcp Capital Price Performance

Shares of NASDAQ:TCPC opened at $3.97 on Tuesday. The firm has a market capitalization of $334.79 million, a PE ratio of -3.78 and a beta of 0.91. The company has a current ratio of 14.55, a quick ratio of 14.55 and a debt-to-equity ratio of 1.42. Blackrock Tcp Capital has a 1-year low of $3.83 and a 1-year high of $8.36. The business’s 50 day moving average is $5.16 and its 200-day moving average is $5.81.

Blackrock Tcp Capital (NASDAQ:TCPC) last issued its 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 firm had revenue of $27.13 million during the quarter, compared to analyst estimates of $46.99 million. Blackrock Tcp Capital had a negative net margin of 44.07% and a positive return on equity of 14.28%. Sell-side analysts predict that Blackrock Tcp Capital will post 1.65 earnings per share for the current year.

Blackrock Tcp Capital Cuts Dividend

The company 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. The ex-dividend date is Tuesday, March 17th. This represents a $0.68 dividend on an annualized basis and a yield of 17.1%. Blackrock Tcp Capital’s payout ratio is -95.24%.

Institutional Trading of Blackrock Tcp Capital

Several hedge funds have recently modified their holdings of the company. Next Capital Management LLC grew its stake in shares of Blackrock Tcp Capital by 111.6% during the third quarter. Next Capital Management LLC now owns 2,401,416 shares of the investment management company’s stock valued at $14,889,000 after purchasing an additional 1,266,590 shares during the last quarter. Marshall Wace LLP acquired a new position in Blackrock Tcp Capital during the 2nd quarter worth $4,045,000. Invesco Ltd. lifted its holdings in Blackrock Tcp Capital by 36.8% during the 3rd quarter. Invesco Ltd. now owns 1,947,348 shares of the investment management company’s stock worth $12,074,000 after buying an additional 524,139 shares in the last quarter. North Ground Capital bought a new position in Blackrock Tcp Capital in the 3rd quarter valued at $3,100,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Blackrock Tcp Capital in the 3rd quarter valued at $1,643,000.

Key Headlines Impacting Blackrock Tcp Capital

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

• Neutral Sentiment: Q4 2025 earnings call transcript is available for review — may be useful for investors assessing management commentary and financials but not itself new negative news. Earnings Transcript
• Neutral Sentiment: Short-interest postings in the feed show zero/NaN values and inconsistent days-to-cover calculations — data appears unreliable and should not be treated as a clear short-squeeze signal.
• Negative Sentiment: Multiple securities class-action notices and law-firm solicitations have been issued (Rosen, Pomerantz, Bernstein Liebhard, Gross, Faruqi & Faruqi), all pointing to the same alleged class period and the April 6, 2026 lead-plaintiff deadline — escalating perceived litigation risk, potential settlement exposure and legal costs for TCPC shareholders. Links: Rosen (Newsfile) Rosen Release, Pomerantz (GlobeNewswire) Pomerantz Release, Bernstein Liebhard (GlobeNewswire) Bernstein Release, Gross (PR Newswire) Gross Release, Faruqi (Newsfile) Faruqi Release.
• Negative Sentiment: Analyst pressure: Keefe, Bruyette & Woods reaffirmed an “underperform” rating and cut the price target to $3.50 (from $7.00), and Wells Fargo lowered its target to $3.50 and moved to underweight — both imply more downside vs. recent levels and reinforce selling pressure. Read more via Benzinga/Finviz links cited in reports. Analyst Note

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.