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

Blackrock Tcp Capital (NASDAQ:TCPC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reiterated an “underperform” rating and set 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 reduced their price objective on Blackrock Tcp Capital from $5.50 to $3.50 and set an “underweight” rating for the company in a research report on Monday, March 2nd. Zacks Research downgraded Blackrock Tcp Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Blackrock Tcp Capital in a research note on Monday, December 29th. One investment 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 stock currently has a consensus rating of “Strong Sell” and an average target price of $3.50.

Blackrock Tcp Capital Price Performance

Shares of NASDAQ:TCPC opened at $3.82 on Friday. The company has a market cap of $322.14 million, a PE ratio of -3.64 and a beta of 0.91. Blackrock Tcp Capital has a fifty-two week low of $3.82 and a fifty-two week high of $8.36. The firm has a 50-day simple moving average of $5.07 and a 200 day simple moving average of $5.75. The company has a quick ratio of 17.66, a current ratio of 17.66 and a debt-to-equity ratio of 1.73.

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

Hedge Funds Weigh In On Blackrock Tcp Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Next Capital Management LLC raised its stake in shares of Blackrock Tcp Capital by 111.6% in the 3rd quarter. Next Capital Management LLC now owns 2,401,416 shares of the investment management company’s stock worth $14,889,000 after buying an additional 1,266,590 shares in the last quarter. Marshall Wace LLP bought a new position in Blackrock Tcp Capital during the second quarter valued at about $4,045,000. Invesco Ltd. boosted its stake in Blackrock Tcp Capital by 36.8% during the third quarter. Invesco Ltd. now owns 1,947,348 shares of the investment management company’s stock valued at $12,074,000 after buying an additional 524,139 shares in the last quarter. North Ground Capital acquired a new position in Blackrock Tcp Capital during the third quarter worth about $3,100,000. Finally, Alpine Global Management LLC bought a new stake in Blackrock Tcp Capital in the third quarter worth about $1,643,000.

Key Blackrock Tcp Capital News

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

About Blackrock Tcp Capital

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.