Alpine Global Management LLC Invests $1.64 Million in Blackrock Tcp Capital Corp. $TCPC

Alpine Global Management LLC acquired a new stake in Blackrock Tcp Capital Corp. (NASDAQ:TCPC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 265,030 shares of the investment management company’s stock, valued at approximately $1,643,000. Alpine Global Management LLC owned approximately 0.31% of Blackrock Tcp Capital at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TCPC. Next Capital Management LLC grew its holdings in Blackrock Tcp Capital by 111.6% during 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 acquiring an additional 1,266,590 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Blackrock Tcp Capital in the 2nd quarter valued at about $4,045,000. Invesco Ltd. raised its holdings in shares of Blackrock Tcp Capital by 36.8% in the 3rd quarter. Invesco Ltd. now owns 1,947,348 shares of the investment management company’s stock valued at $12,074,000 after purchasing an additional 524,139 shares in the last quarter. North Ground Capital purchased a new stake in shares of Blackrock Tcp Capital in the 3rd quarter worth approximately $3,100,000. Finally, Two Sigma Investments LP boosted its stake in shares of Blackrock Tcp Capital by 22.8% during the third quarter. Two Sigma Investments LP now owns 874,972 shares of the investment management company’s stock valued at $5,425,000 after purchasing an additional 162,651 shares in the last quarter.

Insider Activity at Blackrock Tcp Capital

In other news, COO Patrick Wolfe bought 6,850 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $3.65 per share, for a total transaction of $25,002.50. Following the acquisition, the chief operating officer directly owned 16,086 shares of the company’s stock, valued at $58,713.90. This trade represents a 74.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Blackrock Tcp Capital News Summary

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

• Positive Sentiment: COO insider buying: BlackRock TCP’s COO, Patrick Wolfe, disclosed purchases of company shares at roughly $3.65 on March 13 (SEC Form 4 filings), increasing his stake — a signal sometimes viewed as management confidence. SEC Form 4 disclosure
• Neutral Sentiment: Short interest data shows an anomalous report (0 shares, NaN change) — likely a data glitch; no clear short squeeze or build-up signal for now.
• Negative Sentiment: Widespread class‑action activity: Multiple plaintiffs’ firms have filed or are soliciting BlackRock TCP shareholders alleging securities fraud for purchases between Nov 6, 2024 and Jan 23, 2026. These filings raise potential litigation, settlement and reputational risk that can weigh on the stock. Representative notices: Rosen Law Firm. Rosen Law Firm notice
• Negative Sentiment: More firm solicitations & lead‑plaintiff deadlines: Several other firms (Faruqi & Faruqi, Gross Law Firm, Bernstein Liebhard, Bronstein Gewirtz Grossman, Portnoy, Levi & Korsinsky, etc.) have issued alerts or filed suits and are urging investors to act by March/April deadlines — increasing publicity and potential coordination among plaintiffs. Representative notices: Faruqi & Faruqi; Bernstein Liebhard; Portnoy Law Firm. Faruqi & Faruqi notice Bernstein Liebhard notice Portnoy Law Firm notice

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TCPC. Wall Street Zen lowered shares of Blackrock Tcp Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Blackrock Tcp Capital in a research report on Monday, December 29th. Zacks Research downgraded Blackrock Tcp Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Wells Fargo & Company decreased their price objective on Blackrock Tcp Capital from $5.50 to $3.50 and set an “underweight” rating for the company in a research note on Monday, March 2nd. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $3.50 price objective (down from $7.00) on shares of Blackrock Tcp Capital in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus target price of $3.50.

Blackrock Tcp Capital Stock Down 3.0%

TCPC stock opened at $3.53 on Wednesday. Blackrock Tcp Capital Corp. has a 52 week low of $3.47 and a 52 week high of $8.11. The company has a quick ratio of 17.66, a current ratio of 17.66 and a debt-to-equity ratio of 1.73. The firm has a 50-day simple moving average of $4.82 and a 200-day simple moving average of $5.58. The stock has a market capitalization of $297.68 million, a P/E ratio of -3.36 and a beta of 0.91.

Blackrock Tcp Capital (NASDAQ:TCPC) last posted its quarterly earnings data on Friday, February 27th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $27.13 million during the quarter, compared to analyst estimates of $46.99 million. Equities analysts forecast that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current fiscal year.

Blackrock Tcp Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, March 17th. This represents a $0.68 dividend on an annualized basis and a yield of 19.3%. Blackrock Tcp Capital’s dividend payout ratio (DPR) is presently -95.24%.

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.