Blackrock Tcp Capital Corp. (NASDAQ:TCPC) Short Interest Up 22.0% in March

Blackrock Tcp Capital Corp. (NASDAQ:TCPC) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 5,144,286 shares, a growth of 22.0% from the February 26th total of 4,216,422 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily volume of 1,692,220 shares, the days-to-cover ratio is currently 3.0 days.

Blackrock Tcp Capital News Roundup

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

• Neutral Sentiment: Multiple law firms are reminding holders of an April 6, 2026 lead‑plaintiff deadline and encouraging investors who suffered losses during the alleged class period (Nov. 6, 2024–Jan. 23, 2026) to contact counsel — procedural activity that typically follows earnings/operational disclosures and can increase headline flow. Rosen Law Firm reminder
• Neutral Sentiment: Additional reminders from Rosen (PRNewswire) and other firms stress contingency‑fee arrangements and the opportunity to seek lead‑plaintiff status; these notices can increase trading volume but are procedural rather than new company disclosures. Rosen PR Newswire
• Neutral Sentiment: Several other firms (Faruqi & Faruqi; The Gross Law Firm) are issuing investor alerts about the same deadline and potential claims, further amplifying media attention around TCPC. Faruqi & Faruqi alert
• Negative Sentiment: Pomerantz LLP notifies investors that a class action has been filed against BlackRock TCP — a formal filing/notice elevates legal risk and distribution of potential claims. Pomerantz investor alert
• Negative Sentiment: Holzer & Holzer filed a shareholder class action alleging false/misleading statements and that the company understated unrealized losses and overstated net asset value (NAV) — these specific NAV/valuation allegations directly target a core BDC metric and could materially affect investor confidence and valuation if proven or if the company revises NAV. Holzer & Holzer lawsuit notice
• Negative Sentiment: Bernstein Liebhard LLP announces a securities fraud class action has been filed on behalf of purchasers during the class period — another active firm signaling multiple plaintiff groups and raising the prospect of consolidated litigation and legal costs. Bernstein Liebhard alert

Analyst Ratings Changes

A number of research analysts recently weighed in on TCPC shares. Wells Fargo & Company reduced their price objective 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, March 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Blackrock Tcp Capital in a report on Monday, December 29th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $3.50 price objective (down from $7.00) on shares of Blackrock Tcp Capital in a research note on Tuesday, March 3rd. Wall Street Zen cut Blackrock Tcp Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, 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. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus target price of $3.50.

Blackrock Tcp Capital Stock Performance

Blackrock Tcp Capital stock opened at $3.61 on Wednesday. Blackrock Tcp Capital has a fifty-two week low of $3.44 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.73, a quick ratio of 17.66 and a current ratio of 17.66. The stock has a market cap of $304.43 million, a P/E ratio of -3.44 and a beta of 0.91. The firm’s fifty day moving average price is $4.41 and its 200-day moving average price is $5.33.

Blackrock Tcp Capital (NASDAQ:TCPC) last announced its earnings results 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 company had revenue of $43.92 million during the quarter, compared to analysts’ expectations of $46.99 million. On average, equities research analysts expect that Blackrock Tcp Capital will post 1.65 earnings per share for the current fiscal year.

Blackrock Tcp Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 18.8%. Blackrock Tcp Capital’s dividend payout ratio is -64.76%.

Insider Buying and Selling at Blackrock Tcp Capital

In other Blackrock Tcp Capital news, COO Patrick Wolfe bought 6,850 shares of Blackrock Tcp Capital stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $3.65 per share, for a total transaction of $25,002.50. Following the completion of the purchase, the chief operating officer directly owned 16,086 shares of the company’s stock, valued at approximately $58,713.90. This trade represents a 74.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by insiders.

Institutional Trading of Blackrock Tcp Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in Blackrock Tcp Capital during the 3rd quarter valued at about $25,000. Sound Income Strategies LLC grew its holdings in shares of Blackrock Tcp Capital by 188.7% in the fourth quarter. Sound Income Strategies LLC now owns 5,072 shares of the investment management company’s stock worth $29,000 after purchasing an additional 3,315 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Blackrock Tcp Capital in the third quarter worth $65,000. Blue Trust Inc. purchased a new position in shares of Blackrock Tcp Capital in the fourth quarter worth $59,000. Finally, Creative Planning bought a new stake in Blackrock Tcp Capital during the 2nd quarter valued at $85,000.

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.