BlackRock TCP Capital Corp. (TCPC) Stock Price & Analysis
BlackRock TCP Capital Corp. (TCPC) closed at USD 4.15 on Wednesday, October 28, 2026, up 0.48% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 4.13; the Oct 28, 2026 session ranged USD 4.07–4.19 on volume of 707,659 shares. Market capitalization is $348.20M, with a 52-week range of USD 3.08–6.25 (NMS). Source: Nexqual, retrieved October 29, 2026 at 07:44 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TCPC.md
Key facts (TCPC)
- Analysts: Hold (mean 3.00 on a 1–5 scale) (4 analysts), mean target USD 4.5 (range 4–5.5).
- Total return with dividends: 1Y -13.6% vs S&P 500 +13.6%; 5Y -40.8% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.13, revenue estimate $27.5M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TCPC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $134M | -$9.2M | $38.5M | -$63.1M | -$88.9M | -$108M |
| EPS (diluted) | $2.32 | -$0.16 | $0.67 | -$0.79 | -$1.05 | — |
| Cash + short-term investments | $19.6M | $82.4M | $112M | $91.6M | $61.1M | — |
| Total debt | $1.01B | $944M | $985M | $1.12B | $1.04B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TCPC)
P/B 0.6x · Earnings yield -31.15% · Dividend yield (paid, TTM) 21.37% · Buyback yield (TTM) 1.60% · Net debt $753M · EV $1.10B
P/E at fiscal year-ends: Dec 2023 17.3x.
Analysts (TCPC)
Consensus Hold (mean 3.00 on a 1–5 scale), 4 analysts; mean target USD 4.5 (low 4, high 5.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | Wells Fargo | Upgrade | Underweight → Equal-Weight | $3.5 → $4 |
| 2026-08-10 | Keefe, Bruyette & Woods | Upgrade | Underperform → Market Perform | $3.5 → $4 |
Total return (dividends reinvested) (TCPC)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -13.6% | -40.8% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -13.7% | -9.9% |
| Volatility (annualized) | 39.2% | 29.3% |
| Max drawdown | -41.9% (Dec 2025→Jul 2026) | -60.0% (Jan 2024→Jul 2026) |
TCPC major shareholder filing: Schedule 13D, Oct 14, 2026
Saba Capital Management, L.P., Boaz R. Weinstein, Saba Capital Management GP, LLC filed a Schedule 13D with the SEC on Oct 14, 2026, reporting up to 5.11% of the class. A Schedule 13D is filed by an owner of more than 5% who may seek to influence the company. Item 4 (Purpose of Transaction), quoted from the filing:
The Reporting Persons acquired the Common Shares to which this Schedule 13D relates in the ordinary course of business for investment purposes because they believe that the Common Shares are undervalued and represent an attractive investment opportunity. The Reporting Persons may engage in discussions with management, the Board of Directors (the "Board"), other shareholders of the Issuer and other relevant parties, including representatives of any of the foregoing, concerning the Reporting Persons' investment in the Common Shares and the Issuer, including, without limitation, matters concerning the Issuer's business, operations, board appointments, governance, performance, management, capitalization, trading of the Common Shares at a discount to the Issuer's net asset value and strategic plans and matters relating to the open or closed end nature of the Issuer and timing of any potential liquidation of the Issuer. The Reporting Persons may exchange information with any persons pursuant to appropriate confidentiality or similar agreements or otherwise, work together with any persons pursuant to joint agreements or otherwise, propose changes in the Issuer's business, operations, board appointments, governance, management, capitalization, strategic plans or matters relating to the open or closed end nature of the Issuer or timing of any potential liquidation of the Issuer, or propose or engage in one or more other actions set forth herein. …
Source: SEC EDGAR, Schedule 13D filed Oct 14, 2026. Quoted word for word; Nexqual adds no interpretation.
TCPC earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 6, 2026 | Quarter ended Jun 30, 2026 | $0.22 | $0.20 | Beat +10.0% | +17.4% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | $0.22 | $0.20 | Beat +10.0% | -3.9% |
| Feb 27, 2026 | Quarter ended Dec 31, 2025 | $0.28 | $0.27 | Beat +3.7% | -8.9% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.32 | $0.30 | Beat +6.7% | +3.3% |
| Aug 7, 2025 | — | — | — | — | -1.8% |
| May 8, 2025 | — | — | — | — | +8.9% |
| Feb 27, 2025 | — | — | — | — | -9.6% |
| Nov 6, 2024 | — | — | — | — | +11.7% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
TCPC recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 14, 2026 | Schedule 13D | Saba Capital Management, L.P., Boaz R. Weinstein: 5.1% of shares, 5%+ holder that may seek to influence the company “The Reporting Persons acquired the Common Shares to which this Schedule 13D relates in the ordinary course of business for investment purposes because they believe that the Common Shares are undervalued and represent an attractive investment opportunity. The Reporting Persons…” |
| Sep 25, 2026 | 8-K | Director or executive officer change, or pay arrangement “Resignation of Patrick Wolfe as Chief Operating Officer of the Company On September 22, 2026, Patrick Wolfe informed BlackRock TCP Capital Corp. (the "Company") of his resignation from his position as Chief Operating Officer ("COO") of the Company, effective as of the close of business on December 18, 2026, to pursue other business opportunities outside of BlackRock, Inc. Mr. Wolfe's resignation is not the result of any disagreement with the Company or with BlackRock, Inc. Appointment of Dan Worrell as Chief…” |
| Sep 4, 2026 | 8-K | Director or executive officer change, or pay arrangement; Other material event “Resignation of Philip Tseng as Director, Board Chair, Chief Executive Officer, and Co-Chief Investment Officer of the Company On August 31, 2026, Philip Tseng resigned from his positions as a Director, Chair of the Board of Directors (the "Board"), Chief Executive Officer ("CEO"), and Co-Chief Investment Officer of BlackRock TCP Capital Corp. (the "Company"), BlackRock Private Credit Fund ("BDEBT") and BlackRock Direct Lending Corp. ("BDLC"), each effective as of the close of business on August 31, 2026, to pursue…” |
| Aug 6, 2026 | 8-K | Entered a material agreement; Completed an acquisition or sale of assets; Quarterly results; Regulation FD disclosure “On August 4, 2026, BlackRock TCP Capital Corp. (the "Company"), through its wholly-owned subsidiary Special Value Continuation Partners LLC, entered into a definitive agreement (the "Transaction Agreement") providing for the sale of 95% of the limited liability company interests in BlackRock DLF-C 2026, LLC (the "Continuation Vehicle"), to a group of investment funds and accounts managed by Pantheon Ventures (US) LP, and retained a 5% interest (the "Transaction"). The Transaction generated approximately $152…” |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
Companies that name TCPC in their SEC reports
| Relationship to TCPC | Company | Filing | Sentence |
|---|---|---|---|
| partner | NewtekOne, Inc. (NEWTG) | 10-K Mar 10, 2026 | “NCL JV was a 50/50 joint venture between Newtek Commercial Lending, Inc. (NCL) a wholly-owned subsidiary of NewtekOne, and Conventional Lending TCP Holding, LLC, a wholly-owned, indirect subsidiary of BlackRock TCP Capital Corp. (Nasdaq: TCPC).” |
TCPC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.13 | $0.20 | -38.3% | $27.5M | 4 |
| Next quarter (ends Dec 2026) | $0.10 | $0.20 | -48.8% | $19.7M | 4 |
| Current fiscal year (ends Dec 2026) | $0.66 | $0.82 | -19.9% | $129.4M | 4 |
| Next fiscal year (ends Dec 2027) | $0.42 | $0.71 | -41.0% | $82.0M | 4 |
TCPC options: expected move
Options price a move of about ±16.8% (±$0.71) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±8.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 54.2% | ±16.8% |
| Feb 19, 2027 | 114 | 37.3% | ±25.6% |
| May 21, 2027 | 205 | 46.0% | ±36.2% |
30-day implied volatility 37.5% vs 29.9% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 07:44 UTC)
| Price | USD 4.15 |
|---|---|
| Change | ▲ 0.48% (up) |
| Previous Close | USD 4.13 |
| Open | USD 4.08 |
| Day Range | USD 4.07 – 4.19 |
| 52-Week Range | USD 3.08 – 6.25 |
| Volume | 707,659 shares |
| Market Cap | $348.20M |
| Exchange | NMS |
Technical Analysis (TCPC)
Nexqual's technical model rates TCPC "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 29, 2026 at 07:44 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 55.07 (neutral) |
| vs SMA50 | Above (USD 4.05) |
| MACD | 0.02 (positive) |
Analyst Ratings (TCPC)
Wall Street analysts rate TCPC "Hold" based on 4 analysts, with a mean price target of USD 4.5 (range USD 4–5.5), per Nexqual as of October 29, 2026 at 07:44 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 4.5 |
| High Target | USD 5.5 |
| Low Target | USD 4 |
| Buy / Hold / Sell | 0 / 4 / 0 |
Earnings (TCPC)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.13 |
| Revenue Estimate | $27.51M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.22 vs est 0.2 ▲ beat |
| 2026-03-31 | USD 0.22 vs est 0.2 ▲ beat |
| 2025-12-31 | USD 0.28 vs est 0.27 ▲ beat |
| 2025-09-30 | USD 0.32 vs est 0.3 ▲ beat |
Source: Nexqual, October 29, 2026 at 07:44 UTC.
Financials & Fundamentals (TCPC)
| Total Revenue | $177.04M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -22.20% |
| Gross Margin | +100.00% |
| Operating Margin | +82.80% |
| Profit Margin | -61.27% |
| ROE | -16.79% |
| Debt / Equity | 1.65 |
| Current Ratio | 13.22 |
| Total Cash | $157.55M |
| Total Debt | $910.58M |
Source: Nexqual, October 29, 2026 at 07:44 UTC.
Financial Health Score (TCPC)
Nexqual rates BlackRock TCP Capital Corp.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 07:44 UTC.
| Growth | Critical — Revenue -22% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Operating margin 83% |
| Balance Sheet | Weak — $158M cash and investments vs $911M debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $155M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -20%, ROA -7.3% (last 4 quarters, SEC) |
Ownership (TCPC)
| Insider Ownership | +0.37% |
|---|---|
| Institutional Ownership | +33.57% |
| Shares Outstanding | 83.90M |
| Short % of Float | +6.93% |
Source: Nexqual, October 29, 2026 at 07:44 UTC.
Leadership (TCPC)
BlackRock TCP Capital Corp. is led by Jason A. Mehring, Chairman & CEO, per Nexqual as of October 29, 2026 at 07:44 UTC.
| Chairman & CEO | Jason A. Mehring |
|---|---|
| President | Dan Worrell |
| CFO & Treasurer | Erik L. Cuellar |
| Chief Operating Officer | Patrick Wolfe |
| Managing Director | Robert G. DiPaolo |
Major Backers & Investors (TCPC)
Notable institutional backers of BlackRock TCP Capital Corp. include Next Capital Management, LLC, UBS Group AG, Invesco, according to Nexqual as of October 29, 2026 at 07:44 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Next Capital Management, LLC | 3.73% |
| UBS Group AG | 3.12% |
| Invesco | 2.83% |
| Van Eck Associates Corporation | 2.5% |
| VanEck ETF Trust-VanEck BDC Income ETF | 1.79% |
| Victory Capital Management Inc. | 1.61% |
| Victory Portfolios IV-Victory Pioneer Multi-Asset Income Fund | 1.61% |
| Ares Management LLC | 1.26% |
Source: Nexqual, October 29, 2026 at 07:44 UTC.
From BlackRock TCP Capital Corp.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- The SBIC license allows us to borrow funds from the SBA against eligible investments.
Partnerships
- The Company has entered into an investment management agreement with the Advisor, under which the Advisor, subject to the overall supervision of our Board of Directors, manages the day-to-day operations and provides investment advisory services to the Company.
- Prior to August 1, 2018, SVCP was regulated as a BDC and was also party to an investment management agreement with the Advisor.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in legal, tax and regulatory regimes could negatively impact our business, financial condition and earnings.
- The SBIC is subject to SBA regulations, and any failure to comply with SBA regulations could have an adverse effect on our operations.
- The SBA regulations currently limit the dollar amount of SBA-guaranteed debentures that can be issued by any one SBIC to $175.0 million or to a group of SBICs under common control to $350.0 million.
- We and the Advisor may be a party to legal proceedings in connection with our investments in our portfolio companies.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.2 | ▲ 0.39% |
| PDI | PIMCO Dynamic Income Fund | USD 14.1 | ▲ 0.21% |
| VCTR | Victory Capital Holdings, Inc. | USD 111.87 | ▲ 1.12% |
| AMG | Affiliated Managers Group, Inc. | USD 393.24 | ▲ 0.32% |
| SEIC | SEI Investments Company | USD 103.2 | ▲ 0.31% |
| IVZ | Invesco Ltd | USD 28.68 | ▲ 0.88% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:44 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt