BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million. It prefers to make equity investments in companies for an ownership stake.
IPO Year: 2012
Exchange: NASDAQ
Website: tcpcapital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/26/2024 | $8.50 → $8.00 | Equal Weight → Underweight | Wells Fargo |
| 8/8/2024 | Buy → Neutral | Ladenburg Thalmann | |
| 3/6/2024 | $13.00 → $11.00 | Outperform → Perform | Oppenheimer |
| 3/1/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/1/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/25/2021 | $14.50 → $14.25 | Equal-Weight | Wells Fargo |
| 8/3/2021 | $14.00 → $14.50 | Equal-Weight | Wells Fargo |
BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ:TCPC), today announced its financial results for the first quarter ended March 31, 2025 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended March 31, 2025 was $32.2 million, or $0.38 per share on a diluted basis, which exceeded the regular dividend of $0.25 per share and special dividend of $0.04 per share on March 31, 2025. Excluding amortization of purchase discount recorded in connection with the Merger(1), adjusted net investment income(1) for the quarter ended March 31,
BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time) on Thursday, May 8, 2025, to discuss its financial results. All interested parties are invited to participate in the conference call by dialing (833) 470-1428; international callers should dial (404) 975-4839. All participants should reference the access code 912158. The conference call will be webcast simultaneously in the investor relations section of TCPC's websi
BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ:TCPC), today announced its financial results for the fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended December 31, 2024 was $33.8 million, or $0.40 per share on a diluted basis, which exceeded the regular dividend of $0.34 per share paid on December 31, 2024. Excluding amortization of purchase discount recorded in connection with the Merger(1), adjusted net investment income(1) for the quarter ended December 31, 2024 was $
BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, February 27, 2025, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, February 27, 2025, to discuss its financial results. All interested parties are invited to participate in the conference call by dialing (833) 470-1428; international callers should dial (404) 975-4839. All participants should reference the access code 840439. The conference call will be webcast simultaneously in the investor
Net Investment Income of $0.40 Per Share; Declares Fourth Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.10 Per Share; 50 Consecutive Quarters of Dividend Coverage BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ:TCPC), today announced its financial results for the third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended September 30, 2024 was $33.9 million, or $0.40 per share on a diluted basis, which exceeded the regular dividend of $0.34 per share paid on September 30
BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that it will report its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Wednesday, November 6, 2024, to discuss its financial results. All interested parties are invited to participate in the conference call by dialing (833) 470-1428; international callers should dial (404) 975-4839. All participants should reference the access code 846824. The conference call will be webcast simultaneously in the investor relations section
KBRA assigns issuer and senior unsecured debt ratings of BBB- to BlackRock TCP Capital Corp. (NASDAQ:TCPC, the company", ))). The rating Outlook is Stable. Key Credit Considerations The ratings are supported by TCPC's ties to BlackRock, Inc.'s (NYSE:BLK) $86 billion credit platform, of which $35 billion is principally dedicated to private middle market direct lending. BLK, with $10.6 trillion in assets under management, is one of the largest investment managers in the world. Since 2000, the credit platform has invested capital totaling more than $41 billion in 1,025 transactions, sourcing investments through an extensive network of industry and sponsor contacts. The BlackRock platform con
BlackRock TCP Capital Corp. (NASDAQ:TCPC) today announced the following leadership transitions effective November 6, 2024: Chairman of the Board and Chief Executive Officer Rajneesh Vig will resign his position as Chairman of the Board and CEO and will continue to serve on the Company's Board of Directors until January 31, 2025 to ensure a smooth transition. Raj Vig made the decision to step back from those roles and to pursue other opportunities outside of BlackRock, Inc. President Phil Tseng will succeed Raj Vig as Chairman of the Board of Directors and Chief Executive Officer. He has also been named Co-Chief Investment Officer. Chief Operating Officer Jason Mehring will assume the
BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ:TCPC), today announced its financial results for the second quarter ended June 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter ended June 30, 2024 was $35.8 million, or $0.42 per share on a diluted basis, which exceeded the regular dividend of $0.34 per share paid on June 28, 2024. Excluding amortization of purchase discount recorded in connection with the Merger(1), adjusted net investment income(1) for the quarter ended June 30, 2024 was $32.1 million, or $0.38 pe
BlackRock TCP Capital Corp. (NASDAQ:TCPC) announced today that it will report its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Wednesday, August 7, 2024, to discuss its financial results. All interested parties are invited to participate in the conference call by dialing (833) 470-1428; international callers should dial (404) 975-4839. All participants should reference the access code 570726. The conference call will be webcast simultaneously in the investor relations section of TC
Wells Fargo downgraded BlackRock TCP Capital from Equal Weight to Underweight and set a new price target of $8.00 from $8.50 previously
Ladenburg Thalmann downgraded BlackRock TCP Capital from Buy to Neutral
Oppenheimer downgraded BlackRock TCP Capital from Outperform to Perform and set a new price target of $11.00 from $13.00 previously
JMP Securities downgraded BlackRock TCP Capital from Mkt Outperform to Mkt Perform
Raymond James downgraded BlackRock TCP Capital from Outperform to Mkt Perform
Wells Fargo reiterated coverage of BlackRock TCP Capital with a rating of Equal-Weight and set a new price target of $14.25 from $14.50 previously
Wells Fargo reiterated coverage of BlackRock TCP Capital with a rating of Equal-Weight and set a new price target of $14.50 from $14.00 previously
JMP Securities resumed coverage of BlackRock TCP Capital with a rating of Outperform and set a new price target of $14.50
Raymond James upgraded BlackRock TCP Capital from Market Perform to Outperform and set a new price target of $14.00
JMP Securities initiated coverage of BlackRock TCP Capital with a rating of Outperform and set a new price target of $14.50