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BlackRock TCP Capital Corp. (TCPC)

Financial Services | Asset Management | Santa Monica, United States | NasdaqGS
4.12 USD -0.01 (-0.242%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 4.13 +0.01 (0.150%) ⇧ (Aug. 28, 2026, 7:49 p.m. EDT)

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 2:17 a.m. EDT

The long-term investment case is severely compromised by a brutal multi-year decline; the asset has lost over half its value in nine years, with four consecutive years of negative annual returns ending recently. This persistent downward trajectory suggests the market has correctly identified deteriorating fundamentals, specifically negative earnings and shrinking revenue, making it a value trap rather than a bargain. While the current yield appears attractive at nearly 19%, it is largely a function of the depressed share price and is not sustainable given the company's negative earnings and high debt load relative to equity. The short-term outlook remains bearish as the price is still far below its 200-day average, and options activity confirms that traders are betting on continued weakness rather than a recovery.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.077885
MSTL0.080761
AutoTheta0.099844
AutoARIMA0.156605

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 36%
H-stat 11.37
Ljung-Box p 0.000
Jarque-Bera p 0.027
Excess Kurtosis -0.91
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-15
Last Dividend Date 2026-06-15
Debt to Equity Ratio 164.958
Revenue per Share 2.095
Market Cap 345,679,424
Forward P/E 9.93
Beta 1.01
Profit Margins -61.27%
Website https://www.tcpcapital.com

As of Aug. 22, 2026, 2:17 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes at $2.50) compared to calls. Implied volatility is significantly elevated for put options relative to calls, indicating a market consensus expecting further price weakness rather than a rebound.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
4.89% 18.40% 16.72% 14.13%
Dividend History
Date Dividend Yield %
2026-06-16 0.17 4.885057
2026-03-17 0.17 4.815864
2025-12-17 0.25 4.385965
2025-09-16 0.29 4.315476
2025-06-16 0.29 3.983516
2025-03-17 0.29 3.746770
2024-12-17 0.44 5.028571
2024-09-16 0.34 3.921569
2024-06-14 0.34 3.192488
2024-03-13 0.34 3.288201
2023-12-14 0.59 4.966330
2023-09-14 0.44 3.630363
2023-06-15 0.34 3.052065
2023-03-16 0.32 3.171457
2022-12-28 0.05 0.387597
2022-12-15 0.32 2.500000
2022-09-15 0.30 2.360346
2022-06-15 0.30 2.439024
2022-03-16 0.30 2.215657
2021-12-16 0.30 2.235469
2021-09-15 0.30 2.152080
2021-06-15 0.30 2.126152
2021-03-16 0.30 2.087683
2020-12-16 0.30 2.535926
2020-09-15 0.30 3.067485
2020-06-15 0.36 3.703704
2020-03-16 0.36 4.793608
2019-12-16 0.36 2.486188
2019-09-13 0.36 2.678572
2019-06-13 0.36 2.496533
2019-03-14 0.36 2.542373
2018-12-14 0.36 2.599278
2018-09-13 0.36 2.510460
2018-06-14 0.36 2.484472
2018-03-15 0.36 2.604920
2017-12-14 0.36 2.340702
2017-09-14 0.36 2.269861
2017-06-14 0.36 2.155689
2017-03-15 0.36 2.120141
2016-12-14 0.36 2.147971
2016-09-14 0.36 2.268431
2016-06-14 0.36 2.447315
2016-03-15 0.36 2.595530
2015-12-15 0.36 2.595530
2015-09-14 0.36 2.414487
2015-06-12 0.36 2.300320
2015-03-17 0.36 2.277040
2014-12-04 0.41 2.484848
2014-09-12 0.36 2.111437
2014-06-16 0.41 2.372685
2014-03-13 0.36 2.196461
2013-12-06 0.41 2.466907
2013-09-05 0.36 2.348337
2013-06-05 0.36 2.301790
2013-03-14 0.40 2.525253
2012-12-13 0.40 2.713704
2012-09-12 0.35 2.286087
2012-06-13 0.34 2.397743
Additional Data
dividendRate 0.76
dividendYield 18.4
exDividendDate 2026-09-16
trailingAnnualDividendRate 0.84
trailingAnnualDividendYield 0.20338982
lastDividendValue 0.17
lastDividendDate 2026-06-16
dividendDate 2026-09-30

Info Dump

Attribute Value
52 Week Change -0.42075735
Address1 2,951 28th Street
Address2 Suite 1000
All Time High 18.55
All Time Low 3.08
Ask 4.4
Ask Size 2
Average Daily Volume10 Day 733,790
Average Daily Volume3 Month 822,258
Average Volume 822,258
Average Volume10Days 733,790
Beta 1.005
Bid 2.97
Bid Size 2
Book Value 6.579
City Santa Monica
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 4.12
Current Ratio 13.215
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 4.1659
Day Low 4.1
Debt To Equity 164.958
Display Name BlackRock TCP Capital
Dividend Date 1,790,726,400
Dividend Rate 0.76
Dividend Yield 18.4
Earnings Call Timestamp End 1,786,032,000
Earnings Call Timestamp Start 1,786,032,000
Earnings Timestamp 1,786,019,400
Earnings Timestamp End 1,793,881,800
Earnings Timestamp Start 1,793,881,800
Ebitda Margins 0.0
Enterprise To Revenue 6.206
Enterprise Value 1,098,714,752
Eps Current Year 0.655
Eps Forward 0.415
Eps Trailing Twelve Months -1.28
Esg Populated 0
Ex Dividend Date 1,789,516,800
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 310 899 4950
Fifty Day Average 3.5248
Fifty Day Average Change 0.5951998
Fifty Day Average Change Percent 0.16886058
Fifty Two Week Change Percent -42.075737
Fifty Two Week High 7.28
Fifty Two Week High Change -3.1600003
Fifty Two Week High Change Percent -0.43406597
Fifty Two Week Low 3.08
Fifty Two Week Low Change 1.04
Fifty Two Week Low Change Percent 0.33766234
Fifty Two Week Range 3.08 - 7.28
Financial Currency USD
First Trade Date Milliseconds 1,333,546,200,000
Five Year Avg Dividend Yield 13.18
Forward Eps 0.415
Forward P E 9.927711
Free Cashflow 58,561,808
Full Exchange Name NasdaqGS
Fullday Change -0.0100002
Fullday Change Percent -0.242136
Fullday Price 4.1262
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 177,037,648
Has Pre Post Market Data 1
Held Percent Insiders 0.00368
Held Percent Institutions 0.27414
Implied Shares Outstanding 83,902,775
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,568,000
Last Dividend Value 0.17
Last Fiscal Year End 1,767,139,200
Long Business Summary BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, 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 in debt between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.
Long Name BlackRock TCP Capital Corp.
Market us_market
Market Cap 345,679,424
Market State CLOSED
Max Age 86,400
Message Board Id finmb_66337678
Most Recent Quarter 1,782,777,600
Net Income To Common -108,471,120
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 346,518,460
Number Of Analyst Opinions 3
Open 4.125
Operating Cashflow 399,704,928
Operating Margins 0.82799006
Payout Ratio 3.7778
Peg Ratio 0.91
Phone 310 566 1000
Post Market Change 0.0062003136
Post Market Change Percent 0.15049306
Post Market Price 4.1262
Post Market Time 1,787,960,951
Previous Close 4.13
Price Eps Current Year 6.2900763
Price Hint 4
Price To Book 0.62623495
Price To Sales Trailing12 Months 1.9525758
Profit Margins -0.6127
Quick Ratio 13.056
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0100002
Regular Market Change Percent -0.242136
Regular Market Day High 4.1659
Regular Market Day Low 4.1
Regular Market Day Range 4.1 - 4.1659
Regular Market Open 4.125
Regular Market Previous Close 4.13
Regular Market Price 4.12
Regular Market Time 1,787,947,200
Regular Market Volume 465,589
Return On Assets 0.05479
Return On Equity -0.16785
Revenue Growth -0.222
Revenue Per Share 2.095
Sand P52 Week Change 0.20504117
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 83,902,775
Shares Percent Shares Out 0.0572
Shares Short 4,797,002
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 5,563,731
Short Name BlackRock TCP Capital Corp.
Short Percent Of Float 0.0574
Short Ratio 6.05
Source Interval 15
State CA
Symbol TCPC
Target High Price 5.5
Target Low Price 3.5
Target Mean Price 4.33333
Target Median Price 4.0
Total Cash 157,546,656
Total Cash Per Share 1.878
Total Debt 910,581,952
Total Revenue 177,037,648
Tradeable 0
Trailing Annual Dividend Rate 0.84
Trailing Annual Dividend Yield 0.20338982
Trailing Eps -1.28
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 4.38995
Two Hundred Day Average Change -0.2699499
Two Hundred Day Average Change Percent -0.06149271
Type Disp Equity
Volume 465,589
Website https://www.tcpcapital.com
Zip 90,405