Blackrock TCP Capital Corp. announced a director or officer change
SEC 8-KRead source ↗
Blackrock TCP Capital Corp. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$3.8
Forward price-to-earnings vs peers
Base case. Range ~$3.2–$5.0. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Blackrock TCP Capital Corp. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders4 buying, 0 selling7 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
- Funds62 adding, 50 cuttingOf 12 active managers that changed their stake, 5 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 10% in the quarter to 2026-06-30, the 4th beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
Things to watch
- Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
- Short interest rising. Shares sold short rose 19% in a month to 6.9% of tradable shares.
- Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 41.0% over 90 days.
- Earnings expected to fall. The consensus expects earnings per share to fall 36% next year.
Latest results
- Earnings per share
- $0.22 against an average estimate of $0.20: beat by 10.0%
- Share reaction
- +17.4% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
- Next report
- November 5, 2026; average EPS estimate $0.13
Price chart
- 1 day+2.4%
- 1 week+9.5%
- 1 month+7.5%
- This year-10.0%
- 1 year-9.5%
- 5 years-38.8%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 6, 2026
- Next results (est.)
- November 5, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Leadership
- Leadership
Blackrock TCP Capital Corp. announced a director or officer change; disclosed a material event
SEC 8-KRead source ↗ - Results
Blackrock TCP Capital Corp. entered a material agreement; completed an acquisition or disposal; reported results; made a public disclosure
SEC 8-KRead source ↗
Valuation models
We value Blackrock TCP Capital Corp. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$3.8 ~$3.2–$5.0 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$3.8 ~$3.2–$5.0 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Blackrock TCP Capital Corp. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 5, 2026, before the open. Analysts expect revenue of $28m and EPS of $0.13 (range $0.09 to $0.15) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.66 | −49% | $129m | −36% |
| Next | $0.42 | −36% | $82m | −37% |
Next year's EPS estimate has moved −41.0% in 90 days, across 4 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −19.9% on 90 days ago. In the last 30 days, 0 analysts raised Blackrock TCP Capital Corp.'s forecast and 4 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.82 | $0.71 |
| 60 days ago | $0.66 | $0.41 |
| 30 days ago | $0.66 | $0.41 |
| 7 days ago | $0.66 | $0.41 |
| Now | $0.66 | $0.42 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.20 | $0.22 | +10.0% |
| Mar 2026 | $0.20 | $0.22 | +10.0% |
| Dec 2025 | $0.27 | $0.28 | +4.7% |
| Sept 2025 | $0.30 | $0.32 | +6.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 6.9% of tradable shares
- Days to cover
- 7.36 at average volume
- Short interest, 1 month
- +19% to October 15, 2026
- Held by institutions
- 34% of shares
- Held by insiders
- 0.4% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| TCPC | +31% | +6% | +3% | −12% | −26% | −10% |
| Industry peers (median) | +33% | −17% | +19% | +15% | −4% | −6% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| TCPC | 75% | 67% | 58% | 33% | 42% | 46% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| TCPC | −8% | −22% | −25% | −28% | −35% | −42% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 69% from February 20, 2020 to March 18, 2020. Getting back needed a 223% gain, reached on March 1, 2021, 348 days after the low.
Price behaviour
- 52-week range
- $3.00 – $5.15
- From 52-week high
- −17.0%
- vs 50-day average
- +6.9%
- vs 200-day average
- +14.9%
- Volatility (1 year)
- 39%
- Beta vs S&P 500
- 0.80
Share price after results
- Next day
- 6 up, 6 down typical move ±7.3%
- After a week
- 6 up, 6 down typical move ±9.4%
- After a month
- 7 up, 5 down typical move ±12.5%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 6, 2026 | +17.4% | +0.5% | +20.3% | +16.3% |
| May 7, 2026 | −3.9% | +0.5% | −1.8% | −16.1% |
| February 27, 2026 | −8.9% | −0.4% | −15.3% | −17.7% |
| November 6, 2025 | +3.3% | −1.0% | +5.3% | +10.7% |
| August 7, 2025 | −1.8% | +0.7% | −0.7% | +0.8% |
| May 8, 2025 | +8.9% | +0.6% | +16.8% | +20.3% |
| February 27, 2025 | −9.6% | −0.1% | −13.0% | −11.3% |
| November 6, 2024 | +11.7% | +3.3% | +13.7% | +20.4% |
| August 7, 2024 | −8.2% | +1.6% | −11.8% | −8.4% |
| May 1, 2024 | +2.1% | +0.6% | +4.4% | +9.9% |
| February 29, 2024 | −5.5% | +1.3% | −6.2% | −5.8% |
| November 2, 2023 | +6.6% | +2.8% | +3.9% | +12.1% |
Fundamentals
Who owns it
Funds buying and selling- Reported value
- $73.3M
- Institutions reporting
- 114
- Shares held vs prior quarter
- ▲ 2.7%
- Positions opened / closed
- 25 / 27
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Next Capital Management LLC | $10.5M | 3.1M | 14.3% | ▲ 2.6% |
| UBS Group AG | $8.8M | 2.6M | 12.0% | ▲ 18.5% |
| Invesco Ltd. | $8M | 2.4M | 10.9% | 0.0% |
| Van Eck Associates Corp | $7M | 2.1M | 9.6% | ▲ 65.5% |
| Victory Capital Management Inc | $4.5M | 1.4M | 6.2% | ▲ 61.1% |
| Ares Management LLC | $3.5M | 1.1M | 4.8% | ▲ 93.5% |
| Transcend Capital Advisors, LLC | $3M | 899K | 4.1% | ▼ 30.7% |
| Morgan Stanley | $2.7M | 807K | 3.7% | ▲ 6.3% |
| Callodine Capital Management, LP | $2.4M | 702K | 3.2% | ▲ 85.9% |
| Legal & General Group PLC | $2.2M | 669K | 3.1% | ▲ 0.5% |
| Barings LLC | $2M | 592K | 2.7% | ▲ 4.7% |
| Blackrock, Inc. | $1.5M | 458K | 2.1% | ▲ 1.1% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Blackrock TCP Capital Corp.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $370,021 7 trades by 4 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $370,021 net buying
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Wolfe Patrick Chief Operating Officer | March 13, 2026 | Buy | 1,375 | $3.65 | $5,019 |
| Wolfe Patrick Chief Operating Officer | March 13, 2026 | Buy | 6,850 | $3.65 | $25,002 |
| Wolfe Patrick Chief Operating Officer | March 13, 2026 | Buy | 700 | $3.65 | $2,555 |
| Worrell August Daniel Co-Chief Investment Officer | March 10, 2026 | Buy | 40,000 | $3.75 | $150,000 |
| Mehring Jason President | March 6, 2026 | Buy | 6,500 | $3.86 | $25,090 |
| Worrell August Daniel Co-Chief Investment Officer | March 6, 2026 | Buy | 40,000 | $3.89 | $155,600 |
| Cuellar Erik L. CFO | March 6, 2026 | Buy | 1,750 | $3.86 | $6,755 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced
- August 6, 2026
- May 7, 2026
- February 27, 2026
- November 6, 2025
- August 7, 2025
- May 8, 2025
Recent SEC filings
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Blackrock TCP Capital Corp. in brief
- What does Blackrock TCP Capital Corp. do?
- Blackrock TCP Capital Corp. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
- What is Blackrock TCP Capital Corp.'s stock ticker?
- Blackrock TCP Capital Corp. trades under the ticker TCPC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Blackrock TCP Capital Corp.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Next Capital Management LLC, UBS Group AG and Invesco Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Blackrock TCP Capital Corp. stock?
- Over the last 12 months, Blackrock TCP Capital Corp.'s directors and officers reported 7 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
- When is Blackrock TCP Capital Corp.'s next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Blackrock TCP Capital Corp. announces its own schedule.
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