TCPC Stock Summary and Trading Ideas (Blackrock Tcp Capital Corp. - Closed End | NASDAQ:TCPC)

BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.

Blackrock Tcp Capital Corp. - Closed End trades on the NASDAQ stock market under the symbol TCPC.

As of March 3, 2025, TCPC stock price declined to $8.22 with 1,081,062 million shares trading.

TCPC has a beta of 0.53, meaning it tends to be less sensitive to market movements. TCPC has a correlation of 0.07 to the broad based SPY ETF.

TCPC has a market cap of $703.56 million. This is considered a Small Cap stock.

Last quarter Blackrock Tcp Capital Corp. - Closed End reported $61 million in Revenue and $.36 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.01.

In the last 3 years, TCPC traded as high as $14.52 and as low as $7.71.

The top ETF exchange traded funds that TCPC belongs to (by Net Assets): BIZD, KBWD, VPC, ORR.

TCPC has underperformed the market in the last year with a price return of -5.0% while the SPY ETF gained +15.2%. However, in the short term, TCPC had mixed performance relative to the market. It has outperformed in the last 3 months, returning -2.1% vs -3.0% return in SPY. But in the last 2 weeks, TCPC shares have been beat by the market, returning -12.6% compared to an SPY return of -4.3%.

TCPC support price is $8.31 and resistance is $8.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TCPC shares will trade within this expected range on the day.