Blackrock Tcp Capital (NASDAQ:TCPC) COO Buys $25,002.50 in Stock

Blackrock Tcp Capital Corp. (NASDAQ:TCPC) COO Patrick Wolfe bought 6,850 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $3.65 per share, with a total value of $25,002.50. Following the transaction, the chief operating officer owned 16,086 shares in the company, valued at $58,713.90. The trade was a 74.17% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Patrick Wolfe also recently made the following trade(s):

• On Friday, March 13th, Patrick Wolfe purchased 2,075 shares of Blackrock Tcp Capital stock. The stock was purchased at an average price of $3.65 per share, for a total transaction of $7,573.75.

Blackrock Tcp Capital Stock Performance

Shares of TCPC traded down $0.11 during mid-day trading on Tuesday, reaching $3.53. 2,467,726 shares of the company’s stock traded hands, compared to its average volume of 1,253,628. The company has a debt-to-equity ratio of 1.73, a quick ratio of 17.66 and a current ratio of 17.66. The business’s 50-day moving average price is $4.86 and its 200-day moving average price is $5.60. The stock has a market capitalization of $297.68 million, a P/E ratio of -3.36 and a beta of 0.91. Blackrock Tcp Capital Corp. has a 12 month low of $3.47 and a 12 month high of $8.11.

Blackrock Tcp Capital (NASDAQ:TCPC) last posted its earnings results on Friday, February 27th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $27.13 million during the quarter, compared to analyst estimates of $46.99 million. Blackrock Tcp Capital had a negative net margin of 44.07% and a positive return on equity of 15.06%. Equities analysts predict that Blackrock Tcp Capital Corp. will post 1.65 earnings per share for the current year.

Blackrock Tcp Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 19.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Blackrock Tcp Capital’s dividend payout ratio (DPR) is -95.24%.

Hedge Funds Weigh In On Blackrock Tcp Capital

Several large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in shares of Blackrock Tcp Capital in the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC boosted its holdings in Blackrock Tcp Capital by 188.7% during the fourth quarter. Sound Income Strategies LLC now owns 5,072 shares of the investment management company’s stock worth $29,000 after buying an additional 3,315 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in Blackrock Tcp Capital in the second quarter worth approximately $30,000. MTM Investment Management LLC bought a new position in shares of Blackrock Tcp Capital in the second quarter valued at $46,000. Finally, Blue Trust Inc. acquired a new stake in shares of Blackrock Tcp Capital during the 4th quarter valued at $59,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Blackrock Tcp Capital in a research report on Monday, December 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $3.50 price target (down from $7.00) on shares of Blackrock Tcp Capital in a research note on Tuesday, March 3rd. Zacks Research cut shares of Blackrock Tcp Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Blackrock Tcp Capital from $5.50 to $3.50 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Finally, Wall Street Zen cut Blackrock Tcp Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Blackrock Tcp Capital currently has an average rating of “Strong Sell” and a consensus target price of $3.50.

More Blackrock Tcp Capital News

Here are the key news stories impacting Blackrock Tcp Capital this week:

• Positive Sentiment: COO insider buying: Multiple SEC Form 4 filings show COO Patrick Wolfe bought shares on March 13 at about $3.65 per share, increasing his reported holdings. Insider purchases can be viewed as a signal of management confidence and may support the stock. SEC Form 4
• Neutral Sentiment: Short interest appears immaterial: recent data notes effectively zero reported short interest and a 0.0 days-to-cover figure, suggesting limited short-seller pressure currently (this reduces the likelihood of a short squeeze or additional selling driven by shorts).
• Negative Sentiment: Multiple law firms issued shareholder alerts and class-action notices (Mar 15–17) regarding an alleged securities class action covering purchases between Nov 6, 2024 and Jan 23, 2026; firms (e.g., Faruqi & Faruqi, Bernstein Liebhard, Rosen, Bronstein, Portnoy, others) are soliciting lead-plaintiff candidates and reminding investors of early-April/March deadlines. The surge in litigation notices raises legal risk, potential defense costs and settlement exposure, which likely contributed to downward pressure on the stock. TCPC Shareholder Action Reminder — Faruqi & Faruqi

Blackrock Tcp Capital Company Profile

BlackRock TCP Capital Corp is a publicly traded business development company (BDC) listed on the NASDAQ under the ticker TCPC. Externally managed by BlackRock, the firm provides customized financing solutions to U.S. middle-market companies, with a focus on sponsor-backed transactions. Its core strategy centers on delivering current income and capital appreciation through a diversified portfolio of debt and equity investments across a variety of sectors, including consumer products, healthcare, business services and industrials.

Since its initial public offering in 2013, BlackRock TCP Capital has partnered with private equity sponsors to underwrite and structure senior secured first-lien loans, second-lien loans, mezzanine debt and select equity co-investments.