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Upturn AI SWOT - About
TCPC 
BlackRock TCP Capital Corp (TCPC)
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Upturn Advisory Summary
06/30/2025: TCPC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
5 Analysts rated it
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Year Target Price $7.33
Year Target Price $7.33
| 0 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Under performing |
| 1 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -6.58% | Avg. Invested days 44 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 654.79M USD | Price to earnings Ratio - | 1Y Target Price 7.33 |
Price to earnings Ratio - | 1Y Target Price 7.33 | ||
Volume (30-day avg) 5 | Beta 1.09 | 52 Weeks Range 6.07 - 9.87 | Updated Date 06/30/2025 |
52 Weeks Range 6.07 - 9.87 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 13.09% | Basic EPS (TTM) -0.62 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -18.22% | Operating Margin (TTM) 88.19% |
Management Effectiveness
Return on Assets (TTM) 6.34% | Return on Equity (TTM) -5.45% |
Valuation
Trailing PE - | Forward PE 6.57 | Enterprise Value 1655320960 | Price to Sales(TTM) 2.52 |
Enterprise Value 1655320960 | Price to Sales(TTM) 2.52 | ||
Enterprise Value to Revenue 66.86 | Enterprise Value to EBITDA - | Shares Outstanding 85037800 | Shares Floating - |
Shares Outstanding 85037800 | Shares Floating - | ||
Percent Insiders 0.32 | Percent Institutions 24.12 |
Analyst Ratings
Rating 3 | Target Price 7.33 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 4 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
BlackRock TCP Capital Corp
Company Overview
History and Background
BlackRock TCP Capital Corp (TCPC) was founded in 2012 as a business development company (BDC) externally managed by TCP Capital LLC, which was acquired by BlackRock in 2018. It invests primarily in US middle-market companies.
Core Business Areas
- Direct Lending: Providing debt financing (senior secured loans, mezzanine debt) to middle-market companies. This segment is the core of their business model.
Leadership and Structure
BlackRock TCP Capital Corp is externally managed by BlackRock TCP Capital Advisors LLC. The key leaders include Howard T. Widra as Chairman and Erika Raber as the CEO. The organizational structure revolves around investment teams focused on deal origination, underwriting, and portfolio management.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Providing first-lien and second-lien senior secured loans to middle-market companies. Market share data specific to TCPC isn't publicly broken out. Competitors include Ares Capital Corporation, Main Street Capital, and Prospect Capital. Revenue from these loans makes up most of their income.
- Mezzanine Debt: Offering unsecured or subordinated debt financing to middle-market companies, often with equity components. Market share data specific to TCPC isn't publicly broken out. Competitors include Ares Capital Corporation, Main Street Capital, and Prospect Capital.
Market Dynamics
Industry Overview
The BDC industry is competitive, with numerous firms vying to provide capital to middle-market companies. Interest rate environments and economic conditions significantly impact BDCs.
Positioning
BlackRock TCP Capital Corp positions itself as a reliable provider of debt capital to middle-market firms, leveraging BlackRock's scale and expertise. Its competitive advantage lies in its access to BlackRock's resources and its established track record.
Total Addressable Market (TAM)
The TAM for middle-market lending is substantial, estimated in the hundreds of billions of dollars. BlackRock TCP Capital Corp targets a segment within this market. Positioned to capture a smaller portion.
Upturn SWOT Analysis
Strengths
- BlackRock's backing provides stability and access to capital
- Experienced management team
- Diversified portfolio of investments
- Strong track record in middle-market lending
Weaknesses
- External management structure can create conflicts of interest
- Sensitivity to interest rate fluctuations
- Dependence on the health of middle-market companies
- Smaller size compared to some larger BDCs
Opportunities
- Increased demand for private credit
- Expansion into new industries and geographies
- Strategic acquisitions
- Potential for higher yields in a rising interest rate environment
Threats
- Economic downturn impacting middle-market borrowers
- Increased competition from other BDCs and private credit funds
- Changes in regulations affecting BDCs
- Rising interest rates increasing borrowing costs for portfolio companies
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- PSEC
- TCRD
Competitive Landscape
BlackRock TCP Capital Corp faces competition from larger, more established BDCs and private credit funds. Its competitive advantage lies in its BlackRock affiliation, which provides access to capital and expertise. Disadvantages include its external management structure and smaller size compared to some competitors.
Growth Trajectory and Initiatives
Historical Growth: Need to access financial data from sec.gov to complete
Future Projections: Need to access financial data from sec.gov to complete
Recent Initiatives: Recent initiatives include focusing on originating and managing high-quality loans, growing capital base, and managing credit risk.
Summary
BlackRock TCP Capital Corp is a BDC benefiting from BlackRock's backing, focusing on middle-market lending. The external management and reliance on the middle market make it susceptible to economic downturns and potential conflicts of interest. Future growth depends on disciplined underwriting and managing risks. The company needs to be aware of growing competition in the BDC space.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Investor presentations
- Analyst reports
- SEC.gov
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BlackRock TCP Capital Corp
Exchange NASDAQ | Headquaters Santa Monica, CA, United States | ||
IPO Launch date 2012-04-04 | CEO, Co-Chief Investment Officer & Chairman Mr. Philip M. Tseng | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.tcpcapital.com |
Full time employees - | Website https://www.tcpcapital.com | ||
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 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.
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