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Upturn AI SWOT - About
TCPC 
BlackRock TCP Capital Corp (TCPC)
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Upturn Advisory Summary
08/28/2025: TCPC (1-star) is currently NOT-A-BUY. Pass it for now.
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
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $7.17
1 Year Target Price $7.17
| 0 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -13.01% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 608.01M USD | Price to earnings Ratio - | 1Y Target Price 7.17 |
Price to earnings Ratio - | 1Y Target Price 7.17 | ||
Volume (30-day avg) 5 | Beta 1.05 | 52 Weeks Range 6.07 - 9.02 | Updated Date 08/28/2025 |
52 Weeks Range 6.07 - 9.02 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 16.50% | Basic EPS (TTM) -0.1 |
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.3247 | Actual 0.32 |
Profitability
Profit Margin -4.98% | Operating Margin (TTM) 86.82% |
Management Effectiveness
Return on Assets (TTM) 6.06% | Return on Equity (TTM) -1.48% |
Valuation
Trailing PE - | Forward PE 10.07 | Enterprise Value 1673633024 | Price to Sales(TTM) 2.54 |
Enterprise Value 1673633024 | Price to Sales(TTM) 2.54 | ||
Enterprise Value to Revenue 434.41 | Enterprise Value to EBITDA - | Shares Outstanding 85036496 | Shares Floating - |
Shares Outstanding 85036496 | Shares Floating - | ||
Percent Insiders 0.32 | Percent Institutions 23.09 |
Upturn AI SWOT
BlackRock TCP Capital Corp
Company Overview
History and Background
BlackRock TCP Capital Corp (TCPC) was founded in 2012 as a specialty finance company focused on providing debt and equity financing to middle-market companies. It leverages the expertise and network of BlackRock and TCP Capital.
Core Business Areas
- Direct Lending: Origination and investment in senior secured loans, mezzanine debt, and equity securities of private middle-market companies.
- Investment Management: Management of the investment portfolio to generate current income and capital appreciation.
Leadership and Structure
Howard Levkowitz serves as Chairman and CEO. The management team comprises experienced professionals in credit analysis, investment banking, and private equity. The company operates as a business development company (BDC).
Top Products and Market Share
Key Offerings
- Senior Secured Loans: First lien and second lien loans to middle-market companies. Market share data is not readily available. Competitors include Ares Capital, Main Street Capital, and Golub Capital.
- Mezzanine Debt: Subordinated debt investments, often with warrants. Market share data is not readily available. Competitors include Ares Capital, Main Street Capital, and Golub Capital.
- Equity Investments: Minority equity stakes in companies to increase upside potential. Market share data is not readily available. Competitors include Ares Capital, Main Street Capital, and Golub Capital.
Market Dynamics
Industry Overview
The BDC industry is highly competitive, with numerous participants vying for investment opportunities in middle-market companies. The industry's performance is influenced by interest rates, economic growth, and credit spreads.
Positioning
BlackRock TCP Capital Corp aims to generate attractive risk-adjusted returns by focusing on well-managed middle-market companies with strong cash flows and defensible market positions. It leverages the BlackRock brand for deal sourcing and investor relations.
Total Addressable Market (TAM)
The middle-market lending TAM is substantial. Precise figures are difficult to ascertain, but it's estimated to be in the trillions of dollars. TCPC is positioned to capture a small but meaningful share of this market.
Upturn SWOT Analysis
Strengths
- Strong origination capabilities
- Experienced management team
- Access to BlackRock's resources and network
- Disciplined investment approach
- Focus on senior secured debt
Weaknesses
- Reliance on external capital markets
- Exposure to credit risk
- Sensitivity to interest rate changes
- Smaller size compared to larger BDCs
- Concentrated portfolio risk in select industries.
Opportunities
- Increased demand for private credit
- Growing middle-market economy
- Expansion of investment platform
- Strategic acquisitions
- Development of new products
Threats
- Economic downturn
- Increased competition
- Rising interest rates
- Regulatory changes
- Credit defaults
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- GBDC
- HTGC
- TPVG
Competitive Landscape
TCPC competes on investment expertise, deal sourcing capabilities, and access to capital. Its affiliation with BlackRock provides a competitive advantage.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by increased investment activity and portfolio expansion.
Future Projections: Analyst projections are available from financial data providers, reflecting expectations for portfolio growth and earnings.
Recent Initiatives: TCPC has been focused on diversifying its portfolio, managing credit risk, and optimizing its capital structure.
Summary
BlackRock TCP Capital Corp is a BDC that focuses on providing capital to middle-market companies. The company has strengths in its origination capabilities and BlackRock affiliation. Weaknesses include reliance on capital markets and credit risk. Future performance is influenced by interest rates and competition, so careful management of risk is critical.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Investor Relations
- Yahoo Finance
- Bloomberg
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market share data is estimated and may not be precise. Financial data should be independently verified.
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 | MD, 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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