Key Points:
- BlackRock TCP Capital Corp (TCPC, Financial) reduced its nonaccrual portfolio to 4.4%, with 82.5% in first lien loans.
- Adjusted net investment income reported at $0.36 per share; Q2 dividend includes a special payout.
- Analysts forecast modest upside potential, with consensus ratings reflecting a "Hold" status.
BlackRock TCP Capital Corp (TCPC) experienced a notable reduction in its nonaccrual portfolio from 5.6% to 4.4% in the first quarter of 2025. This underscores the company's focus on strengthening its portfolio quality, with a robust 82.5% of it now invested in first lien loans.
The company's financial performance remains steady, evidenced by its adjusted net investment income of $0.36 per share. However, the net asset value per share saw a slight decrease, settling at $9.18. Investors can look forward to a Q2 dividend payout of $0.25, supplemented by a special dividend of $0.04. This signals BlackRock TCP Capital Corp’s commitment to delivering shareholder value.
Wall Street Analysts Forecast
According to one-year price targets provided by three analysts, BlackRock TCP Capital Corp (TCPC, Financial) is expected to reach an average target price of $7.33. The forecasts range between a high of $8.00 and a low of $6.50, reflecting a potential upside of 3.36% from the current trading price of $7.10. For more in-depth estimate information, visit the BlackRock TCP Capital Corp (TCPC) Forecast page.
The consensus from five brokerage firms places BlackRock TCP Capital Corp's (TCPC, Financial) average brokerage recommendation at 3.2, indicating a "Hold" status. This rating falls on a scale where 1 signifies a Strong Buy and 5 suggests a Sell.
Additionally, GuruFocus provides an estimated GF Value for BlackRock TCP Capital Corp (TCPC, Financial) of $29.40 in a year's time. This indicates a significant upside potential of 314.38% from the current price of $7.095. The GF Value represents GuruFocus' evaluation of the fair value at which the stock should trade, informed by historical multiples, past business growth, and future performance forecasts. For more details, see the BlackRock TCP Capital Corp (TCPC) Summary page.
