New insider activity at BlackRock TCP Capital ( (TCPC) ) has taken place on March 8, 2025.
Eric John Draut, the Executive Vice President and Chief Financial Officer of BlackRock TCP Capital, has made a significant investment by purchasing 1,468 shares of the company’s stock. This transaction is valued at $12,184, reflecting a strong vote of confidence in the company’s future prospects.
Recent Updates on TCPC stock
In recent developments, BlackRock TCP Capital Corp. (TCPC) reported a challenging fourth quarter with significant markdowns and increased non-accruals, leading to a decrease in net asset value per share from $10.11 to $9.23. The company’s net investment income for the quarter was $0.40 per share, and it declared a regular dividend of $0.25 per share along with a special dividend of $0.04 per share. Analysts have lowered price targets due to the deterioration in credit quality and net asset value, with Keefe Bruyette citing a ‘bad’ quarter and Wells Fargo highlighting the need for cautious portfolio management due to recent loss severity. Despite these challenges, the company remains committed to shareholder interests through strategic actions such as fee waivers and special dividends, while maintaining a focus on high-quality investments in the middle market.
More about BlackRock TCP Capital
YTD Price Performance: -8.34%
Average Trading Volume: 633,005
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $687.4M