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Upturn AI SWOT - About
TCPC 
BlackRock TCP Capital Corp (TCPC)
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Upturn Advisory Summary
04/01/2025: 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.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -13.34% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 684.87M USD | Price to earnings Ratio - | 1Y Target Price 8 |
Price to earnings Ratio - | 1Y Target Price 8 | ||
Volume (30-day avg) 787629 | Beta 1.61 | 52 Weeks Range 7.20 - 10.03 | Updated Date 04/1/2025 |
52 Weeks Range 7.20 - 10.03 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 12.46% | Basic EPS (TTM) -0.79 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -24.34% | Operating Margin (TTM) 85.49% |
Management Effectiveness
Return on Assets (TTM) 7.06% | Return on Equity (TTM) -8.57% |
Valuation
Trailing PE - | Forward PE 6.19 | Enterprise Value 1708951552 | Price to Sales(TTM) 2.63 |
Enterprise Value 1708951552 | Price to Sales(TTM) 2.63 | ||
Enterprise Value to Revenue 66.86 | Enterprise Value to EBITDA - | Shares Outstanding 85077296 | Shares Floating - |
Shares Outstanding 85077296 | Shares Floating - | ||
Percent Insiders 0.37 | Percent Institutions 22.53 |
Analyst Ratings
Rating 2.67 | Target Price 8.67 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 5 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
BlackRock TCP Capital Corp
Company Overview
History and Background
BlackRock TCP Capital Corp (TCPC), formerly TCP Capital Corp, was founded in 2012. It is a specialty finance company focused on providing debt and equity financing to middle-market companies. It is managed by TCP Capital.
Core Business Areas
- Direct Lending: Provides senior secured loans, mezzanine loans, and equity investments to middle-market companies.
- Other Investments: Invests in other types of debt and equity securities, including those of publicly traded companies, although the core focus is on privately held middle-market companies.
Leadership and Structure
Howard T. Widra is the Chairman and CEO. The company is externally managed by TCP Capital LLC.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Primarily invests in senior secured loans to middle-market companies. Market share data is difficult to pinpoint exactly, but TCPC is one of many BDCs focused on middle-market lending. Competitors include Ares Capital, Main Street Capital, and others. Revenue varies based on loan activity and interest rates.
- Mezzanine Loans: Provides mezzanine debt financing, often with equity components. Like Senior Secured Loans, market share data is diffused across numerous BDCs. Ares Capital, Main Street Capital, and Prospect Capital are some competitors. Revenue depends on loan deployments.
- Equity Investments: Makes equity investments, often alongside debt financing. Revenue varies based on successful exits and dividends.
Market Dynamics
Industry Overview
The Business Development Company (BDC) industry focuses on providing capital to small and medium-sized businesses. The industry is affected by interest rates, economic growth, and regulatory changes.
Positioning
BlackRock TCP Capital Corp is positioned as a provider of financing to middle-market companies, focusing on senior secured debt. Their competitive advantage lies in their experience in middle-market lending and relationship with BlackRock.
Total Addressable Market (TAM)
The TAM for middle-market lending is estimated in the hundreds of billions of dollars. BlackRock TCP Capital Corp is positioned to capture a small percentage of this TAM, competing with numerous other BDCs and private credit funds.
Upturn SWOT Analysis
Strengths
- Relationship with BlackRock (brand recognition, access to capital)
- Experienced management team at TCP Capital
- Diversified investment portfolio within middle market
- Focus on senior secured debt (lower risk)
Weaknesses
- External management structure (potential conflicts of interest)
- Reliance on debt financing (vulnerable to interest rate changes)
- Smaller market capitalization compared to larger BDCs
- Sensitivity to economic downturns impacting middle-market companies
Opportunities
- Growing demand for private credit as banks tighten lending standards
- Expanding into new sectors within middle-market lending
- Increasing fund size through capital raises
- Strategic acquisitions of smaller BDCs
Threats
- Rising interest rates increasing borrowing costs
- Economic recession leading to loan defaults
- Increased competition from other BDCs and private credit funds
- Regulatory changes impacting the BDC industry
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- PSEC
- GSBD
Competitive Landscape
BlackRock TCP Capital Corp competes with other BDCs for middle-market lending opportunities. Its relationship with BlackRock provides advantages, but it is smaller than some of its larger competitors. It needs to differentiate through better lending practices and strong ROI.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been dependent on loan origination and capital deployment. Results have varied over time.
Future Projections: Future growth projections are dependent on analyst estimates which are not available at this time.
Recent Initiatives: Recent initiatives include focusing on higher-quality loans and managing the balance sheet efficiently.
Summary
BlackRock TCP Capital Corp. is a BDC that focuses on middle-market lending. Its link with BlackRock gives it some advantages, but its external management and sensitivity to economic changes create challenges. The company must manage its debt and adapt to changes in interest rates. Success depends on good loan origination and efficient capital management.
Similar Companies
ARCC
Ares Capital Corporation
ARCC
Ares Capital Corporation
BXSL
Blackstone Secured Lending Fund
BXSL
Blackstone Secured Lending Fund
GSBD
Goldman Sachs BDC Inc
GSBD
Goldman Sachs BDC Inc
MAIN
Main Street Capital Corporation
MAIN
Main Street Capital Corporation
PSEC
Prospect Capital Corporation
PSEC
Prospect Capital Corporation
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Analyst Reports (where available)
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Financial data requires up-to-date confirmation from SEC filings.
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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