BlackRock TCP Capital Corp. (TCPC) carries a Roarable Rating of D (Sell) with 45/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-03, BlackRock TCP Capital Corp. (NASDAQ: TCPC) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 45/100 at a spot price of $4.18 (-0.95% 1D, market cap $350.7M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 10/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 5/20. Across 1096 tracked Financials issuers, TCPC ranks #796 in composite RQD confidence.
Within the Financials sector (Finance/Investors Services), TCPC carries a Roarable D (45/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -14.9%. By comparison, CION (CION Investment Corporation) holds a D grade (48/100 RQD, P/E N/A, ROIC -2.9%, cap $343.9M) and SDHY (PGIM Short Duration High Yield Opportunities Fund) posts a D grade (44/100 RQD, P/E N/A, ROIC —, cap $376.5M). Among the 5-stock peer group, TCPC leads on earnings multiple (N/A) while CION leads on capital efficiency (-2.9% ROIC).
Per TCPC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001370755), BlackRock TCP Capital Corp. generated $0 in revenue, -$88.9M in net income, and $154.9M in free cash flow against $1.65B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
FRED Regime × Technicals: 35% of 52W Range • RSI-14 at 56 (BULLISH MOMENTUM)
20D Institutional Volume Accumulation (±5.8% realized swing band)
Disciplined Float (+0.72% YoY Shares) & executive Form 4 sales trim 15 pts from alignment
While TCPC currently carries a cautious 45/100 (D) rating due to Insider Conviction & Share Dilution (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Financials with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($4.06) and Max Pain ($4.39) forces dealer call-delta covering toward $6.56.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.72% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
BlackRock TCP Capital Corp. (TCPC) slipped -0.95% to $4.18, trading at 35% of its 52-week range ($3.08 – $6.25). Stretched risk/reward at current multiples (-15% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
Stocktwits report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
TradingView report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
TradingView report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
Pluang report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
https://www.siam.in/ report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
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https://www.sec.gov/Archives/edgar/data/1370755/000106299326005324/xslSCHEDULE_13D_X02/primary_doc.xml
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on TCPC today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for TCPC. Explore sector supply chains on /butterfly.
Across 1096 tracked Financials securities in the Roarable RQD universe, BlackRock TCP Capital Corp. (TCPC) ranks #796 by composite RQD confidence (45/100, grade D) and #778 by equity capitalization ($350.7M). Within this direct 5-issuer industry benchmark cohort, TCPC leads on earnings valuation at N/A trailing P/E, while CION leads on capital efficiency and profitability with -2.9% ROIC and — gross margin. CION currently holds the highest overall quantitative score in the immediate peer group at 48/100 (D) compared with TCPC at 45/100 (D).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| TCPC
ACTIVE
BlackRock TCP Capital Corp. | D | 45/100 | — | — | -14.9% | -0.95% | $350.7M | Benchmark Subject |
| CION CION Investment Corporation | D | 48/100 | — | — | -2.9% | -1.69% | $343.9M | /cion-vs-tcpc → |
| SDHY PGIM Short Duration High Yield Opportunities Fund | D | 44/100 | — | — | — | -0.84% | $376.5M | /sdhy-vs-tcpc → |
| FINS Angel Oak Financial Strategies Income Term Trust of | D | 45/100 | — | — | — | -0.42% | $297.7M | /fins-vs-tcpc → |
| RFMZ RiverNorth Flexible Municipal Income Fund II Inc. | D | 48/100 | — | — | — | 0.00% | $295.4M | /rfmz-vs-tcpc → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), BlackRock TCP Capital Corp. (TCPC) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$88.9M, operating cash flow of $154.9M, and free cash flow of $154.9M (-47.1% YoY). On the balance sheet, TCPC closed FY2025 with $1.65B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $0 | -$88.9M | $154.9M | $154.9M | $1.65B | — |
| FY2024 (FY) | 2024-12-31 | $0 | -$63.1M | $293.1M | $293.1M | $1.92B | — |
| FY2023 (FY) | 2023-12-31 | $0 | $38.5M | $92.5M | $92.5M | — | — |
As of 2026-11-03, BlackRock TCP Capital Corp. (NASDAQ: TCPC) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 45/100 at a spot price of $4.18 (-0.95% 1D, market cap $350.7M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 10/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 5/20. Across 1096 tracked Financials issuers, TCPC ranks #796 in composite RQD confidence.
Within the Financials sector (Finance/Investors Services), TCPC carries a Roarable D (45/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -14.9%. By comparison, CION (CION Investment Corporation) holds a D grade (48/100 RQD, P/E N/A, ROIC -2.9%, cap $343.9M) and SDHY (PGIM Short Duration High Yield Opportunities Fund) posts a D grade (44/100 RQD, P/E N/A, ROIC —, cap $376.5M). Among the 5-stock peer group, TCPC leads on earnings multiple (N/A) while CION leads on capital efficiency (-2.9% ROIC).
Per TCPC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001370755), BlackRock TCP Capital Corp. generated $0 in revenue, -$88.9M in net income, and $154.9M in free cash flow against $1.65B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
TCPC last traded at $4.18 (-0.95% on volume of 572,872 shares), positioning the stock +2.96% above its 50-day simple moving average ($4.06) and +4.50% above its 200-day simple moving average ($4.00). Across its 52-week range of $3.08 to $6.25, TCPC sits at the 34.7% percentile with a 14-day RSI of 56.0 (BULLISH MOMENTUM) and an implied next-earnings move of ±5.8% ($3.94 to $4.42).
Why TCPC Stock slipped -0.95% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-15% return on capital) under elevated 10-year interest-rate pressure.
Per the Roarable RQD rating, TCPC scores 45 out of 100, earning a D grade and the verdict "Roarable Sell — Underperform / Distribution Warning." The fundamental cash engine pillar scores 9 of 20 (ROIC -14.9%; FCF yield 0%), indicating the business is not currently generating returns on invested capital and offers no free-cash-flow yield at the reference price. The whale 13F flow pillar scores 10 of 20 for institutional accumulation and options positioning, a weak but not absent reading. The insider conviction pillar scores 5 of 20 across SEC Form 4 and Congressional PTR cluster flow, the lowest pillar and a notable warning sign for a prospective investor. The macro regime fit pillar scores 11 of 20 with a beta of 1.0 and sector sensitivity considered. The forensic balance sheet pillar scores 10 of 20, reflecting an Altman Z of 2.5, a Piotroski F of 3/9, and a debt-to-equity ratio of 0.5. Taken together, the upside case rests on any recovery in returns and cash generation, while the valuation tradeoff is that the stock trades at $4.22 without reported earnings-based multiples in the source data. A prospective investor should weigh the weak cash-engine and insider pillars against the moderate balance-sheet and flow readings when evaluating the stock today.
Per the profile, BlackRock TCP Capital Corp. (TCPC) is a NASDAQ-listed issuer in the Financials sector, operating within the Finance/Investors Services industry. The source data does not describe its products, customers, or revenue model. Its market capitalization is $0.4B per the profile.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $0.0M | $0.0M | $-88.9M | N/A | $154.9M | $61.1M | N/A |
| FY 2024 | $0.0M | $0.0M | $-63.1M | N/A | $293.1M | $91.6M | N/A |
| FY 2023 | $0.0M | $0.0M | $38.5M | N/A | $92.5M | N/A | N/A |
Per the SEC financials, net income moved from $38.5M in FY 2023 to $-63.1M in FY 2024 and $-88.9M in FY 2025, while reported FCF declined from $293.1M to $154.9M over the same span. Per the market data, the operating margin, gross margin, and net margin are each 0%, and ROIC is -14.9%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 3/9, and the Debt/Equity ratio is 0.5. Balance-sheet posture is reflected in the forensic pillar at 10 of 20.
Per the Butterfly Supply-Chain Graph, no upstream or downstream dependencies are mapped, and no sector correlations or proprietary signals are provided. The graph lists the sector as Financials and the industry as Finance/Investors Services, but reports no supply-chain links. A prospective investor should therefore treat second-order ripple effects as unmapped in the source data. The asset-sale and activist-stake headlines in the news feed are the only indicators of possible 2nd-order events, and their implications are not quantified in the sources.
Real-time company headlines, analyst actions, and sector developments for BlackRock TCP Capital Corp. (TCPC) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
Stocktwits report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
TradingView report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
TradingView report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
Pluang report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
https://www.siam.in/ report covering BlackRock TCP Capital Corp. (TCPC) market action, institutional positioning, and fundamental catalysts.
BDCs trade at a steep discount, but the risks the bears talk about most may not be the ones that matter. Click here to read the full analysis.
Welcome to the TCPC (BlackRock TCP Capital Corp.) Roar Pit. Current RQD Composite is 45/100 (Roarable Sell — Underperform / Distribution Warning) in Finance/Investors Services. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on TCPC, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless BlackRock TCP Capital Corp. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on TCPC, the market is fixating on short-term headline noise in Finance/Investors Services and ignoring the balance sheet and cash flow trajectory. At $4.22 (52-wk range $3.08 - $6.25), any beat on forward guidance forces shorts and underweight funds to chase.
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