Blackrock TCP Capital Corp (NASDAQ: TCPC). Meaningful negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Blackrock TCP Capital Corp (NASDAQ: TCPC). Significant negative changes in investment behavior have recently occurred: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
TCPC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
BlackRock TCP Capital has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. BlackRock TCP Capital has a good Appreciation Score of 76 but a poor Power Rating of 25, triggering the Neutral Value Trend Rating.
Recent Price Action
On 9/12/24, Blackrock TCP Capital Corp (NASDAQ: TCPC) stock declined by -2.1%, closing at $8.94. Moreover, exceptionally high trading volume at 228% of normal accompanied the decline. The stock has declined -2.0% during the last week and has been weak relative to the market over the last nine months.
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