BlackRock TCP Capital remains a sell amid structural challenges despite high dividend yield.

BlackRock TCP Capital (TCPC) continues to face structural issues and sector headwinds, leading to a sell recommendation despite trading at a deep discount to its net asset value (NAV). The company has restructured its portfolio, including a significant asset sale at a discount, which reduced leverage but also highlighted ongoing vulnerabilities and the potential for further asset sales. While the dividend yield is attractive at 16.5% and appears sustainable through 2027, net investment income is expected to decline before any recovery. Risks related to software exposure, refinancing, and defaults continue to pressure TCPC, limiting near-term upside despite management efforts.

BlackRock TCP Capital (TCPC) is trading at USD 4.02 on Pluang as of Oct 24, 2026 18:51 WIB, down 2.19% for the day and closer to its 52-week low of USD 3.13 than its high of USD 6.20. Despite a high dividend yield of 18.91%, the stock's market cap stands at $337.29 million, reflecting cautious investor sentiment. Pluang order activity shows a full 100% buy interest, indicating strong demand despite the price decline.