TCPC Soars 1.81% Despite Merger Challenges

BlackRock TCP(TCPC) has surged by 0.38%, marking its second consecutive day of gains, with a total increase of 2.20% over the past two days.

The strategy of buying TCPC shares when they reach a recent high and holding for one week resulted in a significant underperformance. The strategy had a return of -29.02%, vastly underperforming the benchmark, which had a return of -100.00%. Although the strategy had a maximum drawdown of 0.00%, it also had a high volatility of 22.22% and a Sharpe ratio of -0.58, indicating significant risk and moderate returns.

BlackRock TCP Capital Corp. (TCPC) has faced significant challenges due to the underperformance of its merger with BCIC. The merger, which was expected to deliver substantial synergies, has instead resulted in double-digit declines in share prices. Investors have expressed ongoing concerns about the credit quality of the company, further impacting its stock performance.

Despite these challenges, TCPC has shown resilience in recent trading sessions. The stock price increased by 1.81% on the last trading day, July 10, 2025, rising from 7.76 to 7.87. This positive movement suggests that there may be underlying factors driving investor confidence, potentially offsetting the negative impact of the merger's underperformance.