BlackRock TCP Capital: This 12% Yielding BDC Is Likely Fairly Valued

ryasick BlackRock TCP Capital (NASDAQ:TCPC) completed the acquisition of BlackRock Capital Investment in the first-quarter, which has generated a larger, more diversified BDC that is now running a distinct first lien strategy. The company's shares traded well below book value before the merger, and its strong Q1'24 earnings (especially with regard to distribution coverage) pushed shares of TCPC into a new up-leg. Considering that shares have seen a rather significant revaluation to the upside after first-qu ...