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BlackRock TCP Capital shared its third-quarter earnings, showing a $524 million portfolio sale and less debt.

ResultsRead the original at Benzinga
Bad for TCPC

TCPC's net asset value fell $0.97 per share to $5.61, with Job and Talent driving losses. Cash rose and debt fell, but the smaller, more concentrated portfolio leaves the news pointing down.

TCPC · BlackRock TCP Capital Corp.

AI read · Bad for TCPC

The AI's read

The lower asset value means less reported value behind each share. Losses tied to Job and Talent add to that concern. TCPC also has more cash and less debt after the sale, giving it room to manage the business. The smaller, more concentrated portfolio and unresolved strategic review leave the asset decline as the stronger signal.

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