On September 10, 2024, Philip Tseng, Director and President of BlackRock TCP Capital Corp (NASDAQ:TCPC), purchased 15,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 27,480.5498 shares of BlackRock TCP Capital Corp.

• Warning! GuruFocus has detected 3 Warning Signs with TCPC.

BlackRock TCP Capital Corp is a business development company specializing in direct equity and debt investments in middle-market, leveraged companies, and small businesses. The company primarily invests in the United States.

Over the past year, the insider has increased the holdings by purchasing a cumulative total of 15,000 shares and has not sold any shares. This recent acquisition aligns with a broader pattern of insider buying activity at the company, with a total of 6 insider buys recorded over the past year and no insider sales during the same period.

Shares of BlackRock TCP Capital Corp were priced at $9.09 on the day of the insider's latest purchase. The company currently holds a market cap of approximately $775.454 million.

The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjusted for the company's past performance and expected future business outcomes as estimated by analysts.

According to the GF Value, which is an intrinsic value estimate used to gauge the fair value of stocks, BlackRock TCP Capital Corp has a GF Value of $22.18. With the current stock price at $9.09, the price-to-GF-Value ratio stands at 0.41, suggesting that the stock might be undervalued and classified as a "Possible Value Trap, Think Twice" according to GuruFocus analysis.

This insider buying activity could be a significant indicator for investors, reflecting the insider's confidence in the future prospects of BlackRock TCP Capital Corp.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.