TCPC BlackRock TCP Capital Corp. Insider Trading

COO Wolfe Patrick bought 8,925 shares ($32.5K) at $3.65 avg; stock down 56.5% from 52-week high; cluster buy pattern with 3 other insiders in 14 days.

Wolfe Patrick, COO of BlackRock TCP Capital Corp., executed 3 separate purchases totaling 8,925 shares for $32,535.06 at a blended average price of $3.65 on 2026-03-13, bringing his holdings to 16,085 shares—a 124.6% increase from prior holdings of 7,160 shares. The stock is currently trading at $3.53, down 56.5% from its 52-week high of $8.12 and down 26.5% over 30 days and 38.1% over 90 days, indicating a sharp recent decline. His prior buy at this ticker (2025-03-14) showed a 90-day return of -3.9%, and his cross-ticker track record shows 0% wins on buys at the 90-day mark, suggesting no pattern of well-timed entry points. The company reported net income of $24,369,712.00 for recent periods but was unprofitable over its most recent full fiscal year. A cluster pattern is present: 3 other insiders also bought within the past 14 days, though this does not necessarily indicate coordinated conviction. The coincidence of a substantial insider accumulation during a period of sustained stock weakness warrants examination into whether there are undisclosed catalysts or if the spike in insider purchases reflects opportunistic buying at depressed levels.

CFO Erik L. Cuellar bought 1,750 (1.8K shares) of TCPC at $3.86; 2 other insiders also bought within 14 days amid -54.8% from 52-week high

Cuellar's purchase of 1,750 shares represents a substantial increase in his stake, growing from 250 shares to 2,000 shares (+700.0% vs pre-transaction holdings), executed at $3.86—a price that is -54.8% from the 52-week high of $8.32 and follows a 30-day decline of -22.6%. The transaction occurs within a cluster pattern, with 2 other insiders also purchasing TCPC within the past 14 days, suggesting coordinated accumulation during a sharp drawdown. This clustering at materially depressed valuations warrants attention to whether insiders perceive the recent decline as an opportunity or to any catalysts they may be anticipating. However, the company was unprofitable over its most recent full fiscal year, adding complexity to interpreting the accumulation pattern in the context of underlying fundamentals.

Co-CIO Worrell purchased 80,000 shares (80.0K) in 2 tranches for $305,600.00, expanding holdings by +238.8% amid 52-week -54.8% decline; cluster buy signal.

Worrell August Daniel, Co-Chief Investment Officer, executed 2 separate purchases totaling 80,000 shares for $305,600.00 at an average price of $3.82, raising his holdings from 33,500 to 113,500 shares (+238.8%). The stock is currently trading at $3.76, down 54.8% from its 52-week high and down 22.6% over the prior 30 days. This represents a material expansion of his position during a period of significant downward momentum. The filing also coincides with a cluster pattern: 2 other insiders bought TCPC within the same 14-day window. While his cross-ticker track record shows mixed timing (50% win rate at the 90-day mark), his 2 prior purchases at this specific ticker were largely ill-timed (returns of -16.8% and -5.0% at the 30-day mark). The company reported $24.4M in net income on a $317.1M market cap, though it was unprofitable over its most recent full fiscal year, adding fundamental risk context to the volume of accumulation at depressed valuations.

TCPC President Mehring buys 6,500 shares at $3.86; stock down 54.8% from 52-week high amid cluster buying by 2 other insiders in past 14 days.

Jason Mehring, President of BlackRock TCP Capital Corp., purchased 6,500 shares at $3.86 on 2026-03-06, increasing his holdings to 29,208 shares (+28.6% vs. pre-transaction holdings). The stock is trading at $3.76, down 54.8% from its 52-week high of $8.32 and down 22.6% over the past 30 days. Mehring's own prior trades at TCPC show mixed timing outcomes: his March 2025 buy generated a -19.2% 30-day return, while his November 2024 buy yielded a -8.0% 30-day return with a +1.3% 90-day outcome. Two other insiders also purchased shares within the past 14 days, establishing a cluster buying pattern. The company reported net income of $24,369,712.00 but was unprofitable over its most recent full fiscal year, creating a disconnect between recent profitability and historical losses that warrants closer inspection of underlying fundamentals.

Director Karen L Leets bought 3,300 shares of TCPC at $7.55 on 2025-05-13, raising holdings 75.3%, but prior same-ticker buy showed -20.6% 90d return.

Director Karen L Leets purchased 3,300 shares at $7.55, increasing her stake from 4,380 to 7,680 shares (a 75.3% increase). The stock currently trades at $7.62, down 33.6% from its 52-week high of $11.48, suggesting the purchase occurred in a relative weakness window. However, Leets' prior buy at this ticker on 2024-06-06 posted a -20.6% 90-day return, and her cross-ticker track record shows 0 of 1 prior buys were well-timed at the 90-day mark with an average 90-day return of -20.6%. The company reported negative full-year net income despite recent quarterly profitability, adding uncertainty to the fundamental backdrop. This repeat accumulation after a previously underwater trade warrants scrutiny of whether the timing and thesis have materially changed.

TCPC CEO Tseng Philip M bought 10,000 shares at $7.74 on 2025-03-21; stock down 32.7% from 52-week high amid cluster buying by 3 other insiders.

Philip M Tseng, Director and CEO, purchased 10,000 shares at $7.74 on 2025-03-21, increasing his holdings by 35.0% from 28,587 to 38,587 shares. The transaction occurred while TCPC traded at a 32.7% discount to its 52-week high of $11.48, and the stock has declined 17.9% over the prior 30 days. Notably, Tseng's prior two purchases at TCPC (2024-09-10 and 2024-09-06) both yielded positive 90-day returns (+4.3% and +1.4%), establishing a pattern of well-timed entry points at this ticker. The current purchase is part of a broader cluster, with 3 other insiders also buying within the past 14 days, suggesting coordinated confidence among the leadership team. However, the company reported negative full-year net income despite a current quarter showing $21.6M net income, creating a mixed fundamental backdrop for this accumulation.

COO Wolfe Patrick bought 6,100 shares of TCPC at $8.12; cluster buy pattern with 2 other insiders in past 14 days amid -32.6% 52-week decline.

Wolfe Patrick, Chief Operating Officer of BlackRock TCP Capital Corp., purchased 6,100 shares at $8.12 on March 14, 2025, expanding his holdings by 320.5% from 1,903 to 8,003 shares. This purchase is noteworthy because it is part of a cluster pattern: two other insiders also bought within the past 14 days, suggesting coordinated or independently motivated accumulation at depressed valuations. The stock has declined 32.6% from its 52-week high of $11.48 and currently trades at $7.74, below the COO's purchase price. While the company posted recent net income of $21,632,960.00, it was unprofitable over its most recent full fiscal year, creating an earnings headwind that may explain both the price pressure and the insider buying activity.

TCPC President Mehring bought 2,400 shares at $8.13 on 2025-03-12; stock down -30.7% from 52-week high.

Jason Mehring, President of BlackRock TCP Capital Corp., purchased 2,400 shares at $8.13, increasing his holdings by 12.0% to 22,441 shares. The transaction occurs as TCPC trades at $7.96, down 30.7% from its 52-week high of $11.48 and -13.0% over the past 30 days. His prior buy at this same ticker on 2024-11-27 yielded a 90-day positive return of +1.3%, consistent with his cross-ticker track record average 90d return of +1.3%. However, the company reported negative full-year net income for its most recent fiscal year, despite current period net income of $21.6M, creating divergence between near-term earnings and annual performance that complicates fundamental context. The enlarged position coincides with significant recent price deterioration and suggests continued exposure to the security despite unfavorable recent price action.

TCPC Co-CIO Worrell bought 10,000 shares at $8.06 on 2025-03-11, increasing holdings 42.6%; stock now down 30.7% from 52-week high yet company remains unprofitable.

Worrell August Daniel, Co-Chief Investment Officer of BlackRock TCP Capital Corp., purchased 10,000 shares at $8.06 on 2025-03-11, expanding his holdings from 23,500 to 33,500 shares (42.6% increase). This is a material personal commitment at the management level. The transaction occurred amid significant price weakness: the stock trades at $7.96, down 30.7% from its 52-week high of $11.48, and has declined 13.0% over the prior 30 days. His prior buy at TCPC on 2024-11-26 achieved a 90-day return of +3.1%, consistent with his cross-ticker 90d win rate of 100.00%. However, the company's most recent full fiscal year generated negative net income, creating a disconnect between the insider's accumulation and the company's current profitability profile. The stock's ongoing weakness and the unprofitable backdrop warrant examination of whether this purchase reflects conviction in a turnaround or reflects valuation mechanics in a distressed-credit vehicle.

Director Eric John Draut buys 1,468 shares of TCPC at $8.31; stock down 27.5% from 52-week high and 7.7% in 30 days.

Eric John Draut, a director, purchased 1,468 shares at $8.31 on 2024-03-07, increasing his holdings to 57,000 shares. The transaction occurs as TCPC trades 27.5% below its 52-week high of $11.48 and has declined 7.7% over the preceding 30 days and 11.4% over 90 days. Examining Draut's prior transaction history at this ticker, his two most recent buys (September and August 2024) both showed positive 90-day returns of +1.7% and +1.9%, though his May 2024 purchase at the same ticker exhibited a -17.5% 90-day return. His cross-ticker track record shows a modest 66.67% 90-day win rate with an average 90-day return of -4.7%, suggesting inconsistent timing precision. The transaction amounts to a small increase (+1.5% share count) in absolute terms, and the company reported negative full-year net income despite the $21.6M figure listed, warranting attention to whether financial deterioration is driving the insider's accumulation in a declining stock.