BlackRock TCP downgraded to Market Perform from Outperform at JMP Securities

JMP Securities downgraded BlackRock TCP Capital to Market Perform from Outperform without a price target following the “mixed” Q4 report. The firm says the trajectory of BlackRock TCP’s net asset value and credit quality moves it to the sidelines. The company’s origination activity remains muted as net fundings were roughly zero in the quarter, the analyst tells investors in a research note.