Blackbelly rosefish Helicolenus dactylopterus (Delaroche, 1809) is one of the most important species of the demersal/deep‐water assemblages fished in the NE Atlantic Ocean (Azores archipelago). However, there is insufficient information about the stock structure of this species to support analytical resource assessments and it is currently managed with a precautionary approach. Here, we examine the depth and temporal distribution, size composition, sex, and movement patterns of blackbelly rosefish in order to test the hypothesis that the stock structure in the Azores region comprises different local management units (MUs). We also evaluate annual abundance indices and size composition from scientific surveys and commercial landings over the past c. 25 years for an assessment of the species' vulnerability to bottom longline fishing pressure. The greatest abundance occurred in seamount areas at 350–800 m depth. Larger individuals were mainly found in deeper waters, and no sexual segregation by depth was observed. Tagging results indicated a strongly sedentary behavior and an intraregional separation among populations. Although the abundance pattern and size composition were very similar over time, this species is particularly vulnerable to overfishing due to its biological characteristics (long life, large size, late maturity, slow growth, and low mortality rate). Proper monitoring and management of its exploitation should be a priority. Exploratory analysis for analytical assessment should be performed under the assumption of local MUs. Further oceanographic research is needed to understand larval transport and mixing of populations.