Triangle Capital Corporation (NYSE:TCAP) was upgraded by equities researchers at Hilliard Lyons from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, October 18th. The firm presently has a $14.00 price objective on the credit services provider’s stock. Hilliard Lyons’ price target indicates a potential upside of 11.20% from the stock’s previous close.
A number of other brokerages have also weighed in on TCAP. Aegis initiated coverage on shares of Triangle Capital Corporation in a research note on Monday, June 26th. They issued a “buy” rating for the company. ValuEngine lowered shares of Triangle Capital Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. BidaskClub lowered shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, JMP Securities lowered shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Triangle Capital Corporation has a consensus rating of “Hold” and an average price target of $17.86.
Triangle Capital Corporation (NYSE:TCAP) traded down 0.71% on Wednesday, reaching $12.50. The company’s stock had a trading volume of 26,633 shares. The firm has a market capitalization of $596.81 million, a price-to-earnings ratio of 25.99 and a beta of 0.92. The company has a 50 day moving average of $13.65 and a 200 day moving average of $16.16. Triangle Capital Corporation has a 52 week low of $12.47 and a 52 week high of $20.35.
Triangle Capital Corporation (NYSE:TCAP) last issued its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $31.20 million during the quarter, compared to analyst estimates of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, analysts forecast that Triangle Capital Corporation will post $1.67 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. WFG Advisors LP bought a new stake in shares of Triangle Capital Corporation during the 2nd quarter worth $101,000. Sigma Planning Corp bought a new stake in shares of Triangle Capital Corporation during the 2nd quarter worth $181,000. Trust Co. of Vermont boosted its holdings in Triangle Capital Corporation by 139.9% in the 2nd quarter. Trust Co. of Vermont now owns 13,342 shares of the credit services provider’s stock valued at $235,000 after purchasing an additional 7,781 shares during the period. Wasatch Advisors Inc. bought a new stake in Triangle Capital Corporation in the 2nd quarter valued at $235,000. Finally, IHT Wealth Management LLC boosted its holdings in Triangle Capital Corporation by 11.4% in the 2nd quarter. IHT Wealth Management LLC now owns 2,450 shares of the credit services provider’s stock valued at $249,000 after purchasing an additional 250 shares during the period. 31.38% of the stock is owned by institutional investors and hedge funds.
Triangle Capital Corporation Company Profile
Triangle Capital Corporation is an internally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that provides customized financing to lower middle market companies located primarily in the United States. The Company’s investment objective is to seek attractive returns by generating current income from its debt investments and capital appreciation from its equity-related investments.
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