Triangle Capital Corporation (NYSE:TCAP) issued its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05), Briefing.com reports. Triangle Capital Corporation had a positive return on equity of 10.67% and a negative net margin of 36.80%. The company had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $32.84 million. During the same period in the previous year, the firm posted $0.41 EPS. Triangle Capital Corporation’s revenue was up 9.0% compared to the same quarter last year.
Shares of Triangle Capital Corporation (NYSE:TCAP) opened at $9.58 on Friday. The company has a market capitalization of $457.36, a price-to-earnings ratio of 5.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. Triangle Capital Corporation has a fifty-two week low of $8.91 and a fifty-two week high of $20.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 56.98 and a quick ratio of 56.98.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 12.53%. The ex-dividend date of this dividend is Tuesday, December 5th. Triangle Capital Corporation’s dividend payout ratio (DPR) is currently -202.24%.
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A number of research analysts have commented on TCAP shares. Robert W. Baird raised shares of Triangle Capital Corporation from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Monday, August 28th. ValuEngine raised shares of Triangle Capital Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Triangle Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. National Securities reduced their target price on shares of Triangle Capital Corporation from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Finally, JMP Securities lowered shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.57.
About Triangle Capital Corporation
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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