Stephens Inc. AR reduced its position in Triangle Capital Co. (NYSE:TCAP) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,424 shares of the credit services provider’s stock after selling 36,138 shares during the period. Stephens Inc. AR owned about 0.10% of Triangle Capital worth $460,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. WFG Advisors LP purchased a new position in Triangle Capital in the 2nd quarter worth approximately $101,000. Commonwealth Equity Services Inc raised its holdings in Triangle Capital by 25.6% in the 3rd quarter. Commonwealth Equity Services Inc now owns 33,642 shares of the credit services provider’s stock worth $480,000 after acquiring an additional 6,865 shares during the last quarter. Financial Counselors Inc. purchased a new position in Triangle Capital in the 3rd quarter worth approximately $143,000. Armor Investment Advisors LLC raised its holdings in Triangle Capital by 6.9% in the 3rd quarter. Armor Investment Advisors LLC now owns 163,002 shares of the credit services provider’s stock worth $2,328,000 after acquiring an additional 10,510 shares during the last quarter. Finally, First Personal Financial Services raised its holdings in Triangle Capital by 8.9% in the 4th quarter. First Personal Financial Services now owns 129,889 shares of the credit services provider’s stock worth $1,233,000 after acquiring an additional 10,603 shares during the last quarter. Institutional investors own 34.73% of the company’s stock.
TCAP has been the subject of a number of recent analyst reports. Raymond James Financial restated an “underperform” rating on shares of Triangle Capital in a report on Tuesday, October 17th. National Securities decreased their price objective on shares of Triangle Capital from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Jefferies Group lowered shares of Triangle Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Bank of America lowered shares of Triangle Capital from a “buy” rating to an “underperform” rating in a report on Thursday, November 2nd. Finally, TheStreet lowered shares of Triangle Capital from a “c” rating to a “d+” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.00.
Shares of Triangle Capital Co. (NYSE:TCAP) opened at $11.00 on Wednesday. The firm has a market cap of $525.15, a price-to-earnings ratio of -12.22, a price-to-earnings-growth ratio of 1.63 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 56.98 and a current ratio of 56.98. Triangle Capital Co. has a 12 month low of $8.91 and a 12 month high of $20.35.
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About Triangle Capital
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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