Cetera Advisor Networks LLC Buys New Holdings in Triangle Capital Co. (TCAP)

Cetera Advisor Networks LLC bought a new position in Triangle Capital Co. (NYSE:TCAP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 48,300 shares of the credit services provider’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD increased its position in Triangle Capital by 32.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 410,008 shares of the credit services provider’s stock worth $5,854,000 after purchasing an additional 100,378 shares during the last quarter. Shell Asset Management Co. bought a new stake in Triangle Capital in the third quarter worth $1,941,000. Armor Investment Advisors LLC increased its position in Triangle Capital by 6.9% in the third quarter. Armor Investment Advisors LLC now owns 163,002 shares of the credit services provider’s stock worth $2,328,000 after purchasing an additional 10,510 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Triangle Capital by 262.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,450,000 shares of the credit services provider’s stock worth $20,706,000 after purchasing an additional 1,050,000 shares during the last quarter. Finally, Wasatch Advisors Inc. increased its position in Triangle Capital by 126.0% in the third quarter. Wasatch Advisors Inc. now owns 30,134 shares of the credit services provider’s stock worth $430,000 after purchasing an additional 16,800 shares during the last quarter. Institutional investors own 37.74% of the company’s stock.

Triangle Capital Co. (NYSE:TCAP) opened at $11.18 on Tuesday. 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 1 year low of $8.91 and a 1 year high of $20.35. The firm has a market cap of $533.74, a price-to-earnings ratio of -12.42, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87.

Several brokerages recently weighed in on TCAP. ValuEngine cut shares of Triangle Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Raymond James Financial upgraded shares of Triangle Capital from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 11th. UBS Group upgraded shares of Triangle Capital from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Finally, TheStreet cut shares of Triangle Capital from a “c” rating to a “d+” rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.00.

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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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Institutional Ownership by Quarter for Triangle Capital (NYSE:TCAP)

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