UBS lowered shares of Triangle Capital (NYSE:TCAP) to an underperform rating in a research report report published on Thursday, The Fly reports.
Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Triangle Capital from a strong-buy rating to a buy rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods set a $13.00 price target on shares of Triangle Capital and gave the stock a hold rating in a research note on Wednesday, April 4th. Zacks Investment Research upgraded shares of Triangle Capital from a sell rating to a hold rating in a research note on Wednesday, January 31st. Raymond James Financial upgraded shares of Triangle Capital from an underperform rating to a market perform rating in a research note on Thursday, January 11th. Finally, National Securities restated a neutral rating and issued a $11.00 price target on shares of Triangle Capital in a research note on Friday, March 2nd. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Triangle Capital has a consensus rating of Hold and a consensus target price of $15.50.
Triangle Capital stock opened at $11.60 on Thursday. Triangle Capital has a fifty-two week low of $8.91 and a fifty-two week high of $19.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 43.15 and a quick ratio of 43.15. The company has a market capitalization of $557.09, a P/E ratio of 7.48, a P/E/G ratio of 1.88 and a beta of 0.77.
Triangle Capital (NYSE:TCAP) last posted its earnings results on Wednesday, February 28th. The credit services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. Triangle Capital had a negative net margin of 23.29% and a positive return on equity of 10.67%. The firm had revenue of $31.70 million during the quarter, compared to the consensus estimate of $28.85 million. During the same quarter last year, the firm earned $0.46 EPS. sell-side analysts expect that Triangle Capital will post 1.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 10.34%. Triangle Capital’s dividend payout ratio (DPR) is 77.42%.
Several hedge funds have recently modified their holdings of TCAP. Wells Fargo & Company MN grew its stake in shares of Triangle Capital by 36.4% during the third quarter. Wells Fargo & Company MN now owns 1,952,522 shares of the credit services provider’s stock worth $27,882,000 after purchasing an additional 521,430 shares in the last quarter. Financial Counselors Inc. acquired a new position in shares of Triangle Capital during the third quarter worth $143,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Triangle Capital by 59.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 38,299 shares of the credit services provider’s stock worth $547,000 after purchasing an additional 14,305 shares in the last quarter. Atlantic Trust Group LLC acquired a new position in shares of Triangle Capital during the third quarter worth $1,693,000. Finally, Wasatch Advisors Inc. grew its stake in shares of Triangle Capital by 68.0% during the fourth quarter. Wasatch Advisors Inc. now owns 50,621 shares of the credit services provider’s stock worth $480,000 after purchasing an additional 20,487 shares in the last quarter. Hedge funds and other institutional investors own 45.09% of the company’s stock.
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Triangle Capital Company Profile
Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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