First Personal Financial Services lifted its holdings in Triangle Capital Corporation (NYSE:TCAP) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,286 shares of the credit services provider’s stock after buying an additional 10,983 shares during the period. First Personal Financial Services owned about 0.25% of Triangle Capital Corporation worth $1,703,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Muzinich & Co. Inc. increased its holdings in shares of Triangle Capital Corporation by 8.8% in the 2nd quarter. Muzinich & Co. Inc. now owns 1,946,091 shares of the credit services provider’s stock worth $34,290,000 after buying an additional 157,458 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Triangle Capital Corporation by 262.5% in the 3rd 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 buying an additional 1,050,000 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Triangle Capital Corporation by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,431,092 shares of the credit services provider’s stock worth $25,216,000 after buying an additional 52,878 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Triangle Capital Corporation by 13.6% in the 2nd quarter. Van ECK Associates Corp now owns 413,691 shares of the credit services provider’s stock worth $7,289,000 after buying an additional 49,381 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Triangle Capital Corporation by 32.4% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 410,008 shares of the credit services provider’s stock worth $5,854,000 after buying an additional 100,378 shares during the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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TCAP has been the topic of a number of research reports. Jefferies Group LLC restated a “buy” rating and issued a $18.00 target price (down from $23.00) on shares of Triangle Capital Corporation in a report on Wednesday, August 9th. ValuEngine raised shares of Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Hilliard Lyons raised shares of Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, October 18th. Stephens cut shares of Triangle Capital Corporation from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods set a $18.00 price target on shares of Triangle Capital Corporation and gave the stock a “hold” rating in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.57.

Triangle Capital Corporation (NYSE TCAP) traded down $0.06 during mid-day trading on Monday, hitting $9.76. 439,707 shares of the company were exchanged, compared to its average volume of 606,226. Triangle Capital Corporation has a 52-week low of $8.91 and a 52-week high of $20.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 56.98 and a current ratio of 56.98. The stock has a market cap of $464.52, a PE ratio of 6.10, a PEG ratio of 1.26 and a beta of 0.91.

Triangle Capital Corporation (NYSE:TCAP) last released its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). The company had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $32.84 million. Triangle Capital Corporation had a negative net margin of 36.80% and a positive return on equity of 10.67%. Triangle Capital Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. equities research analysts predict that Triangle Capital Corporation will post 1.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $1.20 annualized dividend and a yield of 12.30%. Triangle Capital Corporation’s dividend payout ratio (DPR) is -200.00%.

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.

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

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