Triangle Capital Corporation (NYSE:TCAP) received a $18.00 price target from stock analysts at Keefe, Bruyette & Woods in a research report issued on Thursday. The brokerage presently has a “hold” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 28.02% from the company’s current price.

TCAP has been the subject of a number of other reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price objective (down from $23.00) on shares of Triangle Capital Corporation in a research note on Wednesday, August 9th. ValuEngine lowered shares of Triangle Capital Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Hilliard Lyons raised shares of Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, June 26th. BidaskClub lowered shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, National Securities lowered shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $18.00 in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.36.

Shares of Triangle Capital Corporation (NYSE TCAP) traded down 1.14% on Thursday, reaching $13.90. 98,125 shares of the company’s stock traded hands. The firm has a market cap of $663.66 million, a P/E ratio of 28.90 and a beta of 0.92. The stock has a 50-day moving average of $13.71 and a 200 day moving average of $16.71. Triangle Capital Corporation has a 12-month low of $12.84 and a 12-month high of $20.35.

Triangle Capital Corporation (NYSE:TCAP) last issued its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $31.20 million for the quarter, compared to analysts’ expectations of $33.25 million. Triangle Capital Corporation had a net margin of 16.92% and a return on equity of 10.51%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. On average, equities research analysts expect that Triangle Capital Corporation will post $1.67 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in TCAP. JPMorgan Chase & Co. raised its holdings in Triangle Capital Corporation by 649.1% in the first quarter. JPMorgan Chase & Co. now owns 16,795 shares of the credit services provider’s stock worth $321,000 after purchasing an additional 14,553 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Triangle Capital Corporation by 15.3% during the first quarter. Legal & General Group Plc now owns 98,176 shares of the credit services provider’s stock valued at $1,873,000 after acquiring an additional 13,017 shares in the last quarter. UBS Group AG increased its holdings in shares of Triangle Capital Corporation by 47.7% during the first quarter. UBS Group AG now owns 831,395 shares of the credit services provider’s stock valued at $15,872,000 after acquiring an additional 268,535 shares in the last quarter. Morgan Stanley increased its holdings in shares of Triangle Capital Corporation by 3.3% during the first quarter. Morgan Stanley now owns 333,326 shares of the credit services provider’s stock valued at $6,363,000 after acquiring an additional 10,678 shares in the last quarter. Finally, Allen Investment Management LLC increased its holdings in shares of Triangle Capital Corporation by 75.5% during the first quarter. Allen Investment Management LLC now owns 43,826 shares of the credit services provider’s stock valued at $837,000 after acquiring an additional 18,854 shares in the last quarter. Institutional investors and hedge funds own 31.36% of the company’s stock.

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.

Analyst Recommendations for Triangle Capital Corporation (NYSE:TCAP)

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