Triangle Capital Corporation (NYSE:TCAP) was downgraded by stock analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Friday.

Several other analysts also recently commented on TCAP. Zacks Investment Research downgraded Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. BidaskClub downgraded Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine raised Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods downgraded Triangle Capital Corporation from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $20.50 to $18.00 in a research note on Thursday, August 3rd. Finally, JMP Securities downgraded Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.86.

Triangle Capital Corporation (NYSE:TCAP) last issued its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $0.36 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 positive return on equity of 10.46% and a negative net margin of 36.80%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share.

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A number of large investors have recently added to or reduced their stakes in TCAP. WFG Advisors LP purchased a new stake in Triangle Capital Corporation in the second quarter worth $101,000. Sigma Planning Corp purchased a new stake in Triangle Capital Corporation in the second quarter worth $181,000. Trust Co. of Vermont increased its position in Triangle Capital Corporation by 139.9% in the second quarter. Trust Co. of Vermont now owns 13,342 shares of the credit services provider’s stock worth $235,000 after buying an additional 7,781 shares during the last quarter. Wasatch Advisors Inc. purchased a new stake in Triangle Capital Corporation in the second quarter worth $235,000. Finally, IHT Wealth Management LLC increased its position in Triangle Capital Corporation by 11.4% in the second quarter. IHT Wealth Management LLC now owns 2,450 shares of the credit services provider’s stock worth $249,000 after buying an additional 250 shares during the last quarter. 31.39% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Triangle Capital Corporation (NYSE:TCAP)

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