ValuEngine upgraded shares of Triangle Capital (NYSE:TCAP) from a hold rating to a buy rating in a report published on Friday morning.

A number of other equities analysts have also commented on TCAP. Keefe, Bruyette & Woods lowered shares of Triangle Capital from an outperform rating to a market perform rating and decreased their price target for the stock from $20.50 to $18.00 in a report on Thursday, August 3rd. JMP Securities cut shares of Triangle Capital from an outperform rating to a market perform rating in a research note on Thursday, August 3rd. BidaskClub cut shares of Triangle Capital from a sell rating to a strong sell rating in a research note on Friday, August 4th. Hilliard Lyons cut shares of Triangle Capital from a buy rating to a neutral rating and cut their price objective for the company from $19.00 to $15.50 in a research note on Monday, August 7th. Finally, National Securities cut shares of Triangle Capital from a buy rating to a neutral rating and cut their price objective for the company from $22.00 to $18.00 in a research note on Monday, August 7th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Triangle Capital currently has an average rating of Hold and a consensus price target of $16.57.

Triangle Capital (NYSE TCAP) traded down $0.04 during midday trading on Friday, hitting $9.77. 427,300 shares of the stock traded hands, compared to its average volume of 379,473. Triangle Capital has a one year low of $8.91 and a one year high of $20.35. The company has a current ratio of 56.98, a quick ratio of 56.98 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $466.43, a price-to-earnings ratio of 6.07, a P/E/G ratio of 1.25 and a beta of 0.82.

Triangle Capital (NYSE:TCAP) last posted its quarterly earnings results 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). Triangle Capital had a negative net margin of 36.80% and a positive return on equity of 10.67%. The business had revenue of $29.88 million during the quarter, compared to the consensus estimate of $32.84 million. During the same period last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. equities research analysts expect that Triangle Capital will post 1.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a $0.30 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 12.28%. Triangle Capital’s dividend payout ratio is -202.24%.

Several institutional investors have recently modified their holdings of TCAP. Wells Fargo & Company MN boosted its holdings in shares of Triangle Capital by 36.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,952,522 shares of the credit services provider’s stock valued at $27,882,000 after acquiring an additional 521,430 shares during the last quarter. Muzinich & Co. Inc. boosted its holdings in shares of Triangle Capital by 8.8% during the 2nd quarter. Muzinich & Co. Inc. now owns 1,946,091 shares of the credit services provider’s stock valued at $34,290,000 after acquiring an additional 157,458 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Triangle Capital by 262.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,450,000 shares of the credit services provider’s stock valued at $20,706,000 after acquiring an additional 1,050,000 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Triangle Capital by 13.6% in the second 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 boosted its holdings in shares of 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 buying an additional 100,378 shares during the last quarter. Institutional investors own 35.38% of the company’s stock.

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Triangle Capital 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.

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Analyst Recommendations for Triangle Capital (NYSE:TCAP)

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