Triangle Capital Co. (TCAP) Receives Average Rating of “Hold” from Brokerages

Shares of Triangle Capital Co. (NYSE:TCAP) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.60.

A number of equities analysts have recently weighed in on the company. ValuEngine cut Triangle Capital from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 31st. TheStreet cut Triangle Capital from a “c” rating to a “d+” rating in a report on Friday, November 17th. Jefferies Group cut Triangle Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. National Securities cut their price target on Triangle Capital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, November 6th. Finally, Robert W. Baird dropped their target price on Triangle Capital from $16.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd.

Triangle Capital (NYSE TCAP) opened at $9.49 on Tuesday. Triangle Capital has a 1-year low of $8.91 and a 1-year high of $20.35. The firm has a market capitalization of $453.06, a price-to-earnings ratio of -10.54, a PEG ratio of 1.37 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 56.98 and a quick ratio of 56.98.

Triangle Capital (NYSE:TCAP) last released its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). Triangle Capital had a positive return on equity of 10.67% and a negative net margin of 36.80%. The company had revenue of $29.88 million during the quarter, compared to analyst estimates of $32.84 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. equities research analysts anticipate that Triangle Capital will post 1.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.20 annualized dividend and a yield of 12.64%. Triangle Capital’s payout ratio is currently -133.33%.

A number of large investors have recently made changes to their positions in the business. Atlantic Trust Group LLC acquired a new stake in Triangle Capital during the third quarter worth about $1,693,000. Ladenburg Thalmann Financial Services Inc. increased its stake in 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 acquiring an additional 14,305 shares during the last quarter. Financial Counselors Inc. acquired a new stake in Triangle Capital during the third quarter worth about $143,000. BB&T Securities LLC increased its stake in Triangle Capital by 86.8% during the third quarter. BB&T Securities LLC now owns 293,689 shares of the credit services provider’s stock worth $4,193,000 after acquiring an additional 136,508 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in Triangle Capital during the third quarter worth about $3,075,000. Institutional investors own 35.15% 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.

Analyst Recommendations for Triangle Capital (NYSE:TCAP)

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