Triangle Capital Corp. (TCAP) Now Covered by Analysts at Hilliard Lyons
A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Triangle Capital Corp. from a sell rating to a hold rating in a research report on Tuesday, August 9th. Jefferies Group reiterated a buy rating on shares of Triangle Capital Corp. in a research report on Thursday, August 4th. Finally, Raymond James Financial Inc. upgraded Triangle Capital Corp. from an underperform rating to a market perform rating in a research report on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $21.40.
Triangle Capital Corp. (NYSE:TCAP) traded up 0.46% on Wednesday, hitting $19.74. The company’s stock had a trading volume of 30,209 shares. The firm has a market cap of $787.23 million, a price-to-earnings ratio of 14.20 and a beta of 0.86. The firm has a 50 day moving average of $19.65 and a 200 day moving average of $19.51. Triangle Capital Corp. has a 12 month low of $14.91 and a 12 month high of $23.19.
Triangle Capital Corp. (NYSE:TCAP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The firm earned $28.40 million during the quarter. Triangle Capital Corp. had a return on equity of 12.56% and a net margin of 39.44%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Equities research analysts forecast that Triangle Capital Corp. will post $1.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.16%. The ex-dividend date was Friday, September 2nd. Triangle Capital Corp.’s dividend payout ratio is currently 129.50%.
Institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management raised its position in Triangle Capital Corp. by 3.9% in the second quarter. LSV Asset Management now owns 129,100 shares of the company’s stock valued at $2,501,000 after buying an additional 4,800 shares in the last quarter. Wealthsource Partners LLC purchased a new position in Triangle Capital Corp. during the first quarter valued at about $317,000. BlackRock Group LTD raised its position in Triangle Capital Corp. by 8.4% in the first quarter. BlackRock Group LTD now owns 156,007 shares of the company’s stock valued at $3,211,000 after buying an additional 12,035 shares in the last quarter. BB&T Securities LLC raised its position in Triangle Capital Corp. by 19.0% in the second quarter. BB&T Securities LLC now owns 66,397 shares of the company’s stock valued at $1,286,000 after buying an additional 10,598 shares in the last quarter. Finally, Stephens Inc. AR raised its position in Triangle Capital Corp. by 6.8% in the second quarter. Stephens Inc. AR now owns 57,105 shares of the company’s stock valued at $1,107,000 after buying an additional 3,628 shares in the last quarter. 19.89% of the stock is currently owned by institutional investors and hedge funds.
About Triangle Capital Corp.
Triangle Capital Corporation is a specialty finance company. The Company provides customized financing to lower middle market companies located in the United States. The Company’s investment objective is to seek returns by generating current income from its debt investments and capital appreciation from its equity related investments.
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