Triangle Capital Corp. (TCAP) to Issue Quarterly Dividend of $0.45 on December 21st
Triangle Capital Corp. (NYSE:TCAP) announced a quarterly dividend on Wednesday, November 23rd. Investors of record on Wednesday, December 7th will be paid a dividend of 0.45 per share on Wednesday, December 21st. This represents a $1.80 annualized dividend and a dividend yield of 9.42%. The ex-dividend date is Monday, December 5th.
Shares of Triangle Capital Corp. (NYSE:TCAP) opened at 19.11 on Wednesday. Triangle Capital Corp. has a 12 month low of $14.91 and a 12 month high of $23.19. The company has a market cap of $771.28 million, a P/E ratio of 18.22 and a beta of 0.85. The company’s 50 day moving average is $18.76 and its 200 day moving average is $19.20.
Triangle Capital Corp. (NYSE:TCAP) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by $0.03. The firm had revenue of $27.40 million for the quarter, compared to the consensus estimate of $29.12 million. Triangle Capital Corp. had a net margin of 31.88% and a return on equity of 11.44%. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, equities research analysts predict that Triangle Capital Corp. will post $1.60 EPS for the current fiscal year.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Triangle Capital Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Jefferies Group reissued a “buy” rating on shares of Triangle Capital Corp. in a research report on Thursday, August 4th. Hilliard Lyons cut shares of Triangle Capital Corp. from a “buy” rating to a “neutral” rating in a research report on Friday, November 4th. Finally, National Securities initiated coverage on shares of Triangle Capital Corp. in a research report on Monday, October 24th. They issued a “buy” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.50.
Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of Triangle Capital Corp. during the third quarter valued at $14,160,000. Guggenheim Capital LLC boosted its stake in shares of Triangle Capital Corp. by 34.9% in the second quarter. Guggenheim Capital LLC now owns 265,437 shares of the company’s stock valued at $5,144,000 after buying an additional 68,654 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Triangle Capital Corp. during the third quarter valued at $585,000. BlackRock Group LTD boosted its stake in shares of Triangle Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 178,737 shares of the company’s stock valued at $3,464,000 after buying an additional 22,730 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Triangle Capital Corp. by 13.2% in the second quarter. Van ECK Associates Corp now owns 155,222 shares of the company’s stock valued at $3,008,000 after buying an additional 18,153 shares during the last quarter. 26.31% of the stock is owned by hedge funds and other institutional investors.
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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