Triangle Capital Corporation (TCAP) Given a $18.00 Price Target at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods set a $18.00 target price on Triangle Capital Corporation (NYSE:TCAP) in a research report released on Thursday. The brokerage currently has a hold rating on the credit services provider’s stock.
Other analysts have also recently issued research reports about the company. Jefferies Group LLC restated a buy rating and set a $18.00 target price (down previously from $23.00) on shares of Triangle Capital Corporation in a report on Wednesday, August 9th. ValuEngine cut Triangle Capital Corporation from a buy rating to a hold rating in a report on Friday, June 30th. Hilliard Lyons upgraded Triangle Capital Corporation from a neutral rating to a buy rating and set a $19.00 target price on the stock in a report on Monday, June 26th. BidaskClub cut Triangle Capital Corporation from a hold rating to a sell rating in a report on Sunday, July 16th. Finally, National Securities cut Triangle Capital Corporation from a buy rating to a neutral rating and decreased their target price for the stock from $22.00 to $18.00 in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $18.36.
Triangle Capital Corporation (NYSE TCAP) traded down 0.71% during trading on Thursday, reaching $13.96. 265,548 shares of the company’s stock were exchanged. Triangle Capital Corporation has a 52-week low of $12.84 and a 52-week high of $20.35. The company has a market capitalization of $666.52 million, a price-to-earnings ratio of 29.02 and a beta of 0.92. The stock’s 50-day moving average price is $13.71 and its 200-day moving average price is $16.71.
Triangle Capital Corporation (NYSE:TCAP) last released its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The company had revenue of $31.20 million for the quarter, compared to analyst estimates of $33.25 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that Triangle Capital Corporation will post $1.67 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 12.89%. The ex-dividend date of this dividend was Friday, September 1st. Triangle Capital Corporation’s payout ratio is presently 346.16%.
A number of institutional investors have recently bought and sold shares of TCAP. JPMorgan Chase & Co. boosted its holdings in Triangle Capital Corporation by 649.1% in the first quarter. JPMorgan Chase & Co. now owns 16,795 shares of the credit services provider’s stock valued at $321,000 after acquiring an additional 14,553 shares during the last quarter. Legal & General Group Plc boosted its holdings in Triangle Capital Corporation by 15.3% in the first quarter. Legal & General Group Plc now owns 98,176 shares of the credit services provider’s stock valued at $1,873,000 after acquiring an additional 13,017 shares during the last quarter. UBS Group AG boosted its holdings in Triangle Capital Corporation by 47.7% in the first quarter. UBS Group AG now owns 831,395 shares of the credit services provider’s stock valued at $15,872,000 after acquiring an additional 268,535 shares during the last quarter. Morgan Stanley boosted its holdings in Triangle Capital Corporation by 3.3% in the first quarter. Morgan Stanley now owns 333,326 shares of the credit services provider’s stock valued at $6,363,000 after acquiring an additional 10,678 shares during the last quarter. Finally, Allen Investment Management LLC boosted its holdings in Triangle Capital Corporation by 75.5% in the first quarter. Allen Investment Management LLC now owns 43,826 shares of the credit services provider’s stock valued at $837,000 after acquiring an additional 18,854 shares during the last quarter. Institutional investors and hedge funds own 31.36% of the company’s stock.
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.
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