Triangle Capital (NYSE:TCAP) was upgraded by analysts at UBS Group from an “underperform” rating to a “market perform” rating in a research note issued on Thursday, The Fly reports.

A number of other equities research analysts also recently issued reports on TCAP. ValuEngine upgraded Triangle Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods set a $18.00 price objective on Triangle Capital and gave the stock a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded Triangle Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Raymond James Financial restated an “underperform” rating on shares of Triangle Capital in a research report on Tuesday, October 17th. Finally, Hilliard Lyons upgraded Triangle Capital from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Triangle Capital presently has a consensus rating of “Hold” and an average price target of $16.00.

Shares of Triangle Capital (TCAP) traded up $0.27 during mid-day trading on Thursday, hitting $10.16. The company had a trading volume of 606,125 shares, compared to its average volume of 643,391. The company has a quick ratio of 56.98, a current ratio of 56.98 and a debt-to-equity ratio of 0.87. Triangle Capital has a one year low of $8.91 and a one year high of $20.35. The stock has a market capitalization of $485.05, a P/E ratio of -11.29, a PEG ratio of 1.48 and a beta of 0.82.

Triangle Capital (NYSE:TCAP) last issued its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $0.36 earnings per share (EPS) 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 business had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $32.84 million. During the same quarter last year, the business posted $0.41 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. sell-side analysts predict that Triangle Capital will post 1.54 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCAP. WFG Advisors LP purchased a new stake in Triangle Capital during the second quarter valued at about $101,000. Financial Counselors Inc. purchased a new stake in Triangle Capital during the third quarter valued at about $143,000. Commerce Bank purchased a new stake in Triangle Capital during the third quarter valued at about $171,000. Wasatch Advisors Inc. purchased a new stake in Triangle Capital during the second quarter valued at about $235,000. Finally, IHT Wealth Management LLC grew its stake in shares of Triangle Capital by 11.4% during the second quarter. IHT Wealth Management LLC now owns 2,450 shares of the credit services provider’s stock valued at $249,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds 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.

The Fly

Analyst Recommendations for Triangle Capital (NYSE:TCAP)

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