TCAP has been the subject of a number of other reports. Robert W. Baird upgraded shares of Triangle Capital Corporation from a neutral rating to an outperform rating and set a $16.00 price target for the company in a research report on Monday, August 28th. ValuEngine upgraded shares of Triangle Capital Corporation from a hold rating to a buy rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Triangle Capital Corporation from a sell rating to a hold rating in a research report on Wednesday, October 11th. National Securities dropped their price target on shares of Triangle Capital Corporation from $18.00 to $16.00 and set a neutral rating for the company in a research report on Tuesday, October 24th. Finally, JMP Securities cut shares of Triangle Capital Corporation from an outperform rating to a market perform rating in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $16.57.
Triangle Capital Corporation (NYSE TCAP) opened at $9.70 on Friday. Triangle Capital Corporation has a 52 week low of $8.91 and a 52 week high of $20.35. The company has a market cap of $458.79, a PE ratio of 5.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 56.98 and a current ratio of 56.98.
Triangle Capital Corporation (NYSE:TCAP) last announced its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Triangle Capital Corporation had a negative net margin of 36.80% and a positive return on equity of 10.67%. The company had revenue of $29.88 million for the quarter, compared to analyst estimates of $32.84 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. Triangle Capital Corporation’s revenue was up 9.0% on a year-over-year basis. equities analysts predict that Triangle Capital Corporation will post 1.56 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.37%. The ex-dividend date of this dividend is Tuesday, December 5th. Triangle Capital Corporation’s dividend payout ratio (DPR) is currently -200.00%.
Several hedge funds have recently made changes to their positions in TCAP. WFG Advisors LP acquired a new position in shares of Triangle Capital Corporation in the second quarter valued at approximately $101,000. Financial Counselors Inc. acquired a new position in Triangle Capital Corporation during the 3rd quarter worth approximately $143,000. Commerce Bank acquired a new position in Triangle Capital Corporation during the 3rd quarter worth approximately $171,000. Sigma Planning Corp acquired a new position in Triangle Capital Corporation during the 2nd quarter worth approximately $181,000. Finally, Wasatch Advisors Inc. acquired a new position in Triangle Capital Corporation during the 2nd quarter worth approximately $235,000. Hedge funds and other institutional investors own 33.84% 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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