Muzinich & Co. Inc. Sells 499,725 Shares of Triangle Capital Co. (TCAP)

Muzinich & Co. Inc. lessened its position in Triangle Capital Co. (NYSE:TCAP) by 26.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,394,683 shares of the credit services provider’s stock after selling 499,725 shares during the period. Triangle Capital accounts for about 1.7% of Muzinich & Co. Inc.’s portfolio, making the stock its 17th biggest holding. Muzinich & Co. Inc. owned about 2.92% of Triangle Capital worth $13,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN increased its holdings in Triangle Capital by 36.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,952,522 shares of the credit services provider’s stock worth $27,882,000 after purchasing an additional 521,430 shares in the last quarter. Citadel Advisors LLC increased its holdings in Triangle Capital by 3,985.8% in the 4th quarter. Citadel Advisors LLC now owns 1,747,297 shares of the credit services provider’s stock worth $16,582,000 after purchasing an additional 1,704,532 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Triangle Capital by 262.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,450,000 shares of the credit services provider’s stock worth $20,706,000 after purchasing an additional 1,050,000 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Triangle Capital by 32.4% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 410,008 shares of the credit services provider’s stock worth $5,854,000 after purchasing an additional 100,378 shares in the last quarter. Finally, TCW Group Inc. increased its holdings in Triangle Capital by 124.7% in the 4th quarter. TCW Group Inc. now owns 313,529 shares of the credit services provider’s stock worth $2,976,000 after purchasing an additional 174,011 shares in the last quarter. 37.74% of the stock is owned by institutional investors and hedge funds.

TCAP has been the subject of a number of recent research reports. ValuEngine cut Triangle Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet cut Triangle Capital from a “c” rating to a “d+” rating in a report on Friday, November 17th. Stephens cut Triangle Capital from an “overweight” rating to an “equal weight” rating in a report on Friday, November 3rd. Jefferies Group cut Triangle Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research raised Triangle Capital from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Triangle Capital currently has a consensus rating of “Hold” and an average price target of $16.00.

Shares of Triangle Capital Co. (NYSE:TCAP) opened at $10.94 on Thursday. Triangle Capital Co. has a 52-week low of $8.91 and a 52-week high of $20.35. The company has a market capitalization of $528.49, a PE ratio of 6.88, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 56.98 and a quick ratio of 56.98.

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About Triangle Capital

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.

Institutional Ownership by Quarter for Triangle Capital (NYSE:TCAP)

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