Triangle Capital Co. (NYSE:TCAP) – Equities researchers at Jefferies Group cut their Q3 2018 earnings estimates for shares of Triangle Capital in a research report issued on Tuesday, April 17th, Zacks Investment Research reports. Jefferies Group analyst J. Hecht now expects that the credit services provider will earn $0.04 per share for the quarter, down from their prior estimate of $0.31. Jefferies Group also issued estimates for Triangle Capital’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.73 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.52 EPS.
Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Triangle Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet upgraded shares of Triangle Capital from a “d+” rating to a “c-” rating in a report on Wednesday, April 11th. Keefe, Bruyette & Woods set a $13.00 price objective on shares of Triangle Capital and gave the stock a “hold” rating in a report on Wednesday, April 4th. Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Raymond James upgraded shares of Triangle Capital from an “underperform” rating to a “market perform” rating in a report on Thursday, January 11th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.42.
Triangle Capital (NYSE:TCAP) last announced its earnings results on Wednesday, February 28th. The credit services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $31.70 million for the quarter, compared to the consensus estimate of $28.85 million. Triangle Capital had a negative net margin of 23.29% and a positive return on equity of 10.67%. During the same quarter last year, the firm posted $0.46 EPS.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 10.34%. Triangle Capital’s dividend payout ratio (DPR) is currently 77.42%.
Institutional investors have recently modified their holdings of the company. Creative Planning acquired a new stake in shares of Triangle Capital during the 4th quarter valued at about $108,000. Advisor Group Inc. boosted its position in shares of Triangle Capital by 176.2% during the 4th quarter. Advisor Group Inc. now owns 11,453 shares of the credit services provider’s stock valued at $110,000 after acquiring an additional 7,307 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Triangle Capital during the 4th quarter valued at about $113,000. Jane Street Group LLC acquired a new stake in shares of Triangle Capital during the 4th quarter valued at about $199,000. Finally, State of Tennessee Treasury Department acquired a new stake in shares of Triangle Capital during the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 45.09% of the company’s stock.
About Triangle Capital
Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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