BidaskClub cut shares of Triangle Capital Corporation (NYSE:TCAP) from a hold rating to a sell rating in a research note published on Sunday.

Other equities research analysts have also issued reports about the stock. Jefferies Group LLC reiterated a buy rating and set a $23.00 target price on shares of Triangle Capital Corporation in a research report on Friday, May 5th. National Securities reiterated a buy rating and set a $22.00 target price on shares of Triangle Capital Corporation in a research report on Monday, April 10th. ValuEngine lowered shares of Triangle Capital Corporation from a buy rating to a hold rating in a research report on Friday, June 30th. Wunderlich assumed coverage on shares of Triangle Capital Corporation in a research report on Wednesday, May 17th. They set a buy rating and a $23.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Triangle Capital Corporation from a sell rating to a hold rating in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $21.40.

Triangle Capital Corporation (TCAP) traded up 0.51% during trading on Friday, reaching $17.57. 259,038 shares of the company were exchanged. The firm’s 50-day moving average is $17.87 and its 200 day moving average is $18.65. The company has a market capitalization of $837.76 million, a P/E ratio of 23.43 and a beta of 0.90. Triangle Capital Corporation has a one year low of $16.40 and a one year high of $20.60.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were issued a $0.45 dividend. The ex-dividend date was Monday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.24%. Triangle Capital Corporation’s payout ratio is 236.85%.

In other news, insider C. Robert Jr. Knox sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $17.72, for a total value of $53,160.00. Following the completion of the sale, the insider now directly owns 75,716 shares in the company, valued at approximately $1,341,687.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. HL Financial Services LLC increased its position in shares of Triangle Capital Corporation by 2.7% in the first quarter. HL Financial Services LLC now owns 11,350 shares of the credit services provider’s stock valued at $217,000 after buying an additional 300 shares during the last quarter. Armor Investment Advisors LLC increased its position in shares of Triangle Capital Corporation by 6.9% in the first quarter. Armor Investment Advisors LLC now owns 147,692 shares of the credit services provider’s stock valued at $2,819,000 after buying an additional 9,555 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of Triangle Capital Corporation during the first quarter valued at approximately $5,345,000. Trust Co. of Vermont purchased a new position in shares of Triangle Capital Corporation during the first quarter valued at approximately $106,000. Finally, Sheaff Brock Investment Advisors LLC increased its position in shares of Triangle Capital Corporation by 8.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 14,053 shares of the credit services provider’s stock valued at $268,000 after buying an additional 1,048 shares during the last quarter. 31.18% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Triangle Capital Corporation (NYSE:TCAP)

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