Shares of Triangle Capital Corporation (NYSE:TCAP) have earned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.75.

Several equities research analysts have recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $23.00 price objective on shares of Triangle Capital Corporation in a research note on Friday, May 5th. ValuEngine downgraded shares of Triangle Capital Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Wunderlich assumed coverage on shares of Triangle Capital Corporation in a research note on Wednesday, May 17th. They set a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research upgraded shares of Triangle Capital Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. Finally, BidaskClub downgraded shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.

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Shares of Triangle Capital Corporation (NYSE:TCAP) opened at 13.84 on Friday. The company has a market capitalization of $660.79 million, a PE ratio of 28.77 and a beta of 0.90. The stock has a 50 day moving average price of $16.89 and a 200-day moving average price of $18.24. Triangle Capital Corporation has a 12 month low of $13.45 and a 12 month high of $20.35.

Triangle Capital Corporation (NYSE:TCAP) last posted its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The company had revenue of $31.20 million for the quarter, compared to analyst estimates of $33.25 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that Triangle Capital Corporation will post $1.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a yield of 13.01%. Triangle Capital Corporation’s dividend payout ratio is presently 346.16%.

In related news, insider C. Robert Jr. Knox sold 3,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $17.72, for a total transaction of $53,160.00. Following the completion of the transaction, the insider now directly owns 75,716 shares in the company, valued at $1,341,687.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Muzinich & Co. Inc. increased its position in Triangle Capital Corporation by 8.8% in the second quarter. Muzinich & Co. Inc. now owns 1,946,091 shares of the credit services provider’s stock worth $34,290,000 after buying an additional 157,458 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in Triangle Capital Corporation during the second quarter worth about $282,000. Connors Investor Services Inc. increased its position in Triangle Capital Corporation by 1.5% in the second quarter. Connors Investor Services Inc. now owns 116,606 shares of the credit services provider’s stock worth $2,055,000 after buying an additional 1,730 shares in the last quarter. GSA Capital Partners LLP increased its position in Triangle Capital Corporation by 28.3% in the second quarter. GSA Capital Partners LLP now owns 33,467 shares of the credit services provider’s stock worth $590,000 after buying an additional 7,373 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Triangle Capital Corporation by 13.6% in the second quarter. Van ECK Associates Corp now owns 413,691 shares of the credit services provider’s stock worth $7,289,000 after buying an additional 49,381 shares in the last quarter. Institutional investors own 31.86% 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.

Analyst Recommendations for Triangle Capital Corporation (NYSE:TCAP)

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