Triangle Capital Corporation (NYSE:TCAP)‘s stock had its “underperform” rating restated by analysts at Raymond James Financial, Inc. in a research report issued on Tuesday.

Several other analysts have also recently commented on TCAP. Hilliard Lyons upgraded shares of Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Monday, June 26th. Aegis started coverage on shares of Triangle Capital Corporation in a report on Monday, June 26th. They set a “buy” rating for the company. ValuEngine cut shares of Triangle Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research cut shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, BidaskClub cut shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Triangle Capital Corporation currently has an average rating of “Hold” and an average price target of $18.14.

Triangle Capital Corporation (NYSE:TCAP) opened at 13.17 on Tuesday. The company’s 50-day moving average is $13.76 and its 200 day moving average is $16.37. Triangle Capital Corporation has a 12 month low of $12.65 and a 12 month high of $20.35. The firm has a market cap of $628.80 million, a price-to-earnings ratio of 27.38 and a beta of 0.92.

Triangle Capital Corporation (NYSE:TCAP) last posted its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $31.20 million for the quarter, compared to analyst estimates of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. On average, equities research analysts predict that Triangle Capital Corporation will post $1.67 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of TCAP. JPMorgan Chase & Co. raised its position in Triangle Capital Corporation by 649.1% during the first quarter. JPMorgan Chase & Co. now owns 16,795 shares of the credit services provider’s stock valued at $321,000 after acquiring an additional 14,553 shares in the last quarter. Legal & General Group Plc raised its position in Triangle Capital Corporation by 15.3% during the first quarter. Legal & General Group Plc now owns 98,176 shares of the credit services provider’s stock valued at $1,873,000 after acquiring an additional 13,017 shares in the last quarter. Morgan Stanley raised its position in Triangle Capital Corporation by 3.3% during the first quarter. Morgan Stanley now owns 333,326 shares of the credit services provider’s stock valued at $6,363,000 after acquiring an additional 10,678 shares in the last quarter. Bank of America Corp DE raised its position in Triangle Capital Corporation by 567.9% during the first quarter. Bank of America Corp DE now owns 169,483 shares of the credit services provider’s stock valued at $3,236,000 after acquiring an additional 144,106 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its position in Triangle Capital Corporation by 44.3% during the first quarter. Salem Investment Counselors Inc. now owns 101,750 shares of the credit services provider’s stock valued at $1,942,000 after acquiring an additional 31,225 shares in the last quarter. 31.36% of the stock is currently owned by hedge funds and other institutional investors.

About Triangle Capital Corporation

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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