Several other analysts have also recently weighed in on TCAP. Raymond James Financial Inc. raised shares of Triangle Capital Corp. from an underperform rating to a market perform rating in a research note on Wednesday, June 29th. Jefferies Group reaffirmed a buy rating on shares of Triangle Capital Corp. in a research report on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Triangle Capital Corp. from a sell rating to a hold rating in a research report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $21.40.
Triangle Capital Corp. (NYSE:TCAP) traded up 0.46% during trading on Wednesday, reaching $19.74. 30,209 shares of the company’s stock traded hands. Triangle Capital Corp. has a 12-month low of $14.91 and a 12-month high of $23.19. The company has a 50 day moving average price of $19.65 and a 200-day moving average price of $19.51. The company has a market cap of $787.23 million, a PE ratio of 14.20 and a beta of 0.86.
Triangle Capital Corp. (NYSE:TCAP) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Triangle Capital Corp. had a net margin of 39.44% and a return on equity of 12.56%. The business earned $28.40 million during the quarter. During the same period last year, the company earned $0.49 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that Triangle Capital Corp. will post $1.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 9.16%. Triangle Capital Corp.’s dividend payout ratio (DPR) is presently 129.50%.
A number of large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in Triangle Capital Corp. during the second quarter worth about $908,000. BB&T Securities LLC raised its stake in Triangle Capital Corp. by 19.0% in the second quarter. BB&T Securities LLC now owns 66,397 shares of the company’s stock worth $1,286,000 after buying an additional 10,598 shares during the period. IFC Holdings Incorporated FL raised its stake in Triangle Capital Corp. by 0.4% in the second quarter. IFC Holdings Incorporated FL now owns 20,910 shares of the company’s stock worth $411,000 after buying an additional 92 shares during the period. BB&T Corp raised its stake in Triangle Capital Corp. by 13.2% in the second quarter. BB&T Corp now owns 20,442 shares of the company’s stock worth $396,000 after buying an additional 2,383 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Triangle Capital Corp. by 19.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,216 shares of the company’s stock worth $1,205,000 after buying an additional 9,973 shares during the period. Institutional investors own 19.89% of the company’s stock.
Triangle Capital Corp. Company Profile
Triangle Capital Corporation is a specialty finance company. The Company provides customized financing to lower middle market companies located in the United States. The Company’s investment objective is to seek returns by generating current income from its debt investments and capital appreciation from its equity related investments.
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