Carroll Financial Associates Inc. Has $1.15 Million Position in Triangle Capital Co. (TCAP)

Carroll Financial Associates Inc. boosted its holdings in Triangle Capital Co. (NYSE:TCAP) by 475.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 121,400 shares of the credit services provider’s stock after acquiring an additional 100,300 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Triangle Capital were worth $1,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in Triangle Capital by 36.4% in the third quarter. Wells Fargo & Company MN now owns 1,952,522 shares of the credit services provider’s stock worth $27,882,000 after purchasing an additional 521,430 shares during the period. Muzinich & Co. Inc. raised its holdings in Triangle Capital 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 purchasing an additional 157,458 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Triangle Capital by 262.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,450,000 shares of the credit services provider’s stock worth $20,706,000 after purchasing an additional 1,050,000 shares during the period. Van ECK Associates Corp raised its holdings in Triangle Capital 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 purchasing an additional 49,381 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its holdings in Triangle Capital by 32.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 410,008 shares of the credit services provider’s stock worth $5,854,000 after purchasing an additional 100,378 shares during the period. Institutional investors and hedge funds own 34.92% of the company’s stock.

Shares of Triangle Capital Co. (NYSE:TCAP) opened at $10.27 on Friday. The company has a current ratio of 56.98, a quick ratio of 56.98 and a debt-to-equity ratio of 0.87. Triangle Capital Co. has a 12-month low of $8.91 and a 12-month high of $20.35. The stock has a market cap of $490.30, a price-to-earnings ratio of -11.41, a PEG ratio of 1.47 and a beta of 0.82.

Triangle Capital (NYSE:TCAP) last issued its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.05). Triangle Capital had a positive return on equity of 10.67% and a negative net margin of 36.80%. The company had revenue of $29.88 million for the quarter, compared to the consensus estimate of $32.84 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. research analysts expect that Triangle Capital Co. will post 1.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 11.68%. The ex-dividend date was Tuesday, December 5th. Triangle Capital’s dividend payout ratio is -133.33%.

Several research firms have weighed in on TCAP. UBS Group upgraded shares of Triangle Capital from an “underperform” rating to a “market perform” rating in a report on Thursday, January 11th. Raymond James Financial upgraded shares of Triangle Capital from an “underperform” rating to a “market perform” rating in a report on Thursday, January 11th. ValuEngine upgraded shares of Triangle Capital from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, National Securities cut their target price on shares of Triangle Capital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.00.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3145233/carroll-financial-associates-inc-has-1-15-million-position-in-triangle-capital-co-tcap.html.

About Triangle Capital

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.

Want to see what other hedge funds are holding TCAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triangle Capital Co. (NYSE:TCAP).

Institutional Ownership by Quarter for Triangle Capital (NYSE:TCAP)

Receive News & Ratings for Triangle Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triangle Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.