Triangle Capital (TCAP) Given a $13.00 Price Target at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods set a $13.00 price target on Triangle Capital (NYSE:TCAP) in a research report sent to investors on Wednesday. The brokerage currently has a hold rating on the credit services provider’s stock.

TCAP has been the subject of a number of other research reports. ValuEngine lowered Triangle Capital from a strong-buy rating to a buy rating in a research note on Sunday, December 31st. Raymond James Financial raised Triangle Capital from an underperform rating to a market perform rating in a research note on Thursday, January 11th. UBS raised Triangle Capital from an underperform rating to a market perform rating in a research note on Thursday, January 11th. National Securities reissued a neutral rating and issued a $11.00 target price on shares of Triangle Capital in a research note on Friday, March 2nd. Finally, Zacks Investment Research raised Triangle Capital from a sell rating to a hold rating in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Triangle Capital has a consensus rating of Hold and an average price target of $15.50.

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NYSE TCAP opened at $11.60 on Wednesday. Triangle Capital has a 1-year low of $8.91 and a 1-year high of $19.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 43.15 and a quick ratio of 43.15. The stock has a market capitalization of $578.70, a PE ratio of 7.48, a P/E/G ratio of 1.95 and a beta of 0.77.

Triangle Capital (NYSE:TCAP) last released its earnings results on Wednesday, February 28th. The credit services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. Triangle Capital had a positive return on equity of 10.67% and a negative net margin of 23.29%. The company had revenue of $31.70 million during the quarter, compared to analyst estimates of $28.85 million. During the same quarter in the previous year, the company posted $0.46 EPS. equities research analysts forecast that Triangle Capital will post 1.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date was Tuesday, March 13th. Triangle Capital’s payout ratio is 77.42%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCAP. Citadel Advisors LLC raised its position in Triangle Capital by 3,985.8% during the 4th quarter. Citadel Advisors LLC now owns 1,747,297 shares of the credit services provider’s stock valued at $16,582,000 after purchasing an additional 1,704,532 shares during the last quarter. KDI Capital Partners LLC bought a new position in Triangle Capital during the 4th quarter valued at approximately $6,195,000. Ironsides Partners LLC bought a new position in Triangle Capital during the 4th quarter valued at approximately $5,210,000. Wells Fargo & Company MN raised its position in Triangle Capital by 36.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,952,522 shares of the credit services provider’s stock valued at $27,882,000 after purchasing an additional 521,430 shares during the last quarter. Finally, Ares Management LLC raised its position in Triangle Capital by 107.3% during the 4th quarter. Ares Management LLC now owns 942,770 shares of the credit services provider’s stock valued at $8,947,000 after purchasing an additional 487,910 shares during the last quarter. 45.09% of the stock is owned by institutional investors and hedge funds.

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About Triangle Capital

Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

Analyst Recommendations for Triangle Capital (NYSE:TCAP)

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