ValuEngine Downgrades Triangle Capital (TCAP) to Buy

ValuEngine downgraded shares of Triangle Capital (NYSE:TCAP) from a strong-buy rating to a buy rating in a research report released on Sunday.

Several other research firms also recently weighed in on TCAP. Keefe, Bruyette & Woods set a $18.00 price target on Triangle Capital and gave the stock a hold rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded Triangle Capital from a sell rating to a hold rating in a research note on Wednesday, October 11th. Raymond James Financial restated an underperform rating on shares of Triangle Capital in a research note on Tuesday, October 17th. Hilliard Lyons upgraded Triangle Capital from a neutral rating to a buy rating and set a $14.00 price target for the company in a research note on Wednesday, October 18th. Finally, National Securities dropped their price target on Triangle Capital from $18.00 to $16.00 and set a neutral rating for the company in a research note on Tuesday, October 24th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $16.57.

Shares of Triangle Capital (NYSE TCAP) traded down $0.08 during trading hours on Friday, hitting $9.52. The company had a trading volume of 326,955 shares, compared to its average volume of 358,385. The company has a market cap of $454.49, a P/E ratio of -10.58, a PEG ratio of 1.41 and a beta of 0.82. 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 has a 52 week low of $8.91 and a 52 week high of $20.35.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 12.61%. Triangle Capital’s dividend payout ratio (DPR) is -133.33%.

Several institutional investors and hedge funds have recently modified their holdings of TCAP. WFG Advisors LP purchased a new stake in shares of Triangle Capital during the 2nd quarter worth approximately $101,000. Financial Counselors Inc. purchased a new stake in shares of Triangle Capital during the 3rd quarter worth approximately $143,000. Commerce Bank purchased a new stake in shares of Triangle Capital during the 3rd quarter worth approximately $171,000. Wasatch Advisors Inc. purchased a new stake in shares of Triangle Capital during the 2nd quarter worth approximately $235,000. Finally, IHT Wealth Management LLC raised its holdings in shares of Triangle Capital by 11.4% during the 2nd quarter. IHT Wealth Management LLC now owns 2,450 shares of the credit services provider’s stock worth $249,000 after acquiring an additional 250 shares in the last quarter. 35.15% of the stock is currently owned by institutional investors and hedge funds.

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Triangle Capital 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Triangle Capital (NYSE:TCAP)

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