Triangle Capital Corp. Coverage Initiated by Analysts at JMP Securities (TCAP)
JMP Securities began coverage on shares of Triangle Capital Corp. (NASDAQ:TCAP) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Shares of Triangle Capital Corp. (NASDAQ:TCAP) opened at 29.38 on Wednesday. Triangle Capital Corp. has a 1-year low of $21.36 and a 1-year high of $30.70. The stock’s 50-day moving average is $29.29 and its 200-day moving average is $28.57. The company has a market cap of $810.9 million and a P/E ratio of 11.17.
Triangle Capital Corp. (NASDAQ:TCAP) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.02. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $24.89 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Analysts expect that Triangle Capital Corp. will post $2.24 EPS for the current fiscal year.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Triangle Capital Corp. from $30.50 to $30.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.88.
Triangle Capital Corporation is a specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States.
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