Triangle Capital Corp. Upgraded to Buy at Janney Montgomery Scott (TCAP)
Triangle Capital Corp. (NASDAQ:TCAP) was upgraded by stock analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Shares of Triangle Capital Corp. (NASDAQ:TCAP) traded down 4.66% on Thursday, hitting $24.74. 593,856 shares of the company’s stock traded hands. Triangle Capital Corp. has a 52 week low of $24.68 and a 52 week high of $30.42. The stock has a 50-day moving average of $26.01 and a 200-day moving average of $27.62. The company has a market cap of $689.7 million and a price-to-earnings ratio of 8.81.
Triangle Capital Corp. (NASDAQ:TCAP) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. During the same quarter in the previous year, the company posted $0.56 earnings per share. Analysts expect that Triangle Capital Corp. will post $2.15 EPS for the current fiscal year.
Triangle Capital Corporation is a specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.