Triangle Capital Corporation (TCAP) Downgraded by Hilliard Lyons
Triangle Capital Corporation (NYSE:TCAP) was downgraded by equities research analysts at Hilliard Lyons from a “buy” rating to a “neutral” rating in a research note issued on Monday.
A number of other equities analysts also recently weighed in on TCAP. JMP Securities downgraded shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday. BidaskClub downgraded shares of Triangle Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Keefe, Bruyette & Woods downgraded shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $20.50 to $18.00 in a research note on Thursday. Zacks Investment Research downgraded shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, National Securities reaffirmed a “buy” rating and issued a $22.00 price target on shares of Triangle Capital Corporation in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Triangle Capital Corporation has an average rating of “Hold” and an average target price of $20.17.
Triangle Capital Corporation (NYSE:TCAP) last announced its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The firm had revenue of $31.20 million for the quarter, compared to the consensus estimate of $33.25 million. During the same period in the prior year, the business earned $0.49 EPS. Triangle Capital Corporation’s quarterly revenue was up 3.3% on a year-over-year basis.
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In other Triangle Capital Corporation news, insider C. Robert Jr. Knox sold 3,000 shares of Triangle Capital Corporation stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $17.72, for a total value of $53,160.00. Following the completion of the sale, the insider now directly owns 75,716 shares of the company’s stock, valued at $1,341,687.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.10% of the company’s stock.
A number of large investors have recently bought and sold shares of TCAP. Trust Co. of Vermont bought a new stake in Triangle Capital Corporation during the first quarter valued at $106,000. Sigma Planning Corp acquired a new position in shares of Triangle Capital Corporation during the second quarter worth about $181,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Triangle Capital Corporation during the first quarter worth about $210,000. HL Financial Services LLC boosted its position in shares of Triangle Capital Corporation by 2.7% in the first quarter. HL Financial Services LLC now owns 11,350 shares of the credit services provider’s stock worth $217,000 after buying an additional 300 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of Triangle Capital Corporation by 8.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 14,053 shares of the credit services provider’s stock worth $268,000 after buying an additional 1,048 shares in the last quarter. 31.86% of the stock is owned by hedge funds and other institutional investors.
About Triangle Capital Corporation
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.
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