Triangle Capital Corporation (NYSE:TCAP) has been assigned a $18.00 price target by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Thursday. The brokerage currently has a “hold” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 28.02% from the stock’s current price.

A number of other research analysts have also recently weighed in on TCAP. ValuEngine upgraded Triangle Capital Corporation from a “hold” rating to a “buy” rating in a report on Monday. JMP Securities cut Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 9th. BidaskClub cut Triangle Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Hilliard Lyons cut Triangle Capital Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $15.50 in a report on Monday, August 7th. Finally, National Securities cut Triangle Capital Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $18.00 in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Triangle Capital Corporation has a consensus rating of “Hold” and an average target price of $18.36.

Triangle Capital Corporation (TCAP) traded down 1.14% during trading on Thursday, reaching $13.90. The company had a trading volume of 77,134 shares. The company has a market capitalization of $663.66 million, a P/E ratio of 28.90 and a beta of 0.92. The firm’s 50 day moving average is $13.71 and its 200-day moving average is $16.71. Triangle Capital Corporation has a 12 month low of $12.84 and a 12 month high of $20.35.

Triangle Capital Corporation (NYSE:TCAP) last issued its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Triangle Capital Corporation had a net margin of 16.92% and a return on equity of 10.51%. The firm had revenue of $31.20 million during the quarter, compared to analyst estimates of $33.25 million. During the same quarter in the previous year, the business posted $0.49 EPS. Triangle Capital Corporation’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Triangle Capital Corporation will post $1.67 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of TCAP. Stanley Laman Group Ltd. lifted its stake in shares of Triangle Capital Corporation by 2.6% during the fourth quarter. Stanley Laman Group Ltd. now owns 111,042 shares of the credit services provider’s stock worth $2,122,000 after purchasing an additional 2,785 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Triangle Capital Corporation by 16.7% in the fourth quarter. Neuberger Berman Group LLC now owns 119,000 shares of the credit services provider’s stock worth $2,274,000 after acquiring an additional 17,000 shares in the last quarter. LSV Asset Management lifted its stake in shares of Triangle Capital Corporation by 2.2% in the fourth quarter. LSV Asset Management now owns 95,600 shares of the credit services provider’s stock worth $1,826,000 after acquiring an additional 2,066 shares in the last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of Triangle Capital Corporation by 0.6% in the fourth quarter. Miller Howard Investments Inc. NY now owns 118,054 shares of the credit services provider’s stock worth $2,256,000 after acquiring an additional 651 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC lifted its stake in shares of Triangle Capital Corporation by 6.5% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 52,559 shares of the credit services provider’s stock worth $1,004,000 after acquiring an additional 3,193 shares in the last quarter. Institutional investors own 31.36% of the company’s stock.

Triangle Capital Corporation 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.

Analyst Recommendations for Triangle Capital Corporation (NYSE:TCAP)

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