Triangle Capital Corporation (NYSE:TCAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “TRIANGLE CAPITAL CORPORATION is a specialty finance company organized to provide customized financing solutions to lower middle market companies located throughout the United States. Triangle’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions to fund growth, changes of control, or other corporate events. “

A number of other research analysts also recently issued reports on TCAP. ValuEngine raised shares of Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods set a $18.00 price objective on shares of Triangle Capital Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. JMP Securities downgraded shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Triangle Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Hilliard Lyons downgraded shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $15.50 in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Triangle Capital Corporation has a consensus rating of “Hold” and a consensus target price of $18.36.

Shares of Triangle Capital Corporation (NYSE:TCAP) traded up 0.72% on Wednesday, hitting $13.95. 268,077 shares of the stock traded hands. The stock’s 50 day moving average price is $13.76 and its 200 day moving average price is $16.58. The stock has a market cap of $666.04 million, a P/E ratio of 29.00 and a beta of 0.92. Triangle Capital Corporation has a 52-week low of $12.84 and a 52-week high of $20.35.

Triangle Capital Corporation (NYSE:TCAP) last issued its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $33.25 million. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Triangle Capital Corporation will post $1.67 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Gs Investments Inc. acquired a new stake in Triangle Capital Corporation in the 2nd quarter worth approximately $338,000. WFG Advisors LP acquired a new stake in Triangle Capital Corporation in the 2nd quarter worth approximately $101,000. Wasatch Advisors Inc. acquired a new stake in Triangle Capital Corporation in the 2nd quarter worth approximately $235,000. IHT Wealth Management LLC boosted its stake in Triangle Capital Corporation by 11.4% in the 2nd quarter. IHT Wealth Management LLC now owns 2,450 shares of the credit services provider’s stock worth $249,000 after purchasing an additional 250 shares in the last quarter. Finally, Ares Management LLC boosted its stake in Triangle Capital Corporation by 26.1% in the 2nd quarter. Ares Management LLC now owns 405,456 shares of the credit services provider’s stock worth $714,413,000 after purchasing an additional 83,876 shares in the last quarter. Institutional investors own 31.36% of the company’s stock.

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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Analyst Recommendations for Triangle Capital Corporation (NYSE:TCAP)

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