Wall Street brokerages expect that Triangle Capital Corporation (NYSE:TCAP) will announce $32.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Triangle Capital Corporation’s earnings, with the highest sales estimate coming in at $34.09 million and the lowest estimate coming in at $31.74 million. Triangle Capital Corporation posted sales of $27.41 million in the same quarter last year, which suggests a positive year over year growth rate of 19.8%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that Triangle Capital Corporation will report full year sales of $32.83 million for the current financial year, with estimates ranging from $125.53 million to $131.30 million. For the next fiscal year, analysts expect that the firm will report sales of $147.83 million per share, with estimates ranging from $142.65 million to $156.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Triangle Capital Corporation.

Triangle Capital Corporation (NYSE:TCAP) last posted its quarterly earnings data 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). The company had revenue of $31.20 million for the quarter, compared to analysts’ expectations of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS.

Several equities analysts recently commented on TCAP shares. Robert W. Baird raised shares of Triangle Capital Corporation from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Monday, August 28th. ValuEngine raised shares of Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Aegis initiated coverage on shares of Triangle Capital Corporation in a research report on Monday, June 26th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Triangle Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, JMP Securities lowered shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Triangle Capital Corporation currently has a consensus rating of “Hold” and an average price target of $18.36.

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Several hedge funds have recently made changes to their positions in the company. Muzinich & Co. Inc. boosted its stake in shares of Triangle Capital Corporation by 8.8% in the second quarter. Muzinich & Co. Inc. now owns 1,946,091 shares of the credit services provider’s stock valued at $34,290,000 after purchasing an additional 157,458 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Triangle Capital Corporation by 3.8% in the second quarter. Wells Fargo & Company MN now owns 1,431,092 shares of the credit services provider’s stock valued at $25,216,000 after purchasing an additional 52,878 shares during the period. UBS Group AG boosted its stake in shares of Triangle Capital Corporation by 47.7% in the first quarter. UBS Group AG now owns 831,395 shares of the credit services provider’s stock valued at $15,872,000 after purchasing an additional 268,535 shares during the period. Van ECK Associates Corp boosted its stake in shares of Triangle Capital Corporation by 13.6% in the second quarter. Van ECK Associates Corp now owns 413,691 shares of the credit services provider’s stock valued at $7,289,000 after purchasing an additional 49,381 shares during the period. Finally, Ares Management LLC boosted its stake in shares of Triangle Capital Corporation by 26.1% in the second quarter. Ares Management LLC now owns 405,456 shares of the credit services provider’s stock valued at $714,413,000 after purchasing an additional 83,876 shares during the period. Institutional investors and hedge funds own 31.36% of the company’s stock.

Triangle Capital Corporation (TCAP) opened at 13.85 on Friday. The stock has a market cap of $661.27 million, a PE ratio of 28.79 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. The company’s 50 day moving average is $13.79 and its 200-day moving average is $16.55.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.80 annualized dividend and a dividend yield of 13.00%. Triangle Capital Corporation’s dividend payout ratio (DPR) is presently 346.16%.

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.

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