Triangle Capital Corporation (TCAP) Upgraded to Buy by Hilliard Lyons
Triangle Capital Corporation (NYSE:TCAP) was upgraded by research analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $14.00 price target on the credit services provider’s stock. Hilliard Lyons’ price target suggests a potential upside of 6.30% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target (down previously from $23.00) on shares of Triangle Capital Corporation in a research note on Wednesday, August 9th. ValuEngine raised shares of Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Aegis started coverage on shares of Triangle Capital Corporation in a research note on Monday, June 26th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods set a $18.00 price target on shares of Triangle Capital Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, Zacks Investment Research raised shares of Triangle Capital Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.14.
Triangle Capital Corporation (NYSE:TCAP) traded up 4.44% during midday trading on Wednesday, hitting $13.17. 894,127 shares of the stock were exchanged. The company has a 50 day moving average price of $13.76 and a 200 day moving average price of $16.37. Triangle Capital Corporation has a one year low of $12.65 and a one year high of $20.35. The firm has a market capitalization of $628.80 million, a price-to-earnings ratio of 27.38 and a beta of 0.92.
Triangle Capital Corporation (NYSE:TCAP) last announced its quarterly 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 company had revenue of $31.20 million during the quarter, compared to the consensus estimate of $33.25 million. During the same period in the previous year, the firm posted $0.49 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Triangle Capital Corporation will post $1.67 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/18/triangle-capital-corporation-tcap-upgraded-to-buy-by-hilliard-lyons.html.
A number of institutional investors and hedge funds have recently modified their holdings of TCAP. WFG Advisors LP acquired a new position in Triangle Capital Corporation during the second quarter worth $101,000. Sigma Planning Corp acquired a new position in Triangle Capital Corporation during the second quarter worth $181,000. Trust Co. of Vermont increased its holdings in Triangle Capital Corporation by 139.9% during the second quarter. Trust Co. of Vermont now owns 13,342 shares of the credit services provider’s stock worth $235,000 after buying an additional 7,781 shares during the last quarter. Wasatch Advisors Inc. acquired a new position in Triangle Capital Corporation during the second quarter worth $235,000. Finally, IHT Wealth Management LLC increased its holdings in Triangle Capital Corporation by 11.4% during the second quarter. IHT Wealth Management LLC now owns 2,450 shares of the credit services provider’s stock worth $249,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds 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.
Receive News & Ratings for Triangle Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triangle Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.