Triangle Capital Corporation (NYSE:TCAP) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research report issued on Friday.

Several other brokerages have also commented on TCAP. Raymond James Financial, Inc. restated an “underperform” rating on shares of Triangle Capital Corporation in a research note on Tuesday, October 17th. National Securities dropped their price target on Triangle Capital Corporation from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. Jefferies Group LLC restated a “buy” rating and set a $18.00 price target (down from $23.00) on shares of Triangle Capital Corporation in a research note on Wednesday, August 9th. Hilliard Lyons upgraded Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, October 18th. Finally, JMP Securities lowered Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.57.

Shares of Triangle Capital Corporation (NYSE:TCAP) opened at $9.70 on Friday. The company has a market capitalization of $458.79, a PE ratio of 5.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.87, a quick ratio of 56.98 and a current ratio of 56.98. Triangle Capital Corporation has a 12 month low of $8.91 and a 12 month high of $20.35.

Triangle Capital Corporation (NYSE:TCAP) last announced its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.05). The firm had revenue of $29.88 million for the quarter, compared to analyst estimates of $32.84 million. Triangle Capital Corporation had a positive return on equity of 10.67% and a negative net margin of 36.80%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. sell-side analysts anticipate that Triangle Capital Corporation will post 1.56 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of TCAP. State of New Jersey Common Pension Fund D grew its stake in shares of Triangle Capital Corporation by 262.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,450,000 shares of the credit services provider’s stock valued at $20,706,000 after buying an additional 1,050,000 shares in the last quarter. Muzinich & Co. Inc. grew its stake in shares of Triangle Capital Corporation by 95.5% in the first quarter. Muzinich & Co. Inc. now owns 1,788,633 shares of the credit services provider’s stock valued at $34,145,000 after buying an additional 873,912 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Triangle Capital Corporation by 36.4% in the third quarter. Wells Fargo & Company MN now owns 1,952,522 shares of the credit services provider’s stock valued at $27,882,000 after buying an additional 521,430 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new position in Triangle Capital Corporation in the first quarter valued at about $5,345,000. Finally, UBS Group AG boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 33.84% 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.

Analyst Recommendations for Triangle Capital Corporation (NYSE:TCAP)

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