Shares of Triangle Capital Co. (NYSE:TCAP) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.60.

A number of research analysts have commented on the stock. ValuEngine upgraded shares of Triangle Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. TheStreet lowered shares of Triangle Capital from a “c” rating to a “d+” rating in a research note on Friday, November 17th. Jefferies Group lowered shares of Triangle Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. National Securities dropped their price target on shares of Triangle Capital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Finally, Robert W. Baird dropped their price target on shares of Triangle Capital from $16.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd.

Triangle Capital (NYSE:TCAP) opened at $9.66 on Friday. The company has a quick ratio of 56.98, a current ratio of 56.98 and a debt-to-equity ratio of 0.87. The company has a market cap of $455.45, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Triangle Capital has a one year low of $8.91 and a one year high of $20.35.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.42%. Triangle Capital’s dividend payout ratio (DPR) is -134.83%.

Several institutional investors have recently modified their holdings of TCAP. WFG Advisors LP purchased a new stake in Triangle Capital during the second quarter worth about $101,000. Financial Counselors Inc. purchased a new stake in Triangle Capital during the third quarter worth about $143,000. Commerce Bank purchased a new stake in Triangle Capital during the third quarter worth about $171,000. Sigma Planning Corp purchased a new stake in Triangle Capital during the second quarter worth about $181,000. Finally, Wasatch Advisors Inc. purchased a new stake in Triangle Capital during the second quarter worth about $235,000. Institutional investors and hedge funds own 35.38% of the company’s stock.

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About Triangle Capital

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 (NYSE:TCAP)

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