Triangle Capital (TCAP) Downgraded by ValuEngine

Triangle Capital (NYSE:TCAP) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other analysts have also issued reports about the stock. Hilliard Lyons upgraded shares of Triangle Capital from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a report on Wednesday, October 18th. Raymond James Financial restated an “underperform” rating on shares of Triangle Capital in a report on Tuesday, October 17th. Stephens lowered shares of Triangle Capital from an “overweight” rating to an “equal weight” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, UBS Group upgraded shares of Triangle Capital from an “underperform” rating to a “market perform” rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Triangle Capital presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Triangle Capital (NYSE:TCAP) traded down $0.05 during midday trading on Friday, reaching $10.61. 369,840 shares of the company’s stock traded hands, compared to its average volume of 480,996. The company has a current ratio of 56.98, a quick ratio of 56.98 and a debt-to-equity ratio of 0.87. Triangle Capital has a twelve month low of $8.91 and a twelve month high of $20.35. The stock has a market capitalization of $506.53, a price-to-earnings ratio of -11.92, a price-to-earnings-growth ratio of 1.59 and a beta of 0.87.

Institutional investors and hedge funds have recently made changes to their positions in the stock. WFG Advisors LP bought a new stake in shares of Triangle Capital during the second quarter valued at approximately $101,000. Creative Planning purchased a new stake in Triangle Capital in the fourth quarter worth approximately $108,000. Financial Counselors Inc. purchased a new stake in Triangle Capital in the third quarter worth approximately $143,000. Commerce Bank purchased a new stake in Triangle Capital in the third quarter worth approximately $171,000. Finally, Wasatch Advisors Inc. purchased a new stake in Triangle Capital in the second quarter worth approximately $235,000. 35.11% of the stock is owned by institutional investors.

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Triangle Capital 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Triangle Capital (NYSE:TCAP)

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