Triangle Capital Corporation (TCAP) Given a $18.00 Price Target at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods set a $18.00 target price on Triangle Capital Corporation (NYSE:TCAP) in a research report released on Thursday morning. The firm currently has a hold rating on the credit services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Triangle Capital Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. Robert W. Baird upgraded shares of Triangle Capital Corporation from a neutral rating to an outperform rating and set a $16.00 target price for the company in a report on Monday, August 28th. Jefferies Group LLC restated a buy rating and issued a $18.00 target price (down from $23.00) on shares of Triangle Capital Corporation in a report on Wednesday, August 9th. JMP Securities cut shares of Triangle Capital Corporation from an outperform rating to a market perform rating in a research report on Wednesday, August 9th. Finally, National Securities cut shares of Triangle Capital Corporation from a buy rating to a neutral rating and reduced their price target for the company from $22.00 to $18.00 in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Triangle Capital Corporation presently has an average rating of Hold and an average price target of $18.36.

Triangle Capital Corporation (TCAP) opened at 13.96 on Thursday. The stock has a 50 day moving average of $13.73 and a 200 day moving average of $16.68. The firm has a market capitalization of $666.52 million, a price-to-earnings ratio of 29.02 and a beta of 0.91. Triangle Capital Corporation has a one year low of $12.84 and a one year high of $20.35.

Triangle Capital Corporation (NYSE:TCAP) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $33.25 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Triangle Capital Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Triangle Capital Corporation will post $1.67 earnings per share for the current year.

WARNING: “Triangle Capital Corporation (TCAP) Given a $18.00 Price Target at Keefe, Bruyette & Woods” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/09/triangle-capital-corporation-tcap-given-a-18-00-price-target-at-keefe-bruyette-woods.html.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a yield of 12.89%. Triangle Capital Corporation’s dividend payout ratio (DPR) is 346.16%.

Hedge funds have recently made changes to their positions in the business. UBS Group AG lifted its position in shares of Triangle Capital Corporation by 47.7% during the first quarter. UBS Group AG now owns 831,395 shares of the credit services provider’s stock worth $15,872,000 after purchasing an additional 268,535 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Triangle Capital Corporation by 74.5% during the second quarter. BB&T Securities LLC now owns 157,181 shares of the credit services provider’s stock worth $2,770,000 after purchasing an additional 67,097 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Triangle Capital Corporation by 649.1% during the first quarter. JPMorgan Chase & Co. now owns 16,795 shares of the credit services provider’s stock worth $321,000 after purchasing an additional 14,553 shares in the last quarter. First Personal Financial Services acquired a new position in shares of Triangle Capital Corporation during the second quarter worth $1,908,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Triangle Capital Corporati

A number of other equities research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Triangle Capital Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. Robert W. Baird upgraded shares of Triangle Capital Corporation from a neutral rating to an outperform rating and set a $16.00 target price for the company in a report on Monday, August 28th. Jefferies Group LLC restated a buy rating and issued a $18.00 target price (down from $23.00) on shares of Triangle Capital Corporation in a report on Wednesday, August 9th. JMP Securities cut shares of Triangle Capital Corporation from an outperform rating to a market perform rating in a research report on Wednesday, August 9th. Finally, National Securities cut shares of Triangle Capital Corporation from a buy rating to a neutral rating and reduced their price target for the company from $22.00 to $18.00 in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Triangle Capital Corporation presently has an average rating of Hold and an average price target of $18.36.

Triangle Capital Corporation (TCAP) opened at 13.96 on Thursday. The stock has a 50 day moving average of $13.73 and a 200 day moving average of $16.68. The firm has a market capitalization of $666.52 million, a price-to-earnings ratio of 29.02 and a beta of 0.91. Triangle Capital Corporation has a one year low of $12.84 and a one year high of $20.35.

Triangle Capital Corporation (NYSE:TCAP) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $33.25 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Triangle Capital Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Triangle Capital Corporation will post $1.67 earnings per share for the current year.

WARNING: “Triangle Capital Corporation (TCAP) Given a $18.00 Price Target at Keefe, Bruyette & Woods” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/09/triangle-capital-corporation-tcap-given-a-18-00-price-target-at-keefe-bruyette-woods.html.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a yield of 12.89%. Triangle Capital Corporation’s dividend payout ratio (DPR) is 346.16%.

Hedge funds have recently made changes to their positions in the business. UBS Group AG lifted its position in shares of Triangle Capital Corporation by 47.7% during the first quarter. UBS Group AG now owns 831,395 shares of the credit services provider’s stock worth $15,872,000 after purchasing an additional 268,535 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Triangle Capital Corporation by 74.5% during the second quarter. BB&T Securities LLC now owns 157,181 shares of the credit services provider’s stock worth $2,770,000 after purchasing an additional 67,097 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Triangle Capital Corporation by 649.1% during the first quarter. JPMorgan Chase & Co. now owns 16,795 shares of the credit services provider’s stock worth $321,000 after purchasing an additional 14,553 shares in the last quarter. First Personal Financial Services acquired a new position in shares of Triangle Capital Corporation during the second quarter worth $1,908,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Triangle Capital Corporation by 13.2% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 309,630 shares of the credit services provider’s stock worth $5,455,000 after purchasing an additional 36,111 shares in the last quarter. 31.36% of the stock is currently owned by hedge funds and other institutional investors.

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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