Dynamic Technology Lab Private Ltd acquired a new position in shares of Triangle Capital Corp. (NYSE:TCAP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,672 shares of the company’s stock, valued at approximately $304,000.
A number of other large investors also recently modified their holdings of TCAP. BlackRock Group LTD boosted its position in shares of Triangle Capital Corp. by 8.4% in the first quarter. BlackRock Group LTD now owns 156,007 shares of the company’s stock valued at $3,211,000 after buying an additional 12,035 shares during the period. Wealthsource Partners LLC purchased a new position in shares of Triangle Capital Corp. during the first quarter valued at about $317,000. LGT Capital Partners LTD. purchased a new position in shares of Triangle Capital Corp. during the second quarter valued at about $2,720,000. Creative Planning boosted its position in shares of Triangle Capital Corp. by 8.6% in the second quarter. Creative Planning now owns 6,575 shares of the company’s stock valued at $127,000 after buying an additional 523 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Triangle Capital Corp. during the second quarter valued at about $4,070,000. Institutional investors and hedge funds own 19.89% of the company’s stock.
Triangle Capital Corp. (NYSE:TCAP) traded down 0.30% during trading on Friday, hitting $19.76. The company’s stock had a trading volume of 9,833 shares. The company has a 50-day moving average of $19.65 and a 200 day moving average of $19.51. The firm has a market cap of $788.03 million, a PE ratio of 14.22 and a beta of 0.86. Triangle Capital Corp. has a one year low of $14.91 and a one year high of $23.19.
Triangle Capital Corp. (NYSE:TCAP) last issued its earnings results on Wednesday, August 3rd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm earned $28.40 million during the quarter. Triangle Capital Corp. had a net margin of 39.44% and a return on equity of 12.56%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, equities analysts forecast that Triangle Capital Corp. will post $1.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, September 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.08%. Triangle Capital Corp.’s payout ratio is currently 129.50%.
A number of analysts have recently weighed in on TCAP shares. Jefferies Group reissued a “buy” rating on shares of Triangle Capital Corp. in a research report on Thursday, August 4th. Zacks Investment Research upgraded Triangle Capital Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Hilliard Lyons started coverage on Triangle Capital Corp. in a research note on Wednesday. They issued a “buy” rating and a $20.00 target price for the company. Finally, Raymond James Financial Inc. upgraded Triangle Capital Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Triangle Capital Corp. has a consensus rating of “Buy” and an average price target of $21.40.
About Triangle Capital Corp.
Triangle Capital Corporation is a specialty finance company. The Company provides customized financing to lower middle market companies located in the United States. The Company’s investment objective is to seek returns by generating current income from its debt investments and capital appreciation from its equity related investments.
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