Triangle Capital (NYSE:TCAP)‘s stock had its “hold” rating reaffirmed by equities researchers at Keefe, Bruyette & Woods in a research note issued on Wednesday. They currently have a $12.50 price target on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 6.66% from the company’s previous close.
Several other research firms have also recently weighed in on TCAP. UBS cut Triangle Capital to an “underperform” rating in a research report on Thursday, April 5th. Raymond James Financial cut Triangle Capital from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 5th. They noted that the move was a valuation call. National Securities reissued a “neutral” rating and set a $13.00 price target (up from $11.00) on shares of Triangle Capital in a research report on Thursday, April 5th. Zacks Investment Research cut Triangle Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Finally, ValuEngine raised Triangle Capital from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Five analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.42.
TCAP stock opened at $11.72 on Wednesday. The company has a quick ratio of 43.15, a current ratio of 43.15 and a debt-to-equity ratio of 0.88. The stock has a market cap of $550.84, a PE ratio of 7.56, a PEG ratio of 1.86 and a beta of 0.77. Triangle Capital has a fifty-two week low of $8.91 and a fifty-two week high of $19.15.
A number of large investors have recently added to or reduced their stakes in TCAP. Creative Planning bought a new position in shares of Triangle Capital during the fourth quarter worth approximately $108,000. Advisor Group Inc. increased its stake in shares of Triangle Capital by 176.2% during the fourth quarter. Advisor Group Inc. now owns 11,453 shares of the credit services provider’s stock worth $110,000 after purchasing an additional 7,307 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Triangle Capital during the fourth quarter worth approximately $113,000. Jane Street Group LLC bought a new position in shares of Triangle Capital during the fourth quarter worth approximately $199,000. Finally, State of Tennessee Treasury Department bought a new position in shares of Triangle Capital during the fourth quarter worth approximately $211,000. Hedge funds and other institutional investors own 45.09% of the company’s stock.
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Triangle Capital Company Profile
Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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