Triangle Capital Co. (NYSE:TCAP) – Jefferies Group decreased their Q3 2018 EPS estimates for shares of Triangle Capital in a report issued on Tuesday, April 17th. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will earn $0.04 per share for the quarter, down from their previous forecast of $0.31. Jefferies Group also issued estimates for Triangle Capital’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.73 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.52 EPS.
TCAP has been the topic of several other reports. ValuEngine raised shares of Triangle Capital from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Keefe, Bruyette & Woods set a $13.00 price objective on shares of Triangle Capital and gave the company a “hold” rating in a report on Wednesday, April 4th. Raymond James downgraded shares of Triangle Capital from a “market perform” rating to an “underperform” rating in a report on Thursday, April 5th. They noted that the move was a valuation call. National Securities reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Triangle Capital in a report on Friday, March 2nd. Finally, Zacks Investment Research raised shares of Triangle Capital from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Triangle Capital presently has a consensus rating of “Hold” and an average price target of $15.42.
TCAP stock opened at $11.74 on Thursday. The firm has a market capitalization of $565.25, a PE ratio of 7.57 and a beta of 0.77. The company has a current ratio of 43.15, a quick ratio of 43.15 and a debt-to-equity ratio of 0.88. Triangle Capital has a 12 month low of $8.91 and a 12 month high of $19.15.
Triangle Capital (NYSE:TCAP) last released its quarterly earnings data on Wednesday, February 28th. The credit services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $31.70 million for the quarter, compared to the consensus estimate of $28.85 million. Triangle Capital had a negative net margin of 23.29% and a positive return on equity of 10.67%. During the same period in the prior year, the firm earned $0.46 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its holdings in 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 buying an additional 7,307 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Triangle Capital by 45.8% during the fourth quarter. Baird Financial Group Inc. now owns 33,645 shares of the credit services provider’s stock worth $319,000 after buying an additional 10,566 shares in the last quarter. First Personal Financial Services boosted its holdings in Triangle Capital by 8.9% during the fourth quarter. First Personal Financial Services now owns 129,889 shares of the credit services provider’s stock worth $1,233,000 after buying an additional 10,603 shares in the last quarter. Creative Planning purchased a new stake in Triangle Capital during the fourth quarter worth $108,000. Finally, Bank of New York Mellon Corp purchased a new stake in Triangle Capital during the fourth quarter worth $113,000. 45.42% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend was Tuesday, March 13th. Triangle Capital’s dividend payout ratio (DPR) is presently 77.42%.
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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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