Peloton Wealth Strategists lifted its holdings in shares of Triangle Capital Corporation (NYSE:TCAP) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,423 shares of the credit services provider’s stock after buying an additional 33 shares during the quarter. Peloton Wealth Strategists owned about 0.08% of Triangle Capital Corporation worth $695,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. UBS Group AG grew its holdings in 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 valued at $15,872,000 after purchasing an additional 268,535 shares during the period. BB&T Securities LLC grew its holdings in 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 valued at $2,770,000 after purchasing an additional 67,097 shares during the period. Wealthsource Partners LLC grew its holdings in Triangle Capital Corporation by 2.7% during the first quarter. Wealthsource Partners LLC now owns 16,415 shares of the credit services provider’s stock valued at $313,000 after purchasing an additional 425 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 valued at $321,000 after purchasing an additional 14,553 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Triangle Capital Corporation during the first quarter valued at approximately $210,000. Institutional investors own 31.38% of the company’s stock.
In related news, insider C. Robert Jr. Knox sold 3,000 shares of Triangle Capital Corporation stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $17.72, for a total value of $53,160.00. Following the completion of the sale, the insider now owns 75,716 shares of the company’s stock, valued at approximately $1,341,687.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.10% of the company’s stock.
Shares of Triangle Capital Corporation (NYSE:TCAP) traded up 1.05% on Tuesday, reaching $13.45. 238,018 shares of the company’s stock were exchanged. Triangle Capital Corporation has a 52-week low of $12.84 and a 52-week high of $20.35. The company’s 50 day moving average price is $14.58 and its 200-day moving average price is $17.37. The stock has a market cap of $642.17 million, a P/E ratio of 27.96 and a beta of 0.92.
Triangle Capital Corporation (NYSE:TCAP) last announced its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $31.20 million for the quarter, compared to analyst estimates of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. Equities analysts forecast that Triangle Capital Corporation will post $1.67 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.52%. The ex-dividend date is Friday, September 1st. Triangle Capital Corporation’s payout ratio is currently 346.16%.
A number of brokerages recently issued reports on TCAP. Wunderlich began coverage on shares of Triangle Capital Corporation in a report on Wednesday, May 17th. They set a “buy” rating and a $23.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and set a $23.00 price objective on shares of Triangle Capital Corporation in a report on Monday, May 15th. ValuEngine cut shares of Triangle Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods cut shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $20.50 to $18.00 in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.36.
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Triangle Capital Corporation 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.
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