Here is What Institutional Investors Think About Triangle Capital Corp (NYSE:TCAP)

April 17, 2018 - By Nellie Frank

Triangle Capital Corporation (NYSE:TCAP) Logo

Sentiment for Triangle Capital Corp (NYSE:TCAP)

Triangle Capital Corp (NYSE:TCAP) institutional sentiment increased to 1.09 in 2017 Q4. Its up 0.05, from 1.04 in 2017Q3. The ratio is positive, as 50 institutional investors started new or increased holdings, while 46 cut down and sold their equity positions in Triangle Capital Corp. The institutional investors in our partner’s database now have: 19.38 million shares, up from 15.35 million shares in 2017Q3. Also, the number of institutional investors holding Triangle Capital Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 15 Reduced: 31 Increased: 25 New Position: 25.

Triangle Capital Corporation is a business development firm specializing in private equity and mezzanine investments. The company has market cap of $565.01 million. 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. It currently has negative earnings. The firm prefers to make investments in many business sectors including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media, and others.

The stock increased 0.56% or $0.07 during the last trading session, reaching $11.77. About 195,514 shares traded. Triangle Capital Corporation (NYSE:TCAP) has declined 40.39% since April 17, 2017 and is downtrending. It has underperformed by 51.94% the S&P500.

Analysts await Triangle Capital Corporation (NYSE:TCAP) to report earnings on May, 2. They expect $0.28 EPS, down 33.33 % or $0.14 from last year’s $0.42 per share. TCAP’s profit will be $13.44 million for 10.51 P/E if the $0.28 EPS becomes a reality. After $0.38 actual EPS reported by Triangle Capital Corporation for the previous quarter, Wall Street now forecasts -26.32 % negative EPS growth.

Greenwich Investment Management Inc. holds 3.69% of its portfolio in Triangle Capital Corporation for 271,484 shares. Kdi Capital Partners Llc owns 652,770 shares or 2.46% of their US portfolio. Moreover, Muzinich & Co. Inc. has 1.72% invested in the company for 1.39 million shares. The New Jersey-based Caxton Corp has invested 0.47% in the stock. Ares Management Llc, a California-based fund reported 942,770 shares.#img1#

Triangle Capital Corporation (NYSE:TCAP) Ratings Coverage

Ratings analysis reveals 33% of Triangle Capital’s analysts are positive. Out of 6 Wall Street analysts rating Triangle Capital, 2 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $10.0 while the high is $14.5. The stock’s average target of $11.88 is 0.93% above today’s ($11.77) share price. TCAP was included in 12 notes of analysts from October 18, 2017. Keefe Bruyette & Woods maintained Triangle Capital Corporation (NYSE:TCAP) rating on Wednesday, April 4. Keefe Bruyette & Woods has “Hold” rating and $12.5000 target. The firm has “Hold” rating given on Sunday, October 22 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Hold” rating and $12.5000 target in Tuesday, April 10 report. As per Thursday, April 5, the company rating was downgraded by Raymond James. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, March 1. Hilliard Lyons upgraded the shares of TCAP in report on Wednesday, October 18 to “Long-Term Buy” rating. The stock of Triangle Capital Corporation (NYSE:TCAP) has “Hold” rating given on Friday, March 2 by Jefferies. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, November 2. Raymond James upgraded the stock to “Hold” rating in Thursday, January 11 report. The company was downgraded on Thursday, November 16 by Jefferies.

Triangle Capital Corporation (NYSE:TCAP) Institutional Positions Chart

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