Were Analysts Bullish Triangle Capital Corporation (NYSE:TCAP) This Week?

June 16, 2018 - By Vivian Park

Triangle Capital Corporation (NYSE:TCAP) LogoInvestors sentiment decreased to 0.96 in Q1 2018. Its down 0.13, from 1.09 in 2017Q4. It fall, as 18 investors sold Triangle Capital Corporation shares while 29 reduced holdings. 16 funds opened positions while 29 raised stakes. 21.58 million shares or 11.35% more from 19.38 million shares in 2017Q4 were reported.
Moreover, Credit Suisse Ag has 0.01% invested in Triangle Capital Corporation (NYSE:TCAP). Stifel Financial invested 0% in Triangle Capital Corporation (NYSE:TCAP). Muzinich & Inc invested 3.61% in Triangle Capital Corporation (NYSE:TCAP). Morgan Stanley holds 0% or 131,331 shares. Citigroup reported 276,972 shares. Cubist Systematic Strategies holds 0.01% or 18,415 shares. Van Eck Associate holds 0.02% or 354,874 shares. Raymond James Assocs invested in 111,230 shares. Deutsche Bancorporation Ag reported 0% of its portfolio in Triangle Capital Corporation (NYSE:TCAP). Pnc Fincl Svcs Group Incorporated Incorporated has invested 0% in Triangle Capital Corporation (NYSE:TCAP). West Family Invs Inc holds 0.13% or 45,700 shares in its portfolio. Commercial Bank Of America Corp De holds 0% or 64,553 shares in its portfolio. Sigma Planning Corp holds 14,417 shares or 0.01% of its portfolio. The Pennsylvania-based Connors Investor Services has invested 0.22% in Triangle Capital Corporation (NYSE:TCAP). 169,192 were reported by Goldman Sachs Group.

Triangle Capital Corporation (NYSE:TCAP) Ratings Coverage

Among 3 analysts covering Triangle Capital (NYSE:TCAP), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Triangle Capital has $12.5000 highest and $12.0 lowest target. $12.25’s average target is 8.22% above currents $11.32 stock price. Triangle Capital had 6 analyst reports since January 11, 2018 according to SRatingsIntel. The company was maintained on Thursday, March 1 by Keefe Bruyette & Woods. The stock of Triangle Capital Corporation (NYSE:TCAP) has “Hold” rating given on Friday, March 2 by Jefferies. Raymond James downgraded the stock to “Sell” rating in Thursday, April 5 report. The firm earned “Hold” rating on Wednesday, April 4 by Keefe Bruyette & Woods. Raymond James upgraded the shares of TCAP in report on Thursday, January 11 to “Hold” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, April 10 report. Below is a list of Triangle Capital Corporation (NYSE:TCAP) latest ratings and price target changes.

10/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $12.5000 Maintain
05/04/2018 Broker: Raymond James Rating: Sell Downgrade
04/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $12.5000 Maintain
02/03/2018 Broker: Jefferies Rating: Hold New Target: $12.0 Maintain
01/03/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $12.0 Maintain
11/01/2018 Broker: Raymond James Rating: Hold Upgrade

The stock increased 0.53% or $0.06 during the last trading session, reaching $11.32. About 272,099 shares traded. Triangle Capital Corporation (NYSE:TCAP) has declined 38.09% since June 16, 2017 and is downtrending. It has underperformed by 50.66% the S&P500.

Triangle Capital Corporation is a business development firm specializing in private equity and mezzanine investments. The company has market cap of $543.93 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.

More recent Triangle Capital Corporation (NYSE:TCAP) news were published by: Globenewswire.com which released: “Triangle Capital Corporation to Hold Special Stockholder Meeting on July 24, 2018 to Seek Approval of Sale of …” on June 04, 2018. Also Bizjournals.com published the news titled: “TCAP deal could close in July” on June 05, 2018. Seekingalpha.com‘s news article titled: “Triangle Capital to hold special meeting July 24 on portfolio sale” with publication date: June 04, 2018 was also an interesting one.

Triangle Capital Corporation (NYSE:TCAP) Institutional Positions Chart

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