Salzhauer Michael Continues to Hold Position in Triangle Capital Corporation (NYSE:TCAP)

Salzhauer Michael maintained its stake in shares of Triangle Capital Corporation (NYSE:TCAP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,887 shares of the credit services provider’s stock at the end of the second quarter. Salzhauer Michael owned approximately 0.16% of Triangle Capital Corporation worth $1,337,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. HL Financial Services LLC increased its stake in Triangle Capital Corporation by 2.7% in the first quarter. HL Financial Services LLC now owns 11,350 shares of the credit services provider’s stock worth $217,000 after buying an additional 300 shares in the last quarter. Armor Investment Advisors LLC increased its stake in Triangle Capital Corporation by 6.9% in the first quarter. Armor Investment Advisors LLC now owns 147,692 shares of the credit services provider’s stock worth $2,819,000 after buying an additional 9,555 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Triangle Capital Corporation during the first quarter worth about $5,345,000. Trust Co. of Vermont acquired a new stake in Triangle Capital Corporation during the first quarter worth about $106,000. Finally, Sheaff Brock Investment Advisors LLC increased its stake in Triangle Capital Corporation by 8.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 14,053 shares of the credit services provider’s stock worth $268,000 after buying an additional 1,048 shares in the last quarter. 31.86% of the stock is owned by institutional investors and hedge funds.

Shares of Triangle Capital Corporation (NYSE:TCAP) traded up 0.80% during trading on Friday, hitting $13.84. 582,592 shares of the stock traded hands. The stock has a 50-day moving average of $16.89 and a 200 day moving average of $18.24. Triangle Capital Corporation has a 1-year low of $13.45 and a 1-year high of $20.35. The company has a market cap of $660.79 million, a P/E ratio of 28.77 and a beta of 0.90.

Triangle Capital Corporation (NYSE:TCAP) last released its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. Triangle Capital Corporation had a net margin of 16.92% and a return on equity of 10.51%. The firm had revenue of $31.20 million during the quarter, compared to the consensus estimate of $33.25 million. During the same quarter last year, the business posted $0.49 earnings per share. Triangle Capital Corporation’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Triangle Capital Corporation will post $1.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a $0.45 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.01%. Triangle Capital Corporation’s dividend payout ratio (DPR) is currently 346.16%.

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A number of research firms have issued reports on TCAP. JMP Securities downgraded shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Triangle Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods cut shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.50 to $18.00 in a research report on Thursday, August 3rd. Hilliard Lyons cut shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $15.50 in a research report on Monday, August 7th. Finally, National Securities cut shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $18.00 in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.75.

In other news, insider C. Robert Jr. Knox sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 75,716 shares in the company, valued at $1,341,687.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Triangle Capital Corporation (NYSE:TCAP)

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