Today The Silver Capital Management LLC Has $1,521,000 Stake in Triangle Capital Corporation (TCAP)

Today The Silver Capital Management LLC Has $1,521,000 Stake in Triangle Capital Corporation (TCAP)

Silver Capital Management LLC decreased its stake in shares of Triangle Capital Corporation (NYSE:TCAP) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,228 shares of the company’s stock after selling 2,210 shares during the period. Triangle Capital Corporation makes up approximately 6.4% of Silver Capital Management LLC’s holdings, making the stock its largest position. Silver Capital Management LLC’s holdings in Triangle Capital Corporation were worth $1,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TCAP. Muzinich & Co. Inc. raised its position in shares of Triangle Capital Corporation by 102.9% in the third quarter. Muzinich & Co. Inc. now owns 496,901 shares of the company’s stock worth $9,789,000 after buying an additional 252,022 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Triangle Capital Corporation by 19.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,216 shares of the company’s stock worth $1,205,000 after buying an additional 9,973 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Triangle Capital Corporation by 50.3% in the second quarter. Advisory Services Network LLC now owns 9,021 shares of the company’s stock worth $175,000 after buying an additional 3,020 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Triangle Capital Corporation during the second quarter worth $304,000. Finally, Salzhauer Michael raised its position in shares of Triangle Capital Corporation by 18.8% in the second quarter. Salzhauer Michael now owns 50,987 shares of the company’s stock worth $988,000 after buying an additional 8,072 shares in the last quarter. 27.43% of the stock is currently owned by institutional investors.

Shares of Triangle Capital Corporation (NYSE:TCAP) opened at 19.17 on Wednesday. Triangle Capital Corporation has a 52 week low of $16.00 and a 52 week high of $21.35. The stock has a market cap of $773.70 million, a P/E ratio of 18.27 and a beta of 0.85. The stock has a 50 day moving average price of $18.68 and a 200-day moving average price of $19.22.

Triangle Capital Corporation (NYSE:TCAP) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $27.40 million for the quarter, compared to analysts’ expectations of $29.12 million. Triangle Capital Corporation had a return on equity of 11.44% and a net margin of 31.88%. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. Equities analysts predict that Triangle Capital Corporation will post $1.59 EPS for the current fiscal year.

A number of brokerages have recently weighed in on TCAP. Bank of America Corporation began coverage on Triangle Capital Corporation in a report on Friday, January 6th. They issued a “buy” rating and a $20.00 price objective on the stock. National Securities reissued a “buy” rating and issued a $22.00 price objective on shares of Triangle Capital Corporation in a report on Monday, November 7th. Hilliard Lyons began coverage on Triangle Capital Corporation in a report on Wednesday, September 28th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research lowered Triangle Capital Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, November 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.40.

Triangle Capital Corporation Company Profile

Triangle Capital Corporation is a specialty finance company. The Company provides customized financing to lower middle market companies located in the United States. The Company’s investment objective is to seek returns by generating current income from its debt investments and capital appreciation from its equity related investments.

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