Triangle Capital Corporation (TCAP) : Silver Capital Management reduced its stake in Triangle Capital Corporation by 4.59% during the most recent quarter end. The investment management company now holds a total of 80,048 shares of Triangle Capital Corporation which is valued at $1,701,020 after selling 3,850 shares in Triangle Capital Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Triangle Capital Corporation makes up approximately 9.04% of Silver Capital Management’s portfolio.
Triangle Capital Corporation closed down -1.31 points or -6.16% at $19.94 with 1,98,996 shares getting traded on Monday. Post opening the session at $20.82, the shares hit an intraday low of $19.831 and an intraday high of $21.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in TCAP by selling 5 shares or 83.33% in the most recent quarter. The Hedge Fund company now holds 1 shares of TCAP which is valued at $21.Alpha Omega Wealth Management boosted its stake in TCAP in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 1,960 shares of Triangle Capital Corporation which is valued at $40,807. Triangle Capital Corporation makes up approx 0.03% of Alpha Omega Wealth Management’s portfolio.
On the company’s financial health, Triangle Capital Corporation reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.56.Analysts expectations of $ 31.55.During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Triangle Capital Corporation. Robert W. Baird Downgraded Triangle Capital Corporation on May 2, 2016 to ” Neutral”, Price Target of the shares are set at $20.
Triangle Capital Corporation is a specialty finance company that provides customized financing to lower middle market companies. 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. It invests primarily in subordinated debt securities secured by second lien security interests in portfolio company assets coupled with equity interests. It also invests in senior debt securities secured by first lien security interests in portfolio companies. Its investment portfolio consists of debt and equity instruments of privately held companies for which quoted prices or other inputs falling within the categories of Level 1 and Level 2 are not available. Its target portfolio company has annual revenues between $20.0 million and $200.0 million and annual earnings before interest taxes depreciation and amortization (EBITDA) between $3.0 million and $35.0 million.