Triangle Capital Corp (TCAP): E. Ashton Poole , CEO of Triangle Capital Corp purchased 28,600 shares on May 9, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.60 per share for a total value of $508,443.66 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Steven C Lilly (CFO) purchased 6,000 shares at $17.64 per share price.On May 9, 2016, Brent P W Burgess (Chief Investment Officer) purchased 6,000 shares at $17.25 per share price.Also, On Mar 23, 2016, C. Robert Jr. Knox (Principal Accounting Officer) sold 3,000 shares at $19.91 per share price.On Oct 1, 2015, Simon B. Jr. Rich (director) purchased 15,000 shares at $16.17 per share price.
Triangle Capital Corporation: On Friday, May 6, 2016 heightened volatility was witnessed in Triangle Capital Corporation which led to swings in the share price. The shares opened for trading at $16.5 and hit $17.5 on the upside , eventually ending the session at $17.38, with a gain of 4.76% or 0.79 points. The heightened volatility saw the trading volume jump to 5,39,566 shares. The 52-week high of the share price is $24.71 and the company has a market cap of $584 M . The 52-week low of the share price is at $14.91.
Company has been under the radar of several Street Analysts.Triangle Capital Corporation is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 5, 2016.Triangle Capital Corporation is Downgraded by Robert W. Baird to Neutral and the brokerage firm has set the Price Target at $20. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 2, 2016.
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.