Triangle Capital Corporation (TCAP) : Alpha Omega Wealth Management scooped up 26 additional shares in Triangle Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,960 shares of Triangle Capital Corporation which is valued at $40,807.Triangle Capital Corporation makes up approximately 0.03% of Alpha Omega Wealth Management’s portfolio.
Triangle Capital Corporation closed down -0.17 points or -0.80% at $21 with 84,207 shares getting traded on Wednesday. Post opening the session at $21.24, the shares hit an intraday low of $20.75 and an intraday high of $21.24 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. Simplex Trading added TCAP to its portfolio by purchasing 840 company shares during the most recent quarter which is valued at $17,270. Benjamin F. Edwards Company sold out all of its stake in TCAP during the most recent quarter. The investment firm sold 670 shares of TCAP which is valued $13,775. Proficio Capital Partners added TCAP to its portfolio by purchasing 151 company shares during the most recent quarter which is valued at $3,079.
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.
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.