Wasatch Advisors Inc. increased its stake in Triangle Capital Co. (NYSE:TCAP) by 68.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,621 shares of the credit services provider’s stock after purchasing an additional 20,487 shares during the period. Wasatch Advisors Inc.’s holdings in Triangle Capital were worth $480,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Triangle Capital by 32.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 410,008 shares of the credit services provider’s stock worth $5,854,000 after purchasing an additional 100,378 shares during the period. Ares Management LLC grew its position in Triangle Capital by 26.1% in the second quarter. Ares Management LLC now owns 405,456 shares of the credit services provider’s stock valued at $714,413,000 after acquiring an additional 83,876 shares during the last quarter. Shell Asset Management Co. bought a new position in Triangle Capital in the third quarter valued at about $1,941,000. Armor Investment Advisors LLC grew its position in Triangle Capital by 6.9% in the third quarter. Armor Investment Advisors LLC now owns 163,002 shares of the credit services provider’s stock valued at $2,328,000 after acquiring an additional 10,510 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Triangle Capital in the second quarter valued at about $282,000. Institutional investors own 34.92% of the company’s stock.

Triangle Capital Co. (TCAP) opened at $10.26 on Friday. The company has a quick ratio of 56.98, a current ratio of 56.98 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $489.82, a P/E ratio of 6.37, a P/E/G ratio of 1.49 and a beta of 0.82. Triangle Capital Co. has a 12 month low of $8.91 and a 12 month high of $20.35.

Triangle Capital (NYSE:TCAP) last posted its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). The company had revenue of $29.88 million during the quarter, compared to analyst estimates of $32.84 million. Triangle Capital had a positive return on equity of 10.67% and a negative net margin of 36.80%. Triangle Capital’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. analysts predict that Triangle Capital Co. will post 1.54 EPS for the current year.

TCAP has been the topic of a number of recent research reports. Hilliard Lyons raised Triangle Capital from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, October 18th. ValuEngine raised Triangle Capital from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet lowered Triangle Capital from a “c” rating to a “d+” rating in a research note on Friday, November 17th. Stephens lowered Triangle Capital from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 3rd. Finally, Jefferies Group lowered Triangle Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.00.

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Triangle Capital 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.

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

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