Stock Worth Mentioning: It Seems Triangle Capital Corporation Will Go Down. Have Another Big Decline

Stock Worth Mentioning: It Seems Triangle Capital Corporation Will Go Down. Have Another Big Decline

The stock of Triangle Capital Corporation (NYSE:TCAP) is a huge mover today! The stock decreased 4.54% or $0.81 on November 4, hitting $17.02. About 592,991 shares traded hands or 217.41% up from the average. Triangle Capital Corporation (NYSE:TCAP) has declined 9.81% since April 4, 2016 and is downtrending. It has underperformed by 10.90% the S&P500.
The move comes after 9 months negative chart setup for the $678.76 million company. It was reported on Nov, 4 by Barchart.com. We have $15.66 PT which if reached, will make NYSE:TCAP worth $54.30 million less.

Triangle Capital Corporation (NYSE:TCAP) Ratings Coverage

Out of 9 analysts covering Triangle Capital (NYSE:TCAP), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Triangle Capital has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Triangle Capital Corporation (NYSE:TCAP) earned “Neutral” rating by Janney Capital on Wednesday, April 27. Hilliard Lyons initiated Triangle Capital Corporation (NYSE:TCAP) on Wednesday, September 28 with “Buy” rating. As per Wednesday, June 29, the company rating was upgraded by Raymond James. Deutsche Bank downgraded Triangle Capital Corporation (NYSE:TCAP) on Friday, August 7 to “Hold” rating. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, May 2 report. The stock of Triangle Capital Corporation (NYSE:TCAP) has “Buy” rating given on Tuesday, May 10 by Jefferies.

According to Zacks Investment Research, “TRIANGLE CAPITAL CORPORATION is a specialty finance company organized to provide customized financing solutions to lower middle market companies located throughout the United States. Triangle’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions to fund growth, changes of control, or other corporate events.”

Insitutional Activity: The institutional sentiment increased to 1.9 in Q2 2016. Its up 0.24, from 1.66 in 2016Q1. The ratio increased, as 10 funds sold all Triangle Capital Corporation shares owned while 19 reduced positions. 9 funds bought stakes while 46 increased positions. They now own 7.43 million shares or 5.01% less from 7.82 million shares in 2016Q1.
The Texas-based Mcgowan Grp Asset Management has invested 1.9% in Triangle Capital Corporation (NYSE:TCAP). Jpmorgan Chase Company last reported 2,242 shares in the company. Clearbridge Ltd Limited Liability Company has invested 0.15% of its portfolio in Triangle Capital Corporation (NYSE:TCAP). Atlantic Tru Gru Ltd Liability Com accumulated 12,000 shares or 0% of the stock. Silver Cap Ltd Liability Co reported 79,438 shares or 7.33% of all its holdings. Bb&T Securities Ltd Liability Com accumulated 0.02% or 66,397 shares. Citigroup owns 19,062 shares or 0% of their US portfolio. Da Davidson Comm owns 437 shares or 0% of their US portfolio. Neuberger Berman Limited has invested 0% of its portfolio in Triangle Capital Corporation (NYSE:TCAP). Ares Mgmt Lc last reported 111,331 shares in the company. Verity Asset Mgmt has invested 0.45% of its portfolio in Triangle Capital Corporation (NYSE:TCAP). Sumitomo Mitsui Asset holds 0.04% or 62,216 shares in its portfolio. Spot Trading Lc holds 0% or 1,651 shares in its portfolio. Focused Wealth Inc holds 615 shares or 0.01% of its portfolio. The Missouri-based Stifel has invested 0.02% in Triangle Capital Corporation (NYSE:TCAP).

Insider Transactions: Since May 9, 2016, the stock had 6 insider buys, and 0 insider sales for $927,834 net activity. $105,860 worth of shares were bought by LILLY STEVEN C on Monday, May 9. Goldstein Benjamin S bought $55,050 worth of Triangle Capital Corporation (NYSE:TCAP) on Friday, May 13. Burgess Brent P W bought $103,500 worth of Triangle Capital Corporation (NYSE:TCAP) on Monday, May 9. $508,444 worth of Triangle Capital Corporation (NYSE:TCAP) was bought by Poole E. Ashton on Monday, May 9. RICH SIMON B. JR. bought $86,500 worth of Triangle Capital Corporation (NYSE:TCAP) on Monday, May 9. 4,000 Triangle Capital Corporation (NYSE:TCAP) shares with value of $68,480 were bought by SMITH SHERWOOD HUBBARD JR..

More notable recent Triangle Capital Corporation (NYSE:TCAP) news were published by: Bizjournals.com which released: “TCAP founding member, CIO resigns” on October 19, 2016, also Globenewswire.com with their article: “Triangle Capital Corporation Announces Pricing of Public Offering of Common Stock” published on July 26, 2016, Globenewswire.com published: “Triangle Capital Corporation Announces Closing of Public Offering of Common Stock” on July 29, 2016. More interesting news about Triangle Capital Corporation (NYSE:TCAP) were released by: Globenewswire.com and their article: “Triangle Capital Corporation Invests $24.5 Million In Smile Brands Group” published on August 25, 2016 as well as Globenewswire.com‘s news article titled: “Triangle Capital Corporation Announces Senior Management Promotions” with publication date: October 03, 2016.

TCAP Company Profile

Triangle Capital Corporation, incorporated on October 10, 2006, is a specialty finance company. The Firm 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. The Firm invests in subordinated debt securities secured by second lien security interests in portfolio firm assets, coupled with equity interests. It also invests in senior debt securities secured by first lien security interests in portfolio firm assets. The Company’s investments generally range from $5.0 million to $35.0 million per portfolio company.

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