Triangle Capital Corporation (TCAP) : Scholtz Company added new position in Triangle Capital Corporation during the most recent quarter end. The investment management firm now holds 109,850 shares of Triangle Capital Corporation which is valued at $2,159,651 , the company said in a statement filed on Aug 15, 2016 with the SEC.Triangle Capital Corporation makes up approximately 2.14% of Scholtz Company’s portfolio.
Other Hedge Funds, Including , Allen Investment Management reduced its stake in TCAP by selling 2,506 shares or 11.13% in the most recent quarter. The Hedge Fund company now holds 20,011 shares of TCAP which is valued at $393,416. Triangle Capital Corporation makes up approx 0.03% of Allen Investment Management’s portfolio.Raymond James Financial Services Advisors reduced its stake in TCAP by selling 1,139 shares or 5.95% in the most recent quarter. The Hedge Fund company now holds 18,000 shares of TCAP which is valued at $353,880.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in TCAP in the latest quarter, The investment management firm added 9,973 additional shares and now holds a total of 62,216 shares of Triangle Capital Corporation which is valued at $1,237,476. Triangle Capital Corporation makes up approx 0.04% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Proficio Capital Partners sold out all of its stake in TCAP during the most recent quarter. The investment firm sold 151 shares of TCAP which is valued $3,003.
Triangle Capital Corporation opened for trading at $20.13 and hit $20.16 on the upside on Thursday, eventually ending the session at $20.13, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 3,59,587 shares. Company has a market cap of $803 M.
On the company’s financial health, Triangle Capital Corporation reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.48. The company had revenue of $28.40 million for the quarter, compared to analysts expectations of $28.03 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Triangle Capital Corporation. Triangle Capital Corporation was Upgraded by Raymond James to ” Mkt Perform” on Jun 29, 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.