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Raymond James downgraded Triangle Capital (NYSE:TCAP) from Mkt Perform to Underperform in a report released today.

Yesterday Triangle Capital (NYSE:TCAP) traded -9.29% lower at $13.88. Triangle Capital’s 50-day moving average is $13.81 and its 200-day moving average is $16.47. The last stock price is down -23.58% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 616,862 shares of the stock were exchanged, up from an average trading volume of 403,673

Raymond James has downgraded Triangle Capital (NYSE:TCAP) from Mkt Perform to Underperform in a report released on 10/17/2017.

Previously on Monday August 28, 2017, Robert W. Baird reported on Triangle Capital (NYSE:TCAP) raised the target price from $0.00 to $16.00. At the time, this indicated a possible upside of 0.18%.

See Chart Below

Triangle Capital (NYSE:TCAP)

Triangle Capital has a 52 week low of $12.47 and a 52 week high of $20.35 with a P/E ratio of 26.17 The company’s market cap is currently $0.

In addition to Raymond James reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $21.58 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 equity analysts rating the company a sell.

Brief Synopsis About Triangle Capital (NYSE:TCAP)

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. The Company invests primarily in subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. The Company also invests in senior debt securities secured by first lien security interests in portfolio company assets. The Company's portfolio includes its investments in various industry sectors, such as baby products; manufacturer and distributor for independent artists and authors; loan origination software solutions provider, and restaurant.

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