Triangle Capital Corporation (NYSE:TCAP) Stock Is Shorted More

April 16, 2018 - By Kurt Siggers

Triangle Capital Corporation (NYSE:TCAP) Logo

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.05, from 1.04 in 2017Q3. It improved, as 15 investors sold Triangle Capital Corporation shares while 31 reduced holdings. 25 funds opened positions while 25 raised stakes. 19.38 million shares or 26.31% more from 15.35 million shares in 2017Q3 were reported.
Atlantic Tru Group Ltd Llc has 0% invested in Triangle Capital Corporation (NYSE:TCAP) for 150 shares. The New York-based Family Mgmt Corporation has invested 0.19% in Triangle Capital Corporation (NYSE:TCAP). State Of Tennessee Treasury Department invested in 0% or 22,200 shares. Cibc Ww Mkts owns 17,085 shares or 0% of their US portfolio. Whittier Trust holds 0% in Triangle Capital Corporation (NYSE:TCAP) or 1,000 shares. Wasatch owns 50,621 shares or 0.01% of their US portfolio. Legal General Grp Public Limited Com owns 0% invested in Triangle Capital Corporation (NYSE:TCAP) for 152,448 shares. 1.38M are owned by Tpg Gp (Sbs) Advisors Inc. The California-based Ares Mgmt Lc has invested 0.28% in Triangle Capital Corporation (NYSE:TCAP). Price T Rowe Assocs Md stated it has 1.42M shares or 0% of all its holdings. 128,543 were accumulated by Morgan Stanley. Bb&T Corp has 19,397 shares. Bank & Trust Of Mellon Corporation holds 0% or 11,929 shares. Landscape Capital Mngmt Ltd Company, a New Jersey-based fund reported 28,685 shares. Jpmorgan Chase has 0% invested in Triangle Capital Corporation (NYSE:TCAP) for 26,601 shares.

The stock of Triangle Capital Corporation (NYSE:TCAP) registered an increase of 30.39% in short interest. TCAP’s total short interest was 1.18 million shares in April as published by FINRA. Its up 30.39% from 904,700 shares, reported previously. With 519,500 shares average volume, it will take short sellers 2 days to cover their TCAP’s short positions. The short interest to Triangle Capital Corporation’s float is 2.58%.

The stock decreased 0.51% or $0.06 during the last trading session, reaching $11.66. About 74,371 shares traded. Triangle Capital Corporation (NYSE:TCAP) has declined 40.39% since April 16, 2017 and is downtrending. It has underperformed by 51.94% the S&P500.

Triangle Capital Corporation is a business development firm specializing in private equity and mezzanine investments. The company has market cap of $559.97 million. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It currently has negative earnings. The firm prefers to make investments in many business sectors including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media, and others.

Triangle Capital Corporation (NYSE:TCAP) Ratings Coverage

Among 6 analysts covering Triangle Capital (NYSE:TCAP), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Triangle Capital had 13 analyst reports since October 17, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Sunday, October 22 with “Hold”. The firm has “Hold” rating given on Thursday, November 2 by Keefe Bruyette & Woods. The stock has “Hold” rating by Stephens on Friday, November 3. As per Wednesday, October 18, the company rating was upgraded by Hilliard Lyons. The rating was downgraded by Raymond James on Tuesday, October 17 to “Underperform”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, April 10 report. The firm earned “Sell” rating on Thursday, April 5 by Raymond James. Keefe Bruyette & Woods maintained Triangle Capital Corporation (NYSE:TCAP) on Thursday, March 1 with “Hold” rating. Raymond James upgraded Triangle Capital Corporation (NYSE:TCAP) on Thursday, January 11 to “Hold” rating. The rating was maintained by Robert W. Baird on Friday, November 3 with “Outperform”.

Triangle Capital Corporation (NYSE:TCAP) Institutional Positions Chart

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