Market Overview

UPDATE: Sterne Agee Downgrades Triangle Capital to Neutral on Valuation

Related TCAP
12 Stocks Paying Increased Dividends: Investment Idea Of The Day
Small Cap Companies with Dividend Yields Exploding Up

Sterne Agee reduced its rating on Triangle Capital (NYSE: TCAP) from Buy to Neutral and set a price target of $25 a share.

Sterne Agee said, "Our price targets for the RIC/BDCs and other credit-sensitive income stocks we follow are generally based on an 8.0% targeted yield, based on declared dividends: [Quarterly dividend $0.50 x 4] /8.0%=$25. TCAP has crossed that mark. Its dividend yield of 7.8% is attractive, but we believe the shares warrant more of a Neutral rating."

Triangle Capital closed at $25.54 on Monday.

Posted-In: Sterne AgeeAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Most Popular

Related Articles (TCAP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free