Market Overview

UPDATE: Sterne Agee Downgrades Triangle Capital to Neutral on Valuation

Share:
Related TCAP
10 Notable Stocks Trading Ex-Dividend Monday, December 5
Triangle Capital Prices 6.25 Million Public Offering At $19.90 A Share
Identifying Business Development Corporations Worth Keeping Vs. Those To Avoid Right Now - Part V: Market Cap Smaller Than $100 Million (Seeking Alpha)

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.

Latest Ratings for TCAP

DateFirmActionFromTo
Nov 2016Hilliard LyonsDowngradesBuyNeutral
Sep 2016Hilliard LyonsInitiates Coverage on
Jun 2016Raymond JamesUpgradesUnderperformMarket Perform

View More Analyst Ratings for TCAP
View the Latest Analyst Ratings

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

 

Related Articles (TCAP)

View Comments and Join the Discussion!