Citadel Advisors LLC raised its stake in Triangle Capital Co. (NYSE:TCAP) by 3,985.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,747,297 shares of the credit services provider’s stock after purchasing an additional 1,704,532 shares during the quarter. Citadel Advisors LLC’s holdings in Triangle Capital were worth $16,582,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in TCAP. Creative Planning purchased a new position in shares of Triangle Capital in the 4th quarter valued at approximately $108,000. Bank of New York Mellon Corp purchased a new position in shares of Triangle Capital in the 4th quarter valued at approximately $113,000. Financial Counselors Inc. purchased a new position in shares of Triangle Capital in the 3rd quarter valued at approximately $143,000. Commerce Bank purchased a new position in shares of Triangle Capital in the 3rd quarter valued at approximately $171,000. Finally, Aperio Group LLC purchased a new position in shares of Triangle Capital in the 4th quarter valued at approximately $261,000. Institutional investors own 37.74% of the company’s stock.
Shares of Triangle Capital Co. (NYSE:TCAP) opened at $11.18 on Tuesday. The company has a quick ratio of 56.98, a current ratio of 56.98 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $533.74, a P/E ratio of -12.42, a PEG ratio of 1.68 and a beta of 0.87. Triangle Capital Co. has a 1-year low of $8.91 and a 1-year high of $20.35.
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About Triangle Capital
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.
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