Triangle Capital Corporation (NYSE:TCAP) — This management investment company, registered as a business development company (BDC), specializes in buyouts, change-of-control transactions, acquisitions, growth financing and recapitalizations in lower- to middle-market companies.
Q1 earnings exceeded analysts’ consensus estimates due to greater-than-expected portfolio growth. Asset quality is excellent, and BB&T Capital Markets expects portfolio growth to continue to gain, reiterating its “buy” on the stock. Additionally, TCAP raised its dividend to $2 for an almost 10% yield.
Technically the stock has broken higher from a cup-and-handle formation with a trading objective of $25.
Sam Collins owns shares of TCAP.