Triangle Capital (TCAP) Valuation Rose While Novare Capital Management Lowered Its Holding by $2.32 Million; As Visa (V) Shares Rose, Holder Chilton Investment Co Has Boosted Holding

April 17, 2018 - By Henry Gaston

Triangle Capital Corporation (NYSE:TCAP) Logo

Novare Capital Management Llc decreased its stake in Triangle Capital Corp (TCAP) by 92.29% based on its latest 2017Q4 regulatory filing with the SEC. Novare Capital Management Llc sold 257,685 shares as the company’s stock rose 15.15% while stock markets declined. The institutional investor held 21,525 shares of the company at the end of 2017Q4, valued at $204,000, down from 279,210 at the end of the previous reported quarter. Novare Capital Management Llc who had been investing in Triangle Capital Corp for a number of months, seems to be less bullish one the $563.09 million market cap company. The stock increased 0.21% or $0.03 during the last trading session, reaching $11.73. About 120,371 shares traded. Triangle Capital Corporation (NYSE:TCAP) has declined 40.39% since April 17, 2017 and is downtrending. It has underperformed by 51.94% the S&P500.

Richard Chilton increased its stake in Visa Inc (V) by 8.96% based on its latest 2017Q4 regulatory filing with the SEC. Chilton Investment Co Llc bought 29,461 shares as the company’s stock rose 4.18% while stock markets declined. The hedge fund run by Richard Chilton held 358,124 shares of the business services company at the end of 2017Q4, valued at $40.83M, up from 328,663 at the end of the previous reported quarter. Chilton Investment Co Llc who had been investing in Visa Inc for a number of months, seems to be bullish on the $280.29B market cap company. The stock increased 1.90% or $2.31 during the last trading session, reaching $124.19. About 3.31M shares traded. Visa Inc. (NYSE:V) has risen 31.98% since April 17, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Analysts await Triangle Capital Corporation (NYSE:TCAP) to report earnings on May, 2. They expect $0.27 earnings per share, down 35.71% or $0.15 from last year’s $0.42 per share. TCAP’s profit will be $12.96M for 10.86 P/E if the $0.27 EPS becomes a reality. After $0.38 actual earnings per share reported by Triangle Capital Corporation for the previous quarter, Wall Street now forecasts -28.95% negative EPS growth.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.05, from 1.04 in 2017Q3. It increased, as 15 investors sold TCAP 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. Caxton Corp accumulated 40,580 shares. Jane Street Limited Liability holds 20,932 shares. Bancorp Of New York Mellon holds 11,929 shares or 0% of its portfolio. Jbf Inc invested 0% in Triangle Capital Corporation (NYSE:TCAP). North Carolina-based Carroll Financial Assoc has invested 0.13% in Triangle Capital Corporation (NYSE:TCAP). The Texas-based Tpg Gp Hldgs (Sbs) Advsrs Inc has invested 0.2% in Triangle Capital Corporation (NYSE:TCAP). Landscape Capital Mgmt Limited Liability Company reported 28,685 shares. Stephens Inc Ar has 0.02% invested in Triangle Capital Corporation (NYSE:TCAP). Rivernorth Cap Mgmt Ltd invested in 0.23% or 344,556 shares. State Of Tennessee Treasury Department holds 0% or 22,200 shares in its portfolio. Lsv Asset Management reported 0% stake. Moreover, Peak6 Investments Limited Partnership has 0% invested in Triangle Capital Corporation (NYSE:TCAP). Mckinley Mgmt Limited Liability Delaware invested in 147,720 shares or 0.07% of the stock. Stifel Financial holds 107,466 shares. Atlantic Trust Limited Company reported 0% of its portfolio in Triangle Capital Corporation (NYSE:TCAP).

Among 15 analysts covering Triangle Capital (NYSE:TCAP), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. Triangle Capital had 39 analyst reports since August 7, 2015 according to SRatingsIntel. Jefferies downgraded the stock to “Hold” rating in Thursday, November 16 report. The stock of Triangle Capital Corporation (NYSE:TCAP) has “Buy” rating given on Tuesday, May 10 by Jefferies. The firm has “Hold” rating given on Monday, August 7 by Hilliard Lyons. The stock has “Hold” rating by Keefe Bruyette & Woods on Sunday, October 22. As per Monday, June 26, the company rating was initiated by Aegis Capital. The firm earned “Outperform” rating on Friday, November 3 by Robert W. Baird. The rating was downgraded by Raymond James to “Underperform” on Tuesday, October 17. The stock of Triangle Capital Corporation (NYSE:TCAP) has “Outperform” rating given on Monday, August 28 by Robert W. Baird. The stock has “Buy” rating by Hilliard Lyons on Monday, June 26. The stock of Triangle Capital Corporation (NYSE:TCAP) earned “Market Perform” rating by Wood on Thursday, August 3.

Novare Capital Management Llc, which manages about $695.33 million and $587.43 million US Long portfolio, upped its stake in Lowes Companies (NYSE:LOW) by 3,501 shares to 27,008 shares, valued at $2.51M in 2017Q4, according to the filing. It also increased its holding in Sch Us Agg Bnd Etf (SCHZ) by 13,311 shares in the quarter, for a total of 25,445 shares, and has risen its stake in Vanguard Ftse Europe (VGK).

Since December 13, 2017, it had 0 insider purchases, and 3 sales for $6.56 million activity. On Friday, December 15 the insider MAHON TULLIER KELLY sold $5.65 million. 6,220 shares were sold by MATSCHULLAT ROBERT W, worth $707,561 on Wednesday, December 13.

Chilton Investment Co Llc, which manages about $5.22 billion and $2.59 billion US Long portfolio, decreased its stake in Wayfair Inc (NYSE:W) by 315,828 shares to 273,269 shares, valued at $21.94 million in 2017Q4, according to the filing. It also reduced its holding in Carter Inc (NYSE:CRI) by 124,440 shares in the quarter, leaving it with 27,645 shares, and cut its stake in Toro Co (NYSE:TTC).

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Oppenheimer given on Thursday, January 25. The firm earned “Buy” rating on Friday, June 23 by Jefferies. Oppenheimer maintained Visa Inc. (NYSE:V) rating on Friday, June 23. Oppenheimer has “Buy” rating and $10000 target. The stock of Visa Inc. (NYSE:V) earned “Overweight” rating by JP Morgan on Friday, August 14. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, October 26 by SunTrust. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. RBC Capital Markets maintained Visa Inc. (NYSE:V) on Thursday, January 4 with “Buy” rating. As per Thursday, January 25, the company rating was maintained by Morgan Stanley. The stock has “Outperform” rating by RBC Capital Markets on Friday, April 21. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, December 17 by Sterne Agee CRT.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.05, from 1 in 2017Q3. It improved, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Cap Invest Advsr Ltd Liability Com holds 0.16% or 21,136 shares. Moreover, Leuthold Gp Limited Liability Corp has 1.11% invested in Visa Inc. (NYSE:V) for 97,663 shares. 2,408 are held by Ent Fin Corp. Riverpark Cap holds 196,125 shares. Moreover, Alpine Glob Mgmt Lc has 0.4% invested in Visa Inc. (NYSE:V). Greatmark Inv invested in 0.18% or 4,256 shares. Moody Bancshares Tru Division holds 0.05% of its portfolio in Visa Inc. (NYSE:V) for 9,585 shares. Hbk Sorce Advisory Ltd Liability has 20,033 shares for 0.27% of their portfolio. Marshfield Associates holds 638,084 shares. Old Mutual Global Invsts (Uk) invested in 62,228 shares or 0.07% of the stock. 83,253 are owned by Mitchell Capital. Dt Invest Prns Limited Company holds 0.06% of its portfolio in Visa Inc. (NYSE:V) for 3,227 shares. Castleark Mgmt Llc holds 1.24% or 362,929 shares in its portfolio. Sustainable Growth Advisers Limited Partnership accumulated 3.67 million shares or 4.9% of the stock. Fiera Capital Corp owns 325,877 shares for 0.18% of their portfolio.

Triangle Capital Corporation (NYSE:TCAP) Institutional Positions Chart

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