Stifel upgraded Triangle Capital and added it to its Select List based on valuation and notes BDC's will be a beneficiary of the dividend taxation changes. Price target is $26.
Triangle Capital upgraded to Strong Buy from Outperform at Raymond James
Raymond James upgraded Triangle Capital due to valuation. Price target is $26.50
Knowing that stocks don't go to the moon, I sold 50% of TCAP today since it has risen 50% in the year since I bought it. May buy it back if they have a secondary unless I reinvest the $$ first.
I may sell half of COG also as it has done the same thing, but haven't pulled the trigger on it yet.
Cash is king. Pullback is overdue, IMHO.
held & traded tcap for close to a year.... been waiting for it to pull back towards book value.... i'm a buyer when the yield returns to 10%.... big pull back yesterday put it closer.... gl
Not an answer. But when you recommended it I believe it was already at the target price? ;-)
Given it is tied to a continuing flow deals it is not of interest to me. The odds the rush to sell businesses and get capital gains treatment are not so great.
But good Fortune to you.
What do you tink about WNR a new high and they have climbed all the way from 20 to 35