Triangle Capital Corporation (NASDAQ: TCAP) — This private equity and venture capital firm specializes in buyouts, change of control transactions, acquisitions, growth financing, and recapitalizations in lower- to middle-market companies.
The stock rose from under $8 in March 2009 to over $16 in late April 2010.
On July 26, at $15, I said, “Since its April high, TCAP retreated back to its 200-day moving average, then rose to $13.50, and has been base-building since then.
“BB&T Capital Management has a ‘No. 1 buy’ on TCAP, and technically if it is able to break from a forming double-top at $16.50, the stock could move much higher.
“TCAP is supported by a dividend yield of 10.88%.”
And on Sept. 7, I said, “The breakout has occurred and the target for TCAP is $18.”
The stock is currently trading at $16.10 and the opinion is re-emphasized.
If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.
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