New York-based BlackRock, the world’s largest asset manager with a portfolio of $3.5 trillion, has upped its stake in Triangle Capital Corp. (NYSE:TCAP), the Raleigh-based business lender.
BlackRock Inc. (NSYE: BLK) reported holding 816,461 shares, for a 5.49 percent stake in TCAP, according to a new filing with the U.S. Securities and Exchange Commission.
As of last September, four entities under the BlackRock Inc. umbrella held a combined 5.1 percent of the Raleigh company.
TCAP, a specialty lender that makes loans to lower mid-market companies, announced this week that it planned to raise more than $50 million in fresh lending capital by selling more common stock.
Following the announcement, on Tuesday, the volume of traded TCAP shares shot up 1,360 percent over the company’s 65-day average, accompanied by volatile prices in the $19.30 range, according to Yahoo Finance.
Consumer-Goods Basic-Materials ETF'S Services Industrial-Goods Black Gold(OIL) Technology Bonds Links Financial Dividend-Increasers Emerging Markets Commodities HealthCare Inflation IRA Large Cap Shipping Utilities Cefs Small Caps Fees Monthly Dividend Reits Currency 8%+ Dividend Food Fixed Income Agricultural Precious metals Dividend Declared Insurance Earnings Miss Earnings Surprise Silver Insider Buying MLP'S Stock Splits 2 - 5% Dividend Tips For NEW Investors Banks Global etfs Aerospace Computers Index Funds Preferred Stocks New ETFS Ultrashort Etfs Asset Management Chemicals Hedged Etfs 5-8% Dividend Bio-Tech Build America Bonds ETN'S Investment Brokerage Semiconductors Steel Bad Picks Dividend Cut Mortgage Retail Special Dividend 10+++% Dividend 2 - 5% dividend Audio Podcasts Bankruptcy Diversified Investments Dividend Axed Equity Offering Natural Gas Office