NEW YORK ( TheStreet) -- Triangle Capital (NYSE: TCAP) hit a new 52-week high Monday as it is currently trading at $21.54, above its previous 52-week high of $21.46 with 47,231 shares traded as of 10:52 a.m. ET. Average volume has been 180,900 shares over the past 30 days.

Triangle has a market cap of $583.4 million and is part of the financial sector and financial services industry. Shares are up 11.9% year to date as of the close of trading on Friday.

Triangle Capital Corporation is a business development company specializing in private equity and venture capital investments. The company has a P/E ratio of eight, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Triangle as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Triangle Ratings Report.

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