Triangle Capital Corporation (TCAP) Earns Coverage Optimism Score of 0.09

News articles about Triangle Capital Corporation (NYSE:TCAP) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Triangle Capital Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the credit services provider an impact score of 46.2178707318812 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

• $32.53 Million in Sales Expected for Triangle Capital Corporation (NYSE:TCAP) This Quarter (americanbankingnews.com)
• Triangle Capital Corporation (NYSE:TCAP) Expected to Post Earnings of $0.42 Per Share (americanbankingnews.com)
• Triangle Capital Corporation (NYSE:TCAP) Sees Significantly Lower Trading Volume – First News 24 (firstnewspaper24.com)
• Unusual Activity Spotted in Triangle Capital Corp (TCAP) – Sparta Review (spartareview.com)
• Shares Under Scrutiny: Triangle Capital Corp (TCAP) – Danville Daily (danvilledaily.com)

Triangle Capital Corporation (NYSE:TCAP) remained flat at $17.31 on Tuesday. 140,263 shares of the company traded hands. Triangle Capital Corporation has a 1-year low of $16.40 and a 1-year high of $20.35. The firm has a 50-day moving average of $17.58 and a 200 day moving average of $18.49. The stock has a market cap of $825.36 million, a P/E ratio of 23.08 and a beta of 0.90.

TCAP has been the topic of several research analyst reports. Zacks Investment Research lowered Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Aegis initiated coverage on Triangle Capital Corporation in a research report on Monday, June 26th. They set a “buy” rating on the stock. National Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Triangle Capital Corporation in a research report on Monday, May 8th. Hilliard Lyons raised Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Monday, June 26th. Finally, BidaskClub lowered Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.40.

In other news, insider C. Robert Jr. Knox sold 3,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $17.72, for a total transaction of $53,160.00. Following the sale, the insider now directly owns 75,716 shares in the company, valued at approximately $1,341,687.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is currently owned by corporate insiders.

About Triangle Capital Corporation

Triangle Capital Corporation is an internally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that provides customized financing to lower middle market companies located primarily in the United States. The Company’s investment objective is to seek attractive returns by generating current income from its debt investments and capital appreciation from its equity-related investments.