News stories about Triangle Capital Corporation (NYSE:TCAP) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Triangle Capital Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the credit services provider an impact score of 46.2178707318812 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Triangle Capital Corporation (NYSE:TCAP) Experiences Heavier than Average Trading Volume (highlightpress.com)
- Watching Historical Performance for Triangle Capital Corporation (NYSE:TCAP) - Jonesboro Recorder (jonesbororecorder.com)
- Triangle Capital Corporation (TCAP) Stock in the Investor Spotlight - Wall Street Morning (wallstreetmorning.com)
- Triangle Capital Corporation (NYSE:TCAP) Sees Heavy Trading Volume with 388K Shares Changing Hands - Highlight Press (highlightpress.com)
- Zacks: Analysts Anticipate Triangle Capital Corporation (TCAP) Will Post Quarterly Sales of $32.83 Million (americanbankingnews.com)
Triangle Capital Corporation (NYSE:TCAP) traded down 1.11% on Friday, reaching $13.36. The company’s stock had a trading volume of 411,942 shares. Triangle Capital Corporation has a 52 week low of $13.25 and a 52 week high of $20.35. The company has a market capitalization of $637.87 million, a price-to-earnings ratio of 27.78 and a beta of 0.90. The firm’s 50 day moving average price is $16.31 and its 200-day moving average price is $18.04.
Triangle Capital Corporation (NYSE:TCAP) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The firm had revenue of $31.20 million for the quarter, compared to analyst estimates of $33.25 million. During the same period last year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Triangle Capital Corporation will post $1.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.47%. The ex-dividend date is Friday, September 1st. Triangle Capital Corporation’s payout ratio is 346.16%.
Several brokerages have recently weighed in on TCAP. Jefferies Group LLC reissued a “buy” rating and set a $18.00 target price (down previously from $23.00) on shares of Triangle Capital Corporation in a research report on Wednesday, August 9th. JMP Securities lowered Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. National Securities lowered Triangle Capital Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $18.00 in a research report on Monday, August 7th. Hilliard Lyons lowered Triangle Capital Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $15.50 in a research report on Monday, August 7th. Finally, BidaskClub lowered Triangle Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Triangle Capital Corporation currently has an average rating of “Hold” and an average price target of $18.75.
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In other Triangle Capital Corporation news, insider C. Robert Jr. Knox sold 3,000 shares of Triangle Capital Corporation 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 of the company’s stock, valued at $1,341,687.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is currently owned by insiders.
Triangle Capital Corporation Company Profile
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.
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