Media headlines about Triangle Capital Corporation (NYSE:TCAP) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Triangle Capital Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the credit services provider an impact score of 46.2178707318812 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- 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 (TCAP) traded down 1.11% on Friday, reaching $13.36. The company had a trading volume of 411,942 shares. The company has a market capitalization of $637.87 million, a PE ratio of 27.78 and a beta of 0.90. The company’s 50-day moving average is $16.31 and its 200-day moving average is $18.04. Triangle Capital Corporation has a 52-week low of $13.25 and a 52-week high of $20.35.
Triangle Capital Corporation (NYSE:TCAP) last posted its earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $31.20 million for the quarter, compared to analysts’ expectations of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Equities analysts anticipate that Triangle Capital Corporation will post $1.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.80 annualized dividend and a dividend yield of 13.47%. Triangle Capital Corporation’s dividend payout ratio is currently 346.16%.
A number of research analysts have recently issued reports on TCAP shares. ValuEngine upgraded Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. National Securities reiterated a “buy” rating and set a $22.00 target price on shares of Triangle Capital Corporation in a research report on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and set a $23.00 target price on shares of Triangle Capital Corporation in a research report on Friday, May 5th. Aegis started coverage on Triangle Capital Corporation in a research report on Monday, June 26th. They set a “buy” rating on the stock. Finally, Hilliard Lyons upgraded Triangle Capital Corporation from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.75.
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In other news, insider C. Robert Jr. Knox sold 3,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $17.72, for a total value of $53,160.00. Following the sale, the insider now directly owns 75,716 shares in the company, valued at $1,341,687.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by corporate 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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