Triangle Capital Corporation (TCAP) Earning Somewhat Positive News Coverage, Study Finds
Media stories about Triangle Capital Corporation (NYSE:TCAP) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Triangle Capital Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 45.8083145581116 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Triangle Capital Corporation (TCAP) traded down 0.57% during trading on Thursday, reaching $13.87. 151,326 shares of the company’s stock were exchanged. The company’s 50-day moving average is $13.77 and its 200-day moving average is $16.56. The company has a market capitalization of $662.22 million, a PE ratio of 28.84 and a beta of 0.92. Triangle Capital Corporation has a 1-year low of $12.84 and a 1-year high of $20.35.
Triangle Capital Corporation (NYSE:TCAP) last posted its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $31.20 million during the quarter, compared to analyst estimates of $33.25 million. Triangle Capital Corporation had a return on equity of 10.51% and a net margin of 16.92%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. Equities research analysts expect that Triangle Capital Corporation will post $1.67 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were given a $0.45 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.80 annualized dividend and a yield of 12.90%. Triangle Capital Corporation’s dividend payout ratio is 346.16%.
TCAP has been the subject of a number of research reports. Robert W. Baird raised shares of Triangle Capital Corporation from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Monday, August 28th. ValuEngine raised shares of Triangle Capital Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Aegis initiated coverage on shares of Triangle Capital Corporation in a research report on Monday, June 26th. They set a “buy” rating for the company. Zacks Investment Research cut shares of Triangle Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, JMP Securities cut shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.36.
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.
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