Triangle Capital Corporation (TCAP) Earns Daily Media Sentiment Score of 0.17
Press coverage about Triangle Capital Corporation (NYSE:TCAP) has trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Triangle Capital Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the credit services provider an impact score of 46.053933028882 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Triangle Capital Corporation (NYSE:TCAP) Trading Volume Significantly Higher (highlightpress.com)
- Triangle Capital Corporation (TCAP) Stock Rating Upgraded by Robert W. Baird (americanbankingnews.com)
- Triangle Capital Corporation (NYSE:TCAP) Sees Heavy Trading Volume with 278K Shares Changing Hands – Modern Readers (modernreaders.com)
- Babcock & Wilcox Enterprises, Inc. (BW) has a value of $1.69 per share While Triangle Capital Corporation (TCAP) is … – Stocks Gallery (stocksgallery.com)
- Near-Term Bearish Signal Identified For Triangle Capital Corp (TCAP) Shares – Stock Press Daily (stockpressdaily.com)
A number of research firms have recently issued reports on TCAP. Robert W. Baird upgraded shares of Triangle Capital Corporation from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Monday. Jefferies Group LLC reissued a “buy” rating and set a $18.00 price target (down previously from $23.00) on shares of Triangle Capital Corporation in a research report on Wednesday, August 9th. JMP Securities downgraded shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. National Securities downgraded shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $18.00 in a research report on Monday, August 7th. Finally, Hilliard Lyons downgraded shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $15.50 in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.36.
Triangle Capital Corporation (NYSE TCAP) traded up 0.22% during trading on Thursday, reaching $13.90. 72,981 shares of the company’s stock were exchanged. The company has a market capitalization of $663.66 million, a price-to-earnings ratio of 28.90 and a beta of 0.90. Triangle Capital Corporation has a 52-week low of $13.18 and a 52-week high of $20.35. The stock’s 50-day moving average price is $15.76 and its 200-day moving average price is $17.83.
Triangle Capital Corporation (NYSE:TCAP) last announced its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 16.92% and a return on equity of 10.51%. Triangle Capital Corporation’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. Equities analysts expect that Triangle Capital Corporation will post $1.67 earnings per share 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 $0.45 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.80 annualized dividend and a yield of 12.98%. Triangle Capital Corporation’s dividend payout ratio is presently 346.16%.
In other news, insider C. Robert Jr. Knox sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 75,716 shares of the company’s stock, valued at approximately $1,341,687.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.10% of the stock is currently owned by insiders.
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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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