Triangle Capital (TCAP) Given News Impact Score of 0.08
News stories about Triangle Capital (NYSE:TCAP) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press 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 earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned press coverage about the credit services provider an impact score of 44.6335085169045 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of NYSE TCAP traded down $0.09 during mid-day trading on Friday, hitting $11.80. 265,932 shares of the company’s stock traded hands, compared to its average volume of 380,084. The company has a current ratio of 116.18, a quick ratio of 116.18 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $571.32 million, a price-to-earnings ratio of 7.61 and a beta of 0.75. Triangle Capital has a 1 year low of $8.91 and a 1 year high of $16.44.
Separately, Zacks Investment Research raised shares of Triangle Capital from a “sell” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, June 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.90.
Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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