News headlines about Triangle Capital Corporation (NYSE:TCAP) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Triangle Capital Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the credit services provider an impact score of 45.7177881665127 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages have commented on TCAP. JMP Securities cut shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 9th. Hilliard Lyons cut shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $15.50 in a report on Monday, August 7th. BidaskClub cut shares of Triangle Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. National Securities cut shares of Triangle Capital Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $18.00 in a report on Monday, August 7th. Finally, Keefe, Bruyette & Woods cut shares of Triangle Capital Corporation from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.50 to $18.00 in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.36.
Triangle Capital Corporation (TCAP) traded up 0.60% during mid-day trading on Tuesday, hitting $13.39. 89,564 shares of the company traded hands. Triangle Capital Corporation has a one year low of $12.84 and a one year high of $20.35. The company has a market capitalization of $639.31 million, a price-to-earnings ratio of 27.84 and a beta of 0.92. The company’s 50-day moving average price is $14.58 and its 200 day moving average price is $17.37.
Triangle Capital Corporation (NYSE:TCAP) last issued its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Triangle Capital Corporation had a net margin of 16.92% and a return on equity of 10.51%. The business had revenue of $31.20 million during the quarter, compared to analyst estimates of $33.25 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Triangle Capital Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Triangle Capital Corporation will post $1.67 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors 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 13.52%. Triangle Capital Corporation’s dividend payout ratio is presently 346.16%.
In related news, insider C. Robert Jr. Knox sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 75,716 shares in the company, valued at approximately $1,341,687.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is currently owned by insiders.
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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