Positive News Coverage Somewhat Likely to Impact Triangle Capital (TCAP) Share Price
Media headlines about Triangle Capital (NYSE:TCAP) have been trending positive recently, AlphaOne reports. The research firm, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Triangle Capital earned a news sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned headlines about the credit services provider an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
Triangle Capital (NYSE:TCAP) traded up 0.38% on Tuesday, hitting $18.71. The stock had a trading volume of 144,253 shares. The stock has a market cap of $760.37 million, a PE ratio of 19.88 and a beta of 0.86. The firm’s 50 day moving average price is $18.81 and its 200-day moving average price is $18.94. Triangle Capital has a 12 month low of $16.00 and a 12 month high of $21.35.
Triangle Capital (NYSE:TCAP) last issued its quarterly earnings results on Wednesday, February 22nd. The credit services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $31.20 million for the quarter, compared to analyst estimates of $29.49 million. Triangle Capital had a net margin of 31.88% and a return on equity of 11.44%. Triangle Capital’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. On average, analysts forecast that Triangle Capital will post $1.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Investors of record on Wednesday, March 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date of this dividend was Monday, March 6th. Triangle Capital’s dividend payout ratio is presently 169.81%.
Several brokerages have weighed in on TCAP. National Securities reissued a “buy” rating and set a $22.00 price objective on shares of Triangle Capital in a research note on Monday, April 10th. Zacks Investment Research raised Triangle Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 7th. Finally, Bank of America Corp started coverage on Triangle Capital in a research note on Friday, January 6th. They set a “buy” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Triangle Capital has a consensus rating of “Hold” and a consensus target price of $20.40.
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In related news, Director W Mccomb Dunwoody sold 49,286 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $18.86, for a total value of $929,533.96. Following the transaction, the director now directly owns 106,278 shares of the company’s stock, valued at approximately $2,004,403.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company’s stock.
Triangle Capital 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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