Triangle Capital Corporation (TCAP) Receiving Somewhat Positive News Coverage, Report Finds
News articles about Triangle Capital Corporation (NYSE:TCAP) have been trending somewhat positive recently, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Triangle Capital Corporation earned a coverage optimism score of 0.25 on AlphaOne’s scale. AlphaOne also gave media stories about the credit services provider an impact score of 96 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s analysis:
- BRIEF-Triangle Capital invests in Schweiger Dermatology Group (TCAP) (markets.businessinsider.com)
- Triangle Capital Corporation Invests in Schweiger Dermatology Group, LLC (finance.yahoo.com)
- Q4 2016 Sentiment Triangle Capital Corp (NYSE:TCAP) – WeeklyHub (weeklyhub.com)
- Triangle Capital Corp (TCAP) Shares Moving On Volume – Financial News Review (finnewsreview.com)
A number of equities analysts have recently weighed in on the stock. National Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Triangle Capital Corporation in a research note on Monday, April 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 price target on shares of Triangle Capital Corporation in a research note on Friday, May 5th. Wunderlich assumed coverage on shares of Triangle Capital Corporation in a research note on Wednesday, May 17th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research raised shares of Triangle Capital Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Triangle Capital Corporation currently has an average rating of “Buy” and a consensus target price of $21.60.
Shares of Triangle Capital Corporation (TCAP) traded down 0.74% during midday trading on Tuesday, reaching $17.54. 68,053 shares of the company were exchanged. The firm’s 50 day moving average is $18.02 and its 200-day moving average is $18.71. The company has a market capitalization of $836.32 million, a PE ratio of 23.39 and a beta of 0.97. Triangle Capital Corporation has a 52-week low of $16.40 and a 52-week high of $20.60.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.19%. The ex-dividend date of this dividend is Monday, June 5th. Triangle Capital Corporation’s dividend payout ratio is currently 236.85%.
In related news, Director W Mccomb Dunwoody sold 49,286 shares of Triangle Capital Corporation stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $18.86, for a total transaction of $929,533.96. Following the sale, the director now directly owns 106,278 shares in the company, valued at $2,004,403.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.10% of the stock is owned by insiders.
Triangle Capital Corporation 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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