Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Triangle Capital Corporation (TCAP) Stock Price
News articles about Triangle Capital Corporation (NYSE:TCAP) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern 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 0.01 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 43.6767034767876 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Triangle Capital Corporation – GlobeNewswire (press release) (globenewswire.com)
- TRIANGLE CAPITAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI … – GlobeNewswire (press release) (globenewswire.com)
- TCAP INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Triangle Capital … – Business Wire (press release) (businesswire.com)
- Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Triangle Capital Corporation … – GlobeNewswire (press release) (globenewswire.com)
- TRIANGLE CAPITAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Triangle Capital Corporation – (TCAP) (finance.yahoo.com)
Triangle Capital Corporation (NYSE:TCAP) opened at $9.62 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 56.98 and a quick ratio of 56.98. Triangle Capital Corporation has a 52-week low of $8.91 and a 52-week high of $20.35. The firm has a market capitalization of $459.74, a PE ratio of 5.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91.
Triangle Capital Corporation (NYSE:TCAP) last issued its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). The company had revenue of $29.88 million for the quarter, compared to analyst estimates of $32.84 million. Triangle Capital Corporation had a negative net margin of 36.80% and a positive return on equity of 10.67%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. sell-side analysts anticipate that Triangle Capital Corporation will post 1.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, December 5th. This represents a $1.20 annualized dividend and a yield of 12.47%. Triangle Capital Corporation’s dividend payout ratio is presently -202.24%.
Several analysts have commented on TCAP shares. ValuEngine upgraded Triangle Capital Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods lowered Triangle Capital Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $20.50 to $18.00 in a research report on Thursday, August 3rd. JMP Securities lowered Triangle Capital Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. BidaskClub lowered Triangle Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Hilliard Lyons lowered Triangle Capital Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $15.50 in a research report on Monday, August 7th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Triangle Capital Corporation presently has a consensus rating of “Hold” and an average price target of $16.57.
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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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