Headlines about Triangle Capital (NYSE:TCAP) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Triangle Capital earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the credit services provider an impact score of 44.9486654311628 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Triangle Capital (NYSE:TCAP) traded down $0.03 during trading on Tuesday, hitting $11.53. The company had a trading volume of 66,706 shares, compared to its average volume of 460,852. The company has a debt-to-equity ratio of 0.88, a quick ratio of 43.15 and a current ratio of 43.15. Triangle Capital has a 12-month low of $8.91 and a 12-month high of $19.16. The stock has a market capitalization of $556.60, a P/E ratio of -20.19, a PEG ratio of 1.88 and a beta of 0.80.
Triangle Capital (NYSE:TCAP) last posted its quarterly earnings results on Wednesday, February 28th. The credit services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The firm had revenue of $31.70 million for the quarter, compared to the consensus estimate of $28.85 million. Triangle Capital had a positive return on equity of 10.67% and a negative net margin of 23.29%. During the same period in the previous year, the business earned $0.46 earnings per share. research analysts expect that Triangle Capital will post 1.24 EPS for the current fiscal year.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded Triangle Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 7th. National Securities reiterated a “neutral” rating and issued a $11.00 target price on shares of Triangle Capital in a research note on Friday, March 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 target price on shares of Triangle Capital in a research note on Thursday, March 1st. ValuEngine downgraded Triangle Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Raymond James Financial upgraded Triangle Capital from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.00.
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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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