Somewhat Negative Media Coverage Somewhat Unlikely to Affect Triangle Capital (TCAP) Stock Price
Headlines about Triangle Capital (NYSE:TCAP) have been trending somewhat negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. 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 earned a daily sentiment score of -0.08 on Accern’s scale. Accern also gave news headlines about the credit services provider an impact score of 44.0888029686602 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Zacks: Brokerages Anticipate Triangle Capital Co. (TCAP) Will Announce Quarterly Sales of $28.83 Million (americanbankingnews.com)
- TCAP INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Triangle Capital Corporation and a Lead Plaintiff Deadline of January 22, 2018 (finance.yahoo.com)
- SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Triangle Capital Corporation (TCAP) & Lead Plaintiff Deadline: January 22, 2018 (finance.yahoo.com)
- Triangle Capital Co. (TCAP) Expected to Announce Earnings of $0.34 Per Share (americanbankingnews.com)
- TCAP SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Commencement of a Class Action Involving Triangle Capital Corporation and a Lead Plaintiff Deadline of January 22, 2018 (finance.yahoo.com)
Several research analysts have recently issued reports on the company. ValuEngine raised Triangle Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods set a $18.00 target price on Triangle Capital and gave the company a “hold” rating in a research report on Thursday, October 5th. Raymond James Financial reissued an “underperform” rating on shares of Triangle Capital in a research report on Tuesday, October 17th. Zacks Investment Research raised Triangle Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Robert W. Baird raised Triangle Capital from a “neutral” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Monday, August 28th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.57.
Triangle Capital (NYSE:TCAP) last released its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Triangle Capital had a negative net margin of 36.80% and a positive return on equity of 10.67%. The firm had revenue of $29.88 million during the quarter, compared to analysts’ expectations of $32.84 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. research analysts anticipate that Triangle Capital will post 1.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 12.71%. The ex-dividend date of this dividend is Tuesday, December 5th. Triangle Capital’s payout ratio is currently -134.83%.
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About Triangle Capital
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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