Triangle Capital (TCAP) Getting Somewhat Positive News Coverage, Analysis Shows

News stories about Triangle Capital (NYSE:TCAP) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Triangle Capital earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the credit services provider an impact score of 46.7577869662452 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

NYSE:TCAP traded down $0.03 during trading hours on Tuesday, reaching $11.62. The company had a trading volume of 238,700 shares, compared to its average volume of 414,990. Triangle Capital has a one year low of $8.91 and a one year high of $18.00. The stock has a market capitalization of $551.32 million, a price-to-earnings ratio of 7.50 and a beta of 0.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 116.18 and a quick ratio of 116.18.

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Triangle Capital (NYSE:TCAP) last announced its quarterly earnings results on Wednesday, May 2nd. The credit services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Triangle Capital had a negative net margin of 17.98% and a positive return on equity of 10.25%. The company had revenue of $26.08 million during the quarter, compared to the consensus estimate of $26.65 million. research analysts expect that Triangle Capital will post 0.86 EPS for the current fiscal year.

A number of analysts have recently issued reports on TCAP shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 price objective on shares of Triangle Capital in a research report on Thursday, March 1st. National Securities restated a “neutral” rating and set a $11.00 price objective on shares of Triangle Capital in a research report on Friday, March 2nd. Zacks Investment Research cut Triangle Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 7th. ValuEngine upgraded Triangle Capital from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Finally, Raymond James cut Triangle Capital from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 5th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.75.

Triangle Capital Company Profile

Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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