Insider Selling: Brent Burgess Sells 35,695 Shares of Triangle Capital Corp. Stock (TCAP)
Triangle Capital Corp. (NASDAQ:TCAP) CIO Brent Burgess unloaded 35,695 shares of Triangle Capital Corp. stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $29.15, for a total transaction of $1,040,509.25. Following the sale, the executive now directly owns 203,603 shares in the company, valued at approximately $5,935,027. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Triangle Capital Corp. (NASDAQ:TCAP) from $30.50 to $30.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock.
Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.88.
Shares of Triangle Capital Corp. (NASDAQ:TCAP) traded up 0.41% during mid-day trading on Monday, hitting $29.38. The stock had a trading volume of 144,846 shares. Triangle Capital Corp. has a 1-year low of $21.36 and a 1-year high of $30.70. The stock’s 50-day moving average is $29.37 and its 200-day moving average is $28.51. The company has a market cap of $810.9 million and a price-to-earnings ratio of 11.13.
Triangle Capital Corp. (NASDAQ:TCAP) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $24.89 million. During the same quarter last year, the company posted $0.52 earnings per share. Triangle Capital Corp.’s revenue was up 24.1% compared to the same quarter last year. On average, analysts predict that Triangle Capital Corp. will post $2.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Monday, September 9th.
Triangle Capital Corporation is a specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States.
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