Triangle Capital Corporation (TCAP) stock had a bullish inflow of $0.69 million worth of trades on uptick and an outflow of $0.48 million in downticks on Friday. The total uptick to downtick ratio stood at 1.46. The net money flow into the stock was $0.22 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0 million. $0 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Triangle Capital Corporation (TCAP) stock traded down $0 , and reached $19.68, a drop of -0.01% over the previous day. On a weekly basis, the stock is -0.87%, over the previous weeks close.
The company Insiders own 3.8% of Triangle Capital Corporation shares according to the proxy statements. Institutional Investors own 20.01% of Triangle Capital Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 5.35%.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Triangle Capital Corp, Rich Simon B. Jr., had purchased 5,000 shares in a transaction dated on May 9, 2016. The transaction was executed at $17.3 per share with total amount equaling $86,500.
Triangle Capital Corporation (NYSE:TCAP): The stock opened at $19.72 and touched an intraday high of $19.9 on Friday. During the day, the stock corrected to an intraday low of $19.55, however, the bulls stepped in and pushed the price higher to close in the green at $19.87 with a gain of 0.97% for the day. The total traded volume for the day was 317,256. The stock had closed at $19.68 in the previous trading session.
On a relative basis, the stock has outperformed the S&P 500 by 0.03% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has risen by 0.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.1% in the past 4 weeks.
Triangle Capital Corporation is a specialty finance company that provides customized financing to lower middle market companies. The Companys investment objective is to seek returns by generating current income from its debt investments and capital appreciation from its equity related investments. It invests primarily in subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. It also invests in senior debt securities secured by first lien security interests in portfolio companies. Its investment portfolio consists of debt and equity instruments of privately held companies for which quoted prices or other inputs falling within the categories of Level 1 and Level 2 are not available. Its target portfolio company has annual revenues between $20.0 million and $200.0 million and annual earnings before interest, taxes, depreciation and amortization (EBITDA) between $3.0 million and $35.0 million.