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Last $23.99 USD
Change Today -0.04 / -0.17%
Volume 97.3K
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

triangle capital corp (TCAP) Key Developments

Triangle Capital Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Triangle Capital Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. Total investment income was $30.7 million, compared to $22.0 million for the fourth quarter of 2013, representing an increase of 39.4%. The company's increase in investment income was primarily attributable to a year-over-year increase in the size of its investment portfolio as well as an increase in non-recurring fee and dividend income of $3.5 million from December 31, 2013 to December 31, 2014. Net investment income was $18.1 million, compared to $13.2 million for the fourth quarter of 2013, representing an increase of 36.7%. Net investment income per share was $0.55 compared to $0.48 per share during the fourth quarter of 2013. Net increase in net assets resulting from operations was $0.5 million compared to $17.8 million during the fourth quarter of 2013. The company's net increase in net assets resulting from operations was $0.01 per share compared to $0.64 per share during the fourth quarter of 2013. For the year ended December 31, 2014, total investment income was $104.5 million, compared to total investment income of $101.0 million for the year ended December 31, 2013, representing an increase of 3.4%. The increase was primarily due to (i) higher average portfolio loan balances from December 31, 2013 to December 31, 2014 and (ii) an increase in non-recurring dividend income of $2.3 million. Net investment income was $62.0 million, compared to net investment income of $61.5 million during 2013, representing an increase of 0.8%. Net investment income per share was $2.08 compared to $2.23 per share during 2013. The company's net increase in net assets resulting from operations was $28.4 million, compared to $81.2 million for the year ended December 31, 2013. The company's net increase in net assets resulting from operations was $0.95 per share compared to $2.94 per share in 2013. The company's net asset value per share at December 31, 2014, was $16.11 compared to the Company's net asset value per share at December 31, 2013. Net cash used in operating activities was $188,251,165 against net cash provided by operating activities of $127,359,403 a year ago. Purchases of property and equipment was $96,591 against $45,141 a year ago.

Triangle Capital Corporation Declares Quarterly Cash Dividend, Payable on March 25, 2015; to Pay Supplemental Dividend, Payable on March 25, 2015

Triangle Capital Corporation announced that its board of directors has declared a quarterly cash dividend of $0.54 per share. The dividends will payable on March 25, 2015 to the recoded share holders on March 11, 2015. In addition to this regular quarterly dividend, the company will pay a supplemental dividend of $0.05 per share, bringing the total amount of dividends paid for the first quarter of 2015 to $0.59 per share, or $2.36 per share on an annualized basis. The dividends will payable on March 25, 2015 to the recoded share holders on March 11, 2015.

Triangle Capital Corporation, Q4 2014 Earnings Call, Mar 02, 2015

Triangle Capital Corporation, Q4 2014 Earnings Call, Mar 02, 2015

Radiant Mulls Acquisitions

Radiant Logistics, Inc. (AMEX:RLGT) is looking for acquisitions. Radiant Logistics, Inc. received commitments for a CAD 77.9 million senior secured revolving cross-border credit facility from Bank of America Corporation (NYSE:BAC), CAD 29 million senior secured Canadian term loan from Integrated Private Debt Fund IV LP, CAD 29.9 million subordinated secured term loan from Alcentra Capital Corporation (NasdaqGS:ABDC) and Triangle Capital Corporation (NYSE:TCAP). The financing is intended to provide capital for general corporate purposes, including potential future acquisitions.

Trtriangle Capital Corporation Declares Quarterly and Supplemental Dividend for the Fourth Quarter of 2014, Payable on December 24, 2014

Triangle Capital Corporation announced that its board of directors has declared a quarterly cash dividend of $0.54 per share. In addition to this regular quarterly dividend, the company will pay a supplemental dividend of $0.05 per share, bringing the total amount of dividends paid for the fourth quarter of 2014 to $0.59 per share, or $2.36 on an annualized basis. the dividends will payable on December 24, 2014 to the recoded share holders on December 10, 2014.

 

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Industry Analysis

TCAP

Industry Average

Valuation TCAP Industry Range
Price/Earnings 25.2x
Price/Sales 7.6x
Price/Book 1.5x
Price/Cash Flow 28.1x
TEV/Sales 2.7x
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