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Last $20.03 USD
Change Today +0.52 / 2.67%
Volume 175.1K
TCAP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

triangle capital corp (TCAP) Snapshot

Open
$19.66
Previous Close
$19.51
Day High
$20.10
Day Low
$19.61
52 Week High
09/2/14 - $27.38
52 Week Low
08/24/15 - $16.96
Market Cap
666.4M
Average Volume 10 Days
177.8K
EPS TTM
$2.01
Shares Outstanding
33.3M
EX-Date
09/4/15
P/E TM
9.9x
Dividend
$2.16
Dividend Yield
11.78%
Current Stock Chart for TRIANGLE CAPITAL CORP (TCAP)

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triangle capital corp (TCAP) Details

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. The firm prefers to make investments in many business sectors including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media, and others. It primarily invests in companies located throughout the United States, with an emphasis on the Southeast and Midatlantic. The firm makes equity investments between $1 million and $25 million and debt investments between $5 million and $30 million per transaction, in companies having annual revenues between $20 million and $200 million and EBITDA between $3 million and $35 million and can also co-invest. It typically makes investments between $5 million and $35 million. It primarily invests in senior subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. The firm also invests in senior debt securities secured by first lien security interests in portfolio companies. Triangle Capital Corporation was founded in 2002 and is based in Raleigh, North Carolina.

25 Employees
Last Reported Date: 03/2/15
Founded in 2002

triangle capital corp (TCAP) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.2M
President, Chief Operating Officer, Director ...
Total Annual Compensation: $1.1M
Chief Financial Officer, Secretary, Director ...
Total Annual Compensation: $935.0K
Chief Investment Officer, Director and Member...
Total Annual Compensation: $935.0K
Compensation as of Fiscal Year 2014.

triangle capital corp (TCAP) Key Developments

Triangle Capital Corporation Declares Quarterly Cash Dividend and Supplemental Dividend, Payable on September 23, 2015

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, Triangle will pay a supplemental dividend of $0.05 per share, bringing the total amount of dividends paid for the third quarter of 2015 to $0.59 per share, or $2.36 per share on an annualized basis. The dividends payable on September 23, 2015 to the record holders on September 9, 2015.

Triangle Capital Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Triangle Capital Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total investment income was $27,824,904 compared to $24,939,766 a year ago. Net investment income was $16,166,185 or $0.49 basic and diluted per share compared to $14,658,348 or $0.53 basic and diluted per share a year ago. Net realized loss was $17,066,405 compared to net realized gains $11,690,527 a year ago. Net increase in net assets resulting from operations was $12,175,588 or $0.37 basic and diluted per share compared to $24,194,338 or $0.87 basic and diluted per share a year ago. This increase was partially offset by a $1.4 million decrease in investment income relating to non-accrual assets, a $0.6 million decrease in non- recurring fee and dividend income and a decrease in the weighted average yield on debt investments from June 30, 2014 to June 30, 2015. For the six months, the company reported total investment income was $58,604,474 compared to $48,978,711 a year ago. Net investment income was $33,935,764 or $1.02 basic and diluted per share compared to $28,501,689 or $1.02 basic and diluted per share a year ago. Net realized loss was $13,802,034 compared to net realized gains were $11,754,175 a year ago. Net increase in net assets resulting from operations was $20,529,530 or $0.62 basic and diluted per share compared to $36,696,837 or $1.32 basic and diluted per share a year ago. Net cash provided by operating activities was $40,144,072 compared to net cash used in operating activities of $34,133,473 a year ago. Purchases of property and equipment were $37,091 compared to $34,827 a year ago. Net asset value per share as at June 30, 2015 was $15.47 compared to $16.11 per share at December 31, 2014.

Triangle Capital Corporation, Q2 2015 Earnings Call, Aug 06, 2015

Triangle Capital Corporation, Q2 2015 Earnings Call, Aug 06, 2015

 

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Industry Analysis

TCAP

Industry Average

Valuation TCAP Industry Range
Price/Earnings 53.3x
Price/Sales 5.8x
Price/Book 1.3x
Price/Cash Flow 54.6x
TEV/Sales 0.7x
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