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Last $23.02 USD
Change Today -0.23 / -0.99%
Volume 98.8K
TCAP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

triangle capital corp (TCAP) Snapshot

Open
$23.27
Previous Close
$23.25
Day High
$23.30
Day Low
$22.93
52 Week High
07/1/14 - $28.49
52 Week Low
12/17/14 - $18.14
Market Cap
764.0M
Average Volume 10 Days
224.3K
EPS TTM
$1.52
Shares Outstanding
33.2M
EX-Date
03/9/15
P/E TM
15.2x
Dividend
$2.16
Dividend Yield
10.69%
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 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

 

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Industry Analysis

TCAP

Industry Average

Valuation TCAP Industry Range
Price/Earnings 24.4x
Price/Sales 7.3x
Price/Book 1.4x
Price/Cash Flow 27.2x
TEV/Sales 2.4x
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