Last $27.18 USD
Change Today +0.01 / 0.04%
Volume 292.8K
TCAP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

triangle capital corp (TCAP) Snapshot

Open
$27.11
Previous Close
$27.17
Day High
$27.24
Day Low
$26.97
52 Week High
10/30/13 - $30.08
52 Week Low
05/8/14 - $24.54
Market Cap
759.4M
Average Volume 10 Days
213.0K
EPS TTM
$2.09
Shares Outstanding
27.9M
EX-Date
09/8/14
P/E TM
13.0x
Dividend
$2.16
Dividend Yield
9.05%
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 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: 08/12/14
Founded in 2002

triangle capital corp (TCAP) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.4M
President, Chief Operating Officer, Director ...
Total Annual Compensation: $654.0K
Chief Financial Officer, Secretary, Director ...
Total Annual Compensation: $1.1M
Chief Investment Officer, Director and Member...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

triangle capital corp (TCAP) Key Developments

Triangle Capital Corporation Expects Dividend for the Second Half of 2014

Triangle Capital Corporation announced during the second half of 2014, it expect to over-earn base quarterly dividend of $0.54 per share.

Triangle Capital Corporation Provides Dividend Guidance for the Third Quarter of 2014

Triangle Capital Corporation announced that the third quarter 2014 distributions to shareholders, which will be declared at a later time, are expected to total $0.59 per share.

Triangle Capital Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Triangle Capital Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total loan interest, fee and dividend income of $20,735,995 compared to $22,989,068 a year ago. Total investment income was $24,939,766 compared to $27,256,148 a year ago. The decrease in total investment income was primarily attributable to a $2.3 million decrease in total loan interest (including PIK interest), fee and dividend income. Net investment income was $14,658,348 or $0.53 basic and diluted per share compared to $16,271,923 or $0.59 basic and diluted per share a year ago. Net realized gains were $11,690,527 compared to $3,459,748 a year ago. Net increase in net assets resulting from operations was $24,194,338 or $0.87 basic and diluted per share compared to $21,848,467 or $0.79 basic and diluted per share a year ago. For the six months, the company reported total loan interest, fee and dividend income of $40,965,911 compared to $43,188,969 a year ago. Total investment income was $48,978,711 compared to $51,722,083 a year ago. Net investment income was $28,501,689 or $1.02 basic and diluted per share compared to $31,505,388 or $1.15 basic and diluted per share a year ago. Net realized gains were $11,754,175 compared to $5,312,530 a year ago. Net increase in net assets resulting from operations was $36,696,837 or $1.32 basic and diluted per share compared to $40,268,283 or $1.46 basic and diluted per share a year ago. Net cash used in operating activities was $34,133,473 compared to net cash provided by operating activities of $94,219,473 a year ago. Purchases of property and equipment were $34,827 compared to $17,145 a year ago. Net asset value per share as at June 30, 2014 was $15.95 compared to $16.10 per share at December 31, 2013.

 

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Industry Analysis

TCAP

Industry Average

Valuation TCAP Industry Range
Price/Earnings 9.7x
Price/Sales 7.7x
Price/Book 1.7x
Price/Cash Flow 9.8x
TEV/Sales 3.1x
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