Last $20.27 USD
Change Today -0.18 / -0.88%
Volume 220.4K
TCAP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

triangle capital corp (TCAP) Snapshot

Open
$20.46
Previous Close
$20.45
Day High
$20.46
Day Low
$20.14
52 Week High
02/24/14 - $28.94
52 Week Low
12/17/14 - $18.18
Market Cap
667.0M
Average Volume 10 Days
459.9K
EPS TTM
$1.94
Shares Outstanding
32.9M
EX-Date
12/8/14
P/E TM
10.4x
Dividend
$2.16
Dividend Yield
12.63%
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: 12/4/14
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

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.

Triangle Capital Corporation Presents at 2014 Wells Fargo Middle Market / BDC CEO Leadership Forum, Nov-18-2014 02:30 PM

Triangle Capital Corporation Presents at 2014 Wells Fargo Middle Market / BDC CEO Leadership Forum, Nov-18-2014 02:30 PM. Venue: The Plaza Hotel, 768 5th Avenue, New York, NY 10022, United States. Speakers: E. Ashton Poole, President, Chief Operating Officer, Director and Member of Investment Committee.

Triangle Capital Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014 and First Half of 2015

Triangle Capital Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total investment income was $24,875,770 or $0.51 basic and diluted per share against $27,315,168 or $0.61 basic and diluted per share a year ago. Net decrease in net assets resulting from operations was $8,812,327 or $0.29 basic and diluted per share against increase of $23,171,664 or $0.84 basic and diluted per share a year ago. This decrease was primarily attributable to a $4.2 million decrease in non-recurring fee and dividend income, a $1.9 million decrease in investment income relating to non-accrual assets and a decrease in the weighted average yield on debt investments from September 30, 2013 to September 30, 2014. Net investment income during the third quarter of 2014 was $15.4 million, compared to net investment income of $16.8 million for the third quarter of 2013, representing a decrease of 8.1%. The company's net investment income per share during the third quarter of 2014 was $0.51, based on a weighted average share count of 30.4 million, as compared to $0.61 per share during the third quarter of 2013, based on a weighted average share count of 27.6 million. Net asset value on a per share basis as of September 30, 2014, was $16.64 versus $15.15 - $15.95 at June 30, 2014, representing an increase of $0.69 per share. For the nine months, the company reported total investment income was $73,854,481 or $1.53 basic and diluted per share against $79,037,251 or $1.75 basic and diluted per share a year ago. Net increase in net assets resulting from operations was $27,884,510 or $0.97 basic and diluted per share against increase of $63,439,947 or $2.30 basic and diluted per share a year ago. Net cash used in operating activities was $149,168,585 against net cash from operating activities of $139,634,664 a year ago. Purchases of property and equipment were $70,644 against $29,056 a year ago. The company's net asset value, or NAV, at September 30, 2014, was $16.64 per share as compared to $16.10 per share at December 31, 2013. As the company looks toward year-end 2014 and the first half of 2015, the company expects the $0.59 per share quarterly and supplemental dividend to continue to remain stable.

 

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Industry Analysis

TCAP

Industry Average

Valuation TCAP Industry Range
Price/Earnings 12.6x
Price/Sales 6.4x
Price/Book 1.2x
Price/Cash Flow 14.6x
TEV/Sales 2.1x
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