In recent articles such as "High Priced BDCs: Are They Worth It?" I have considered Triangle Capital (NYSE:TCAP) to be overpriced compared to other BDCs with investors currently paying an 83% premium over book value and a P/E multiple of 12.6 times last twelve months earnings. This overpricing has reduced its yield to 7.7% but does not take into account the potential for dividend or net asset value ("NAV") growth which I will do in this article as well as compare it to the total returns of four other BDCs. I will also take into account the potential risks investors should be aware of when investing in TCAP as well as pricing considerations and the metrics...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|