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Dividend investing, high income, BDCs, activist investor

Triangle Capital: Is It Priced For Total Return?

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...

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