Seeking Alpha

Triangle Capital (TCAP -0.7%) recovers a chunk of a steeper early decline following its earnings...

Triangle Capital (TCAP -0.7%) recovers a chunk of a steeper early decline following its earnings miss. NII of $0.56/share is up 14.3% Y/Y and NAV of $15.32/share rose $0.02 from Dec. 31. The weighted-average yield on debt investments rose 20 bps from Dec. 31 to 14.8%. If there's a weakness, it would be light investment activity in Q1 - $10.3M of new investments, balanced nearly in full by repayments and other sales. (PR)
Comments (2)
  • Great stock, good yield, good leadership, fabulous region of the country. If the officers will avoid being greedy this could be the next Berkshire Hathaway. I believe that 10 years from now you will be VERY happy that you bought and held TCAP!!
    9 May 2013, 12:19 PM Reply Like
  • Not a very comforting sign that they did not have much in new investments. That could have a negative effect on future dividend payments. Maybe not a cut, but probably no increase for a few quarters.
    9 May 2013, 04:47 PM Reply Like
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