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Triangle Capital notes big improvement in investment pipeline

Aug. 03, 2016 4:49 PM ETTriangle Capital (TCAP-OLD) StockTCAP-OLDBy: Stephen Alpher, SA News Editor7 Comments
  • Q2 net investment income of $16.3M or $0.49 per share vs. $9.6M and $0.29 in Q1 (which was affected by severance pay).
  • Net asset value per share of $14.82 down $0.20 from three months earlier. Today's close was $19.87.
  • Net increase in net assets from operations of $6.7M or $0.20 per share vs. $12.4M and $0.37 in Q1.
  • CEO Ashton Poole notes a recent "marked improvement" in the investment pipeline, and says this is the main reason behind the recent capital raise.
  • CC tomorrow at 9 ET
  • Previously: Triangle Capital beats by $0.01, beats on total investment income (Aug. 3)
  • TCAP-OLD +0.15% after hours

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