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Triangle Capital (TCAP)

- NYSE
  • Wed, May 27, 4:30 PM
    • Triangle Capital (NYSE:TCAP) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 9.03%
    • Payable June 24; for shareholders of record June 10; ex-div June 8.
    • In addition, board  announced supplemental dividend of $0.05/share payable along with quarterly dividend.
    | Comment!
  • Wed, May 6, 5:23 PM
    • Q1 net investment income of $17.8M or $0.54 per share vs. $18.1M and $0.55 in Q4. Dividend is $0.54.
    • Net increase in net assets from operations of $8.4M or $0.25 per share vs. $500M and $0.01.
    • Net asset value per share of $15.64 slips from $16.11 in Q4.
    • Non-accrual assets as a percentage of total portfolio cost of 6.1%, of fair value 2.7%. One quarter ago 5.8% and 3%.
    • Conference call tomorrow at 9 ET
    • Previously: Triangle Capital beats by $0.03, beats on total investment income (May 6)
    • TCAP -0.7%
    | Comment!
  • Wed, May 6, 4:19 PM
    • Triangle Capital (NYSE:TCAP): Q1 NII of $0.54 beats by $0.03.
    • Total investment income of $30.78M (+28.0% Y/Y) beats by $2.16M.
    • Press Release
    | Comment!
  • Wed, May 6, 12:42 PM
    • What suspiciously looks like the cracking of a major government debt bubble in Europe continues to affect the U.S., where the 10-year Treasury yield is up five more basis points today to 2.24% - its highest level of 2015.
    • German 10-year yields are up another 7 bps to 0.59% - two weeks ago, they were 0.05%.
    • Italian and Spanish 10-year yields have now about doubled since mid-March, but are still under 2%.
    • Income favorites have struggled as rates have gone higher and the BDCs are particularly hard-hit today: Prospect Capital (PSEC -2.5%), Ares Capital (ARCC -1.6%), FS Investment (FSIC -1.3%), Main Street (MAIN -1.4%), Apollo Investment (AINV -3.6%), Triangle (TCAP -2.1%), PennantPark Investment (PNNT -1.4%), KCAP Financial (KCAP -1.5%).
    • Earlier, Prospect Capital declared dividends of $0.083 per share for May, June, July, and August - inline with previous.
    • ETFs: BDCL, BDCS, BIZD
    | 20 Comments
  • Thu, Apr. 23, 4:44 PM
    • Radiant Logistics is a non-asset based transportation and logistics company. Triangle Capital's (NYSE:TCAP) $15M subordinated debt investment is to support the purchase of Canada's Wheels Group.
    • Source: Press Release
    | Comment!
  • Mon, Mar. 2, 9:26 AM
    • Q4 net investment income of $18.1M or $0.55 per share vs. $15.4M and $0.51 in Q3. Dividend is $0.54.
    • Net increase in net assets from operations of $500M or $0.01 per share. The company experience a decline of $8.8M or $0.29 per share in Q3.
    • Net asset value per share of $16.11 slips from $16.64. Friday's close was $23.67.
    • Non-accrual assets as a percentage of total portfolio of 5.8%; as a percentage of fair value of 3%.
    • Earnings call is underway.
    • Previously: Triangle Capital beats by $0.04, beats on revenue (March 2)
    • TCAP flat premarket
    | 3 Comments
  • Mon, Mar. 2, 7:53 AM
    • Triangle Capital (NYSE:TCAP): Q4 NII of $0.55 beats by $0.04.
    • Revenue of $30.7M (+39.6% Y/Y) beats by $3.51M.
    • Shares +0.55% PM.
    • Press Release
    | Comment!
  • Thu, Feb. 26, 5:35 PM
  • Wed, Feb. 25, 6:21 AM
    • Triangle Capital (NYSE:TCAP) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 9.39%
    • Payable March 25; for shareholders of record March 11; ex-div March 9.
    • Additionally, board has approved $0.05/share supplemental dividend payable along with regular dividend.
    | 1 Comment
  • Wed, Feb. 4, 7:33 AM
    • Triangle Capital (NYSE:TCAP) prices $75M in 7-year notes bearing a coupon of 6.375%. The underwriters have an option to purchase up to another $11.25M of the paper.
    • Source: Press Release
    | 1 Comment
  • Tue, Feb. 3, 3:44 PM
    • Lower interest rates hadn't really helped one of income players' favorite sectors as they were accompanied by the plunge in oil prices, and worry about what blowups were lurking in BDC portfolios.
    • So even with the 10-year Treasury yield higher by 11 basis points to 1.78% today, oil's now more than 20% run higher in the past few sessions looks to be easing some of those credit concerns, and alongside the rally in BDCs is a nice move higher in junk bonds (HYG +0.6%), (JNK +0.6%).
    • BDC ETFs: BDCL, BDCS, BIZD
    • Individual names: Prospect Capital (PSEC +2.3%), Fifth Street Finance (FSC +3%), FS Investment (FSIC +1.6%), Main Street Capital (MAIN +2.4%), Apollo Investment (AINV +3%), Triangle Capital (TCAP +2.7%), TICC Capital (TICC +3%), PennantPark Investment (PNNT +3.8%), THL Credit (TCRD +3.5%), Golub Capital (GBDC +1.9%).
    | 19 Comments
  • Thu, Jan. 15, 8:01 AM
    • North Carolina-based Nomacorc is the world's largest producer of synthetic wine corks. Triangle's (NYSE:TCAP) investment in the company consists of subordinated debt and equity.
    • Source: Press Release
    | 3 Comments
  • Dec. 17, 2014, 3:41 PM
    • Popular high-yield ETFs HYG and JNK are each ahead by 2% in today's session as the energy sector - which makes up a sizable portion of the high-yield universe posts a strong rally, with the XLE higher by 4.1%.
    • BDCs can sort of be considered the equity equivalents of junk bonds, and they're putting in a big rally today as well.
    • Prospect Capital (PSEC +1.5%), Main Street (MAIN +4.1%), Blackrock Kelso (BKCC +2.4%), Triangle Capital (TCAP +6.4%), KCAP Financial (KCAP +2.6%), THL Credit (TCRD +3.5%), Medley Capital (MCC +2.2%), Fifth Street Finance (FSC +1.5%)
    • ETFs: BDCL, BDCS, BIZD
    | 20 Comments
  • Dec. 9, 2014, 12:57 PM
    • Unable to catch a bid for a few sessions, mortgage REITs (REM +1%) have turned higher in afternoon action, led by Annaly (NLY +0.7%) and American Capital Agency (AGNC +1.5%).
    • Helping are jitters in the stock market (though U.S. averages are well off the lows), and a 10-year Treasury yield that's retreated all the way to 2.21% after hitting the mid-2.30s on the back of Friday's strong jobs number.
    • Armour (ARR +1.1%), Two Harbors (TWO +0.9%), CYS Investments (CYS +1.4%), Invesco (IVR +1.8%), American Capital Mortgage (MTGE +1%), Hatteras Financial (HTS +2%), Capstead (CMO +2%).
    • Other ETFs: MORT, MORL
    • Also showing some green are the recently beaten-up BDCs, including Prospect Capital (PSEC +0.2%), Fifth Street Finance (FSC +0.2%), Ares Capital (ARCC +0.5%), FS Investment (FSIC), Triangle Capital (TCAP +1.7%).
    • ETFs: BDCL, BDCS, BIZD
    • Previously: Money flows back into fixed income (Dec. 9, 2014)
    | 16 Comments
  • Dec. 8, 2014, 11:30 AM
    • A bellwether of sorts in the BDC sector, Prospect Capital (PSEC -6.2%) earlier announced a big dividend cut, and the suspension of its stock issuance program so long as the share price is so far south of book value.
    • Prospect has some of its own issues to deal with, but common across the sector is too much money chasing too few deals, and the resultant lower yields for lower quality lending.
    • Fifth Street Capital (FSC -2.9%), Triangle Capital (TCAP -6.1%), TICC Capital (TICC -2.2%), KCAP Financial (KCAP -1.7%), Medley Capital (MCC -2.3%) Gladstone (GLAD -3.6%), OHA Investment (OHAI -5%), Blackrock Kelso (BKCC -1.1%), Main Street Capital (MAIN -0.2%), PennantPark (PNNT -1.3%).
    • ETFs: BDCL, BDCS, BIZD
    • Previously: Prospect Capital suspends ATM stock issuance program as dividend is cut (Dec. 8, 2014)
    | 47 Comments
  • Dec. 1, 2014, 11:17 AM
    • Fifth Street Finance (FSC -4.1%) reported mediocre FQ4 results earlier this morning, but nothing particularly out of line with the rest of the sector for the quarter ended September 30.
    • Nevertheless, the entire industry (BDCS -2.2%) is lit up red in mid-morning action: Prospect Capital (PSEC -3.7%), Ares Capital (ARCC -2.2%) FS Investment (FSIC -2.4%), Main Street (MAIN -2.1%), Triangle (TCAP -3.5%), OHA Investment (OHAI -3.8%), FIdus Investment (FDUS -4.2%), PennantPark Investmnet (PNNT -3.2%).
    • ETFs: BDCL, BDCS, BIZD
    | 45 Comments
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Company Description
Triangle Capital Corporation is a speciality finance company. The Company provides customized financing solutions to lower middle market companies located in United States. Itlends to and invests in customers in various industries.
Sector: Financial
Country: United States