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Triangle Capital

5/20/2013, 11:20 PM ET

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| Earnings
| Dividends
| M&A
| On the move

Friday, May 10, 3:58 PM Main Street Capital (MAIN +0.6%) touts portfolio activity in its earnings call, with $56.2M in originations (total portfolio around $900M) in Q1 and current pipeline "consistent with the levels we have historically experienced (CC transcript)." Triangle Capital (TCAP +1.1%) - which got punished yesterday for light activity and a middling outlook - bounces nicely today. Comment! [Financials]
Friday, May 10, 7:12 AM More deal flow. Prospect Capital (PSEC) provides a $60M credit line to Sandow Media, LLC, bringing YTD originations to about $1B. For perspective, the company closed nearly $3B in the year ended March 31. Triangle Capital (TCAP) yesterday got hit for a 5% decline after reporting very little Q1 action and management silent on Q2 as it waxed optimistic about 2013 H2. 4 Comments [Financials]
Thursday, May 9, 4:36 PM Triangle Capital (TCAP -5%) took a big tumble following the earnings call as management was pressed (transcript) on what was going on in the market that led to such little portfolio activity in Q1. "There were deals that we hoped to get that we didn't get ... it was definitely slower activity," says CIO Brent Burgess, quickly adding he sees pipelines building and expects a busy Q3 and Q4 (Q2 not mentioned). Comment! [Financials, On the Move]
Thursday, May 9, 11:53 AM 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) 2 Comments [Financials]
Wednesday, May 8, 4:03 PM Triangle Capital (TCAP): Q1 NII of $0.56 misses by $0.01. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, May 8, 12:10 AM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Tuesday, May 7, 5:35 PM Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX Comment! [Earnings]
Wednesday, March 6, 4:23 PM More on Triangle Capital (TCAP) Q4 earnings: Net asset value of $15.30/share, up from $14.68 a year ago. Net investment income of $0.57/share, +29.6% Y/Y and compares to $0.53 dividend (going to $0.54 in Q1). Total investment portfolio of $706.8M. Weighted average yield on debt instruments of 14.6%. (PR) Comment! [Financials]
Wednesday, March 6, 4:05 PM Triangle Capital (TCAP): Q4 EPS of $0.57 beats by $0.02. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, March 6, 12:10 AM Notable earnings after Wednesday’s close: ALJ, AMTG, CODI, DK, DRYS, ERII, NQ, PETM, PNY, TCAP Comment! [Earnings]
Tuesday, March 5, 5:35 PM Notable earnings after Wednesday’s close: ALJ, AMTG, CODI, DK, DRYS, ERII, NQ, PETM, PNY, TCAP Comment! [Earnings]
Wednesday, February 27, 6:55 PM Triangle Capital Corporation (TCAP) declares $0.54/share quarterly dividend. Forward yield 7.24%. For shareholders of record Mar. 13. Payable Mar. 27. Ex-div date Mar. 11. (PR) Comment! [Dividends]
Wednesday, February 27, 5:04 PM Triangle Capital (TCAP) increases its quarterly dividend to $0.54/share from $0.53 previously. The annualized yield goes to 7.24%. (PR) Comment! [Financials]
Friday, February 8, 12:54 PM In 2013 Q1, BDCs might find themselves paying for a robust 2012 Q4 (when companies rushed to close deals ahead of tax hikes). "Our deal pipeline in Q1 is much slower than it was last quarter," said Golub Capital (GBDC) CEO David Golub on the earnings call (transcript). "It's not anemic ... but there's no question that we and others in the market are feeling the full-forward effect of last quarter." 6 Comments [Financials]
Wednesday, November 28, 2012, 7:14 AM Triangle Capital (TCAP) increases its quarterly dividend by $0.01 to $0.53/share. At yesterday's closing price, it's a 8.66% annualized yield. Trading well above book value, the stock has struggled along with many other BDCs this month, but still commands a fancy 59.7% premium (based on Sept. 30's reported value). (PR) Comment! [Financials]
Wednesday, November 28, 2012, 7:14 AM Triangle Capital (TCAP) declares $0.53/share quarterly dividend, 1.9% increase from prior dividend of $0.52. Forward yield 8.65%. For shareholders of record Dec 12. Payable Dec 26. Ex-div date Dec 10. (PR) Comment! [Dividends]