Triangle Capital Corporation Company Profile (NYSE:TCAP)

Triangle Capital Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCAP."

Triangle Capital Corporation announced a quarterly dividend on Thursday, August 3rd. Investors of record on Wednesday, September 6th will be paid a dividend of $0.45 per share on Wednesday, September 20th. This represents a $1.80 annualized dividend and a yield of 12.99%. The ex-dividend date is Friday, September 1st. View Triangle Capital Corporation's Dividend History.

Triangle Capital Corporation (NYSE:TCAP) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.41 EPS for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.01. The business had revenue of $31.20 million for the quarter, compared to analysts' expectations of $33.25 million. Triangle Capital Corporation had a net margin of 16.92% and a return on equity of 10.51%. Triangle Capital Corporation's revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. View Triangle Capital Corporation's Earnings History.

Triangle Capital Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Triangle Capital Corporation.

9 analysts have issued 12 month price targets for Triangle Capital Corporation's stock. Their predictions range from $15.50 to $23.00. On average, they anticipate Triangle Capital Corporation's share price to reach $18.36 in the next twelve months. View Analyst Ratings for Triangle Capital Corporation.

Here are some recent quotes from research analysts about Triangle Capital Corporation stock:

• 1. National Securities analysts commented, "• TCAP reported NII/share of $0.41 versus our estimate of $0.44 and the dividend of $0.45. Total non-accruals at cost (including PIK) increased to $94.1 million or 7.5% of the portfolio from $68.2 million or 5.7% of the portfolio Q/Q. The worrisome trend continues to get worse and the pattern of PIK non-accruals turning into full cash non-accruals has been maintained as well. We do not expect this to resolve itself any time soon and as a result we think the non-accruals will continue to weigh on all-in effective yields on the portfolio, causing TCAP to continue to under-earn the dividend and eventually force them to cut it to $0.39/share in 1Q18.
  • NAV/share decreased by 3% Q/Q to $14.85 from $15.29, generating an annualized economic return of 0.1%. We expect this will not be the end of NAV declines for the year and model NAV/share to finish 2017 at $14.18 before we expect it to recover in 2018. Realized losses finished 2Q17 at $80.9 million from $54.7 million in 1Q17 and $42.6 million a year ago and we expect this to increase to $105.3 million in 1Q18.
  • We are revising our 2017 NII/share estimate to $1.68 from $1.81 and our 2018 NII/share estimate to $1.77 from $1.96." (8/7/2017)
• 2. According to Zacks Investment Research, "TRIANGLE CAPITAL CORPORATION is a specialty finance company organized to provide customized financing solutions to lower middle market companies located throughout the United States. Triangle's investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle's investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions to fund growth, changes of control, or other corporate events. " (7/13/2017)
• 3. Jefferies Group LLC analysts commented, "TCAP reported 1Q17 NOI per share of $0.42 versus our $0.45. While NOI missed our estimate on abnormally low non-recurring fee income (which can be volatile QoQ) we believe the focus should be on what was yet another active quarter of investment activity and over $500M of existing liquidity. We have updated our estimates to account for this quarter’s origination and yield trends and continue to expect TCAP can support the dividend. Reiterate Buy. 1Q17 Results. TCAP reported NOI per share of $0.42 below our $0.45 forecast and consensus of $0.44. Total investment income of $30.1M was below our $32.1M forecast, driven by lower fee income during the quarter and greater than anticipated yield compression. Total expenses of $12.4M were in-line with our $12.4M forecast. Despite the NOI miss, we view the quarter positively given consistent credit and strong originations. As a note the company had ~$1.2M in lower non-recurring fee income this quarter ($1.8M in 1Q17 versus $3M in 4Q16) which we believe drove the majority of the miss. 2017 is positioning to be a strong year for originations, predicated by ample dry-powder and liquidity, which should support NOI. This quarter’s gross originations of $162M were particularly robust and we observe they were the highest since late 2014 as the company continues to deploy its ample amount of dry powder from its recent equity raise." (5/5/2017)

Some companies that are related to Triangle Capital Corporation include Apollo Investment Corporation (AINV), TPG Specialty Lending (TSLX), Liberty All-Star Equity Fund (USA), Golub Capital BDC (GBDC), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC) and Medley Capital Corporation (MCC).

Triangle Capital Corporation's management team includes the folowing people:

• E. Ashton Poole, Chairman of the Board, President, Chief Executive Officer
• Steven C. Lilly, Chief Financial Officer, Chief Compliance Officer, Secretary, Director
• Douglas A. Vaughn, Chief Administrative Officer, Senior Managing Director
• Jeffrey A. Dombcik, Senior Managing Director, Chief Credit Officer
• Cary B. Nordan, Senior Managing Director, Chief Origination Officer
• Garland S. Tucker III, Director
• W. McComb Dunwoody, Independent Director
• Mark M. Gambill, Independent Director
• Benjamin S. Goldstein, Independent Director
• Mark F. Mulhern, Independent Director

Triangle Capital Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Muzinich & Co. Inc. (4.08%), Wells Fargo & Company MN (3.00%), Confluence Investment Management LLC (1.07%), Van ECK Associates Corp (0.87%), Ares Management LLC (0.85%) and State of New Jersey Common Pension Fund D (0.84%). Company insiders that own Triangle Capital Corporation stock include Benjamin S Goldstein, Brent P W Burgess, C Robert Jr Knox, E Ashton Poole, Garland S Tucker III, Sherwood Hubbard Jr Smith, Simon B Jr Rich and W Mccomb Dunwoody. View Institutional Ownership Trends for Triangle Capital Corporation.

Triangle Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Yorktown Management & Research Co Inc, Greenwich Investment Management Inc., Royal Bank of Canada, Confluence Investment Management LLC, Wealthsource Partners LLC, Davidson & Garrard Inc. and JPMorgan Chase & Co.. Company insiders that have sold Triangle Capital Corporation stock in the last year include C Robert Jr Knox and W Mccomb Dunwoody. View Insider Buying and Selling for Triangle Capital Corporation.

Triangle Capital Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Novare Capital Management LLC, Muzinich & Co. Inc., First Personal Financial Services, Ares Management LLC, BB&T Securities LLC, Geneva Advisors LLC, Wells Fargo & Company MN and Parallax Volatility Advisers L.P.. Company insiders that have bought Triangle Capital Corporation stock in the last two years include Benjamin S Goldstein, Brent P W Burgess, E Ashton Poole, Garland S Tucker III, Sherwood Hubbard Jr Smith and Simon B Jr Rich. View Insider Buying and Selling for Triangle Capital Corporation.

Shares of Triangle Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Triangle Capital Corporation stock can currently be purchased for approximately $13.86.