Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. The firm prefers to make investments in many business sectors including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media, and others. It primarily invests in companies located throughout the United States, with an emphasis on the Southeast and Midatlantic. The firm makes equity investments between $1 million and $25 million and debt investments between $5 million and $30 million per transaction, in companies having annual revenues between $20 million and $200 million and EBITDA between $3 million and $35 million and can also co-invest. It typically makes investments between $5 million and $35 million. It primarily invests in senior subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. The firm also invests in senior debt securities secured by first lien security interests in portfolio companies. Triangle Capital Corporation was incorporated on October 10, 2006 and is based in Raleigh, North Carolina.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:TCAP
CUSIP89584810
Phone919-719-4770
Debt
Debt-to-Equity Ratio0.83
Current Ratio116.18
Quick Ratio116.18
Price-To-Earnings
Trailing P/E Ratio7.45
Forward P/E Ratio13.43
P/E GrowthN/A
Sales & Book Value
Annual Sales$123 million
Price / Sales4.51
Cash Flow$1.4438 per share
Price / Cash8.00
Book Value$13.43 per share
Price / Book0.86
Profitability
EPS (Most Recent Fiscal Year)$1.55
Net Income$-28,650,000.00
Net Margins-17.98%
Return on Equity10.25%
Return on Assets5.54%
Miscellaneous
Employees27
Outstanding Shares48,030,000
Triangle Capital (NYSE:TCAP) Frequently Asked Questions
What is Triangle Capital's stock symbol?
Triangle Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCAP."
How often does Triangle Capital pay dividends? What is the dividend yield for Triangle Capital?
Triangle Capital announced a quarterly dividend on Thursday, March 1st. Investors of record on Wednesday, March 14th will be paid a dividend of $0.30 per share on Wednesday, March 28th. This represents a $1.20 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Tuesday, March 13th. View Triangle Capital's Dividend History.
How were Triangle Capital's earnings last quarter?
Triangle Capital Co. (NYSE:TCAP) released its earnings results on Wednesday, May, 2nd. The credit services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.04. The credit services provider earned $26.08 million during the quarter, compared to analyst estimates of $26.65 million. Triangle Capital had a negative net margin of 17.98% and a positive return on equity of 10.25%. View Triangle Capital's Earnings History.
When is Triangle Capital's next earnings date?
What price target have analysts set for TCAP?
11 brokerages have issued twelve-month target prices for Triangle Capital's stock. Their predictions range from $12.00 to $18.00. On average, they expect Triangle Capital's share price to reach $13.90 in the next year. View Analyst Ratings for Triangle Capital.
What are Wall Street analysts saying about Triangle Capital stock?
Here are some recent quotes from research analysts about Triangle Capital stock:
- 1. 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. " (6/14/2018)
- 2. National Securities analysts commented, "• TCAP’s NII/share came in at $0.27/share versus consensus estimates of $0.29 and our estimate of $0.28. While this was below the $0.30/share quarterly dividend, we think the quarter itself was largely inconsequential as the market continues to look towards Barings taking over as the external manager in the next couple of months.
• We think that the strategic review outcome was one that worked out well for TCAP shareholders, with Benefit Street taking all the risk in terms of the legacy portfolio and Barings getting to start with a clean slate and pile of cash.
• The initial ramp up of the portfolio will have Barings purchasing liquid loans and some high yield bonds as placeholder assets before we model a lot of the recycling to take place in 2019. This should lead to stair step increases in NII/share and dividends/share through 2019 as the company redeploys capital into primary originations.
• Non-accruals at cost went down Q/Q to $106.2 million or 10.0% of the portfolio from $120.1 million or 10.7% of the portfolio and NAV/share declined by only 7 cents to $13.36. The clean slate Barings will start with courtesy of Benefit Street taking the highly distressed legacy portfolio bodes well for NAV/share through the remainder of 2018 and into 2019. Our $13 price target represents a 7% discount to our 4Q19 NAV/share estimate of $13.94 which we think is a reasonable discount given the transition of the company.
• We are revising our 2018 NII/share estimate to $0.67 from $0.72 and our 2019 NII/share estimate to $0.74 from $0.76." (5/7/2018)
Are investors shorting Triangle Capital?
Triangle Capital saw a decrease in short interest in the month of May. As of May 31st, there was short interest totalling 607,716 shares, a decrease of 59.6% from the May 15th total of 1,503,477 shares. Based on an average trading volume of 297,416 shares, the short-interest ratio is presently 2.0 days. Approximately 1.3% of the shares of the stock are short sold.
Who are some of Triangle Capital's key competitors?
Some companies that are related to Triangle Capital include Ares Management LP Unit (ARES), Cohen & Steers (CNS), PJT Partners (PJT), Och-Ziff Capital Management Group (OZM), Virtus Investment Partners (VRTS), Victory Capital (VCTR), Diamond Hill Investment Group (DHIL), Pzena Investment Management (PZN), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Monroe Capital (MRCC), Silvercrest Asset Management Group (SAMG), Value Line (VALU), STONECASTLE Fin/COM (BANX) and Saratoga Investment (SAR).
Who are Triangle Capital's key executives?
Triangle Capital's management team includes the folowing people:
- Mr. E. Ashton Poole, CEO & Chairman (Age 52)
- Mr. Steven C. Lilly, Founder, Sr. MD, CFO, Sec., Chief Compliance Officer & Director (Age 49)
- Mr. Douglas A. Vaughn CFA, Sr. MD & Chief Admin. Officer (Age 48)
- Mr. Cary B. Nordan CFA, Sr. MD & Chief Origination Officer (Age 42)
- Mr. C. Robert Knox Jr., CPA, Sr. VP, Principal Accounting Officer & Controller
Has Triangle Capital been receiving favorable news coverage?
Press coverage about TCAP stock has been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Triangle Capital earned a news sentiment score of 0.14 on Accern's scale. They also gave media headlines about the credit services provider an impact score of 47.02 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Triangle Capital's major shareholders?
Triangle Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Muzinich & Co. Inc. (4.02%), State of New Jersey Common Pension Fund D (3.96%), Citadel Advisors LLC (3.42%), Wells Fargo & Company MN (1.86%), Guggenheim Capital LLC (0.99%) and Greenwich Investment Management Inc. (0.84%). Company insiders that own Triangle Capital stock include C Robert Jr Knox and W Mccomb Dunwoody. View Institutional Ownership Trends for Triangle Capital.
Which institutional investors are selling Triangle Capital stock?
TCAP stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., Citadel Advisors LLC, Guggenheim Capital LLC, State of New Jersey Common Pension Fund D, BlackRock Inc., First Personal Financial Services, Cetera Advisor Networks LLC and Wells Fargo & Company MN. View Insider Buying and Selling for Triangle Capital.
Which institutional investors are buying Triangle Capital stock?
TCAP stock was bought by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Freestone Capital Holdings LLC, Greenwich Investment Management Inc., JPMorgan Chase & Co., Mckinley Capital Management LLC Delaware, Novare Capital Management LLC, State of Tennessee Treasury Department and Aperio Group LLC. View Insider Buying and Selling for Triangle Capital.
How do I buy shares of Triangle Capital?
Shares of TCAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Triangle Capital's stock price today?
One share of TCAP stock can currently be purchased for approximately $11.55.
How big of a company is Triangle Capital?
Triangle Capital has a market capitalization of $547.48 million and generates $123 million in revenue each year. The credit services provider earns $-28,650,000.00 in net income (profit) each year or $1.55 on an earnings per share basis. Triangle Capital employs 27 workers across the globe.
How can I contact Triangle Capital?
Triangle Capital's mailing address is 3700 GLENWOOD AVENUE SUITE 530, RALEIGH NC, 27612. The credit services provider can be reached via phone at 919-719-4770 or via email at [email protected]
MarketBeat Community Rating for Triangle Capital (TCAP)
MarketBeat's community ratings are surveys of what our community members think about Triangle Capital and other stocks. Vote "Outperform" if you believe TCAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TCAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
