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TCAP Triangle Capital Corporation featured news, full reports, and detailed charts

Triangle Capital Corporation (TCAP) Wrap Up:

We are a Maryland corporation incorporated on October 10, 2006, for the purposes of acquiring 100% of the equity interests in Triangle Mezzanine Fund LLLP (the “Fund”) and its general partner, Triangle Mezzanine LLC (“TML”), raising capital in our initial public offering, which was completed in February 2007 (the “Offering”) and thereafter operating as an internally managed business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). Unless otherwise noted, the terms “we,” “us,” “our” and “Triangle” refer to the Fund prior to the Offering and to Triangle Capital Corporation and its subsidiaries, including the Fund, after the Offering.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f12%2f0000950144-08-001854.html#FIS_BUSINESS"   
www.tcap.com
14 Employees
Founded in 2002

Triangle Capital Corporation (TCAP:NASDAQ)

LAST $12.64 USD
CHANGE TODAY +0.12 0.96%
VOLUME 33.3K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Triangle Capital Corporation (TCAP)

OPEN
$12.48
PREVIOUS CLOSE
$12.52
DAY HIGH
$12.81
DAY LOW
$12.31
52 WEEK HIGH
10/5/09 - $13.28
52 WEEK LOW
03/6/09 - $5.21
MARKET CAP
125.2M
AVERAGE VOLUME 3 mo
32.8K
DILUTED EPS TTM
$-0.30
SHARES OUTSTANDING
9.9M
EX-DATE
10/6/09
P/E TTM
NM
DIVIDEND
$1.64
DIVIDEND YIELD
12.97%
K = Thousands  M = Millions  B = Billions

TCAP Top Compensated Officers

Mr. Garland S. Tucker III
Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $530.0K
Mr. Steven C. Lilly
Chief Financial Officer, Chief Compliance Off...
Total Annual Compensation: $480.0K
Mr. Brent P. W. Burgess
Chief Investment Officer, Director and Member...
Total Annual Compensation: $480.0K
Mr. Tarlton H. Long
Senior Advisor and Member of Investment Commi...
Total Annual Compensation: $175.0K
Mr. David F. Parker
Senior Advisor and Member of Investment Commi...
Total Annual Compensation: $175.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Triangle Capital Corporation (TCAP)

Triangle Capital Corporation Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended Sept. 30, 2009

Triangle Capital Corporation announced Unaudited Consolidated financial results for the third quarter and nine months ended Sept. 30, 2009. For the quarter, total investment income was $7.1 million, compared to total investment income of $5.9 million for the third quarter of 2008, representing an increase of 20.9%. The company's increase in investment income is primarily attributable to new portfolio investments made during 2008 and 2009 which resulted in an increase in total loan interest, fee, dividend and paid-in-kind interest income of approximately $1.1 million. Net investment income was $3.7 million, compared to net investment income of $3.2 million for the third quarter of 2008, representing an increase of 15.8%. Net investment income per share during the third quarter of 2009 was $0.41 compared to $0.46 during the third quarter of 2008. For the nine months, the company reported net investment income was $10.0 million or $1.25 per basic and diluted share compared to $7.7 million or $1.12 per basic and diluted share for the same period a year ago. Total net loss on investments before income taxes was $14.2 million compared to $1.3 million for the same period a year ago. Net decrease in net assets resulting from operations was $4.2 million or $0.53 per basic and diluted share compared to the net increase in net assets resulting from operations of $6.1 million or $0.89 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $11.3 million against $58.2 million for the same period a year ago. The company spent $3.2 million on purchases of property and equipment compared to $25.0 million for the same period a year ago.

Triangle Capital Corporation Declares Cash Dividend Payable on October 22, 2009

Triangle Capital Corporation announced that its board of directors has declared a cash dividend of $0.41 per share. This is the company's eleventh consecutive quarterly dividend since its initial public offering in February, 2007, and reflects a 2.5% increase over the second quarter of 2009 and a 7.9% increase over the third quarter of 2008. The company will pay dividend on October 22, 2009 and record date of October 8, 2009.

Triangle Capital Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2009

Triangle Capital Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. Total investment income was $6.5 million against $5.0 million last year. Net investment income was $3.2 million or $0.41 per basic and diluted share against $2.5 million or $0.37 per basic and diluted share last year. Net decrease in net assets resulting from operations per basic and diluted share was $0.36 against net increase in net assets resulting from operations per basic and diluted share of $0.41 last year. Total net loss on investments before income taxes was $6.0 million against total net gain on investments before income taxes of $381,815 last year. Net decrease in net assets resulting from operations was $2.8 million against net increase in net assets resulting from operations of $2.8 million last year. The company's increase in investment income is primarily attributable to new portfolio investments made during 2008 and 2009 which resulted in an increase in total loan interest, fee, dividend and paid-in-kind income of approximately $1.5 million. For the six months, net decrease in net assets resulting from operations was $3.4 million against net increase in net assets resulting from operations of $3.6 million last year. Net cash provided by operating activities was $2.1 million against net cash used in operating activities of $49.1 million last year. Net asset value per share was $11.31 at June 30, 2009 against $13.22 at December 31, 2008. Total investment income was $13.0 million against $8.8 million last year. Net investment income was $6.2 million or $0.84 per basic and diluted share against $4.4 million or $0.65 per basic and diluted share last year. Net decrease in net assets resulting from operations per basic and diluted share was $0.46 against net increase in net assets resulting from operations per basic and diluted share of $0.53 last year. Total net loss on investments before income taxes was $9.6 million against $640,068 last year. Net decrease in net assets resulting from operations was $3.4 million against net increase in net assets resulting from operations of $3.6 million last year.

otc, otcbb, pinksheet, TCAP, ob Triangle Capital Corporation

TCAP Competitors

Company Last Change
Capital Southwest Corp $76.50 USD 0.00
Harris & Harris Group Inc $4.44 USD -0.06
Patriot Capital Funding Inc $3.89 USD +0.01
Rand Capital Corp $4.05 USD 0.00
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation TCAP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.3x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

TCAP

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TCAP transactions

Type
Date
Target
Private Placement
September 30, 2009
Technology Crops International

More Recent News About Triangle Capital Corporation

More news for TCAP

Triangle Capital Corporation Closes Public Offering of Common Stock

RALEIGH, N.C., Aug. 12, 2009 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (Nasdaq:TCAP - News; the "Company") today closed its underwritten public offering of 1,300,000 shares of common stock at a price of $10.42 per share. In addition, the underwriters fully exercised their option to purchase 195,000 additional shares of the Company's common stock to cover over-allotments. Today's closing included the sale of the over-allotment shares, bringing the total number of shares sold in this offering to 1,495,000. Net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, were approximately $14,595,500. The Company intends to invest these net proceeds in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. The underwriters of this offering were RBC Capital Markets Corporation, BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Morgan Keegan & Company, Inc., and Sterne, Agee & Leach, Inc. The shares of common stock were sold pursuant to a registration statement that has been filed with and declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares referred to in this press release. About Triangle Capital Corporation Triangle Capital Corporation (...
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Triangle Capital Corporation Invests $5.8 Million in Grindmaster-Cecilware Corporation

Triangle Capital Corporation Invests $5.8 Million in Grindmaster-Cecilware Corporation - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text...
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Triangle Capital Corporation Declares Cash Dividend of $0.41 Per Share

RALEIGH, N.C., Sept. 23, 2009 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (Nasdaq:TCAP - News) ("Triangle" or the "Company"), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced that its board of directors has declared a cash dividend of $0.41 per share. This is the Company's eleventh consecutive quarterly dividend since its initial public offering in February, 2007, and reflects a 2.5% increase over the second quarter of 2009 and a 7.9% increase over the third quarter of 2008. The Company's dividend will be payable as follows: Record Date: October 8, 2009 Payment Date: October 22, 2009 Triangle has adopted a dividend reinvestment plan ("DRIP") that provides for reinvestment of dividends on behalf of its shareholders, unless a shareholder elects to receive cash. As a result, when the Company declares a cash dividend, shareholders who have not opted out of the DRIP will have their cash dividends automatically reinvested in additional shares of the Company's common stock, rather than receiving cash dividends. When the Company declares and pays dividends, it determines the allocation of the distribution between current income, accumulated income and return of capital on the basis of accounting principles generally accepted in the United States ("GAAP"). At each year end, the Company is required for tax purposes to determine the dividend allocation bas...
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Triangle Capital invests $5.8M in Grindmaster-Cecilware

Triangle Capital Corp. is betting that bigger is better – at least in the realm of selling coffee makers, beverage dispensers and cooking equipment to commercial kitchens and convenience stores nationwide. The Raleigh-based specialty business lender said Wednesday that it has closed on a $5.8 million subordinated debt investment in the newly formed Grindmaster-Cecilware Corp., a company that came into existence last week when Long Island-based Cecilware closed on an acquisition of Louisville, Ky.-based Grindmaster. Cecilware has built its business selling a wide range of equipment – including the kitchen sink – to restaurants and convenience stores. Grindmaster has operated in the same space, but has focused a little more on coffee-related equipment such as grinders, brewers, urns and Espresso machines. Private equity firm BNY Mezzanine Partners L.P. helped facilitate the merger in exchange for equity in the new company, which has more than 375 employees in the United States and Thailand. Financial terms of the merger were not released. Triangle Capital (Nasdaq: TCAP) typically invests between $5 million and $15 million in companies with annual revenue between $20 million and $70 million, and earnings before income taxes, depreciation and amortization of between $2 million and $20 million. The lender makes its money through interest payments on loans and from appreciation in the value of equity stakes it takes in portfolio companies. With Grindmaster-Cecilware, Triangle Capital sees potential for big growth from the combined entity. "With a...
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Triangle Capital Corporation Reports Third Quarter 2009 Results

RALEIGH, N.C., Nov. 4, 2009 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (Nasdaq:TCAP - News) ("Triangle" or the "Company"), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced its financial results for the third quarter of 2009. Commenting on the quarter, Garland S. Tucker, III, President and CEO, stated, "After a relatively slow start to the year in terms of investment opportunities, we closed three new transactions totaling over $18 million in the third quarter. While we have been very pleased with the cost saving measures implemented by our portfolio companies, the current operating environment continues to be challenging. As we move into 2010, revenue growth will become a primary focus for most companies." Third Quarter 2009 Results Total investment income during the third quarter of 2009 was $7.1 million, compared to total investment income of $5.9 million for the third quarter of 2008, representing an increase of 20.9%. The Company's increase in investment income is primarily attributable to new portfolio investments made during 2008 and 2009 which resulted in an increase in total loan interest, fee, dividend and paid-in-kind interest income of approximately $1.1 million. Net investment income during the third quarter of 2009 was $3.7 million, compared to net investment income of $3.2 million for the third quarter of 2008, representing an increase of 15.8%...
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Triangle Capital Corporation Invests $5.5 Million in Technology Crops International

Triangle Capital Corporation Invests $5.5 Million in Technology Crops International - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-al...
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Triangle Capital grows 3Q income

ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | v...
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TRIANGLE CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh

Show all filings for TRIANGLE CAPITAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for TRIANGLE CAPITAL CORP 4-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...
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TRIANGLE CAPITAL CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion is designed to provide a better understanding of our unaudited consolidated financial statements, including a brief discussion of our business, key factors that impacted our performance and a summary of our operating results. The following discussion should be read in conjunction with the Unaudited Financial Statements and the notes thereto included in Item 1 of this Quarterly Report on Form 10-Q, and the Consolidated Financial Statements and notes thereto and Management's Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the year ended December 31, 2008. Historical results and percentage relationships among any amounts in the financial statements are not necessarily indicative of trends in operating results for any future periods. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 This Quarterly Report contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Some of the statements in this Quarterly Report constitute forward-looking statements because they relate to future events or our future performance or financial condition. Forward-looking statements may include, among other things, statements as to our future operating results, our business prospects and the prospects of our portfolio companies, the impact of the investments that we expect to make, the ability of our portfolio companies to achieve their objectives, our expected financings and investments, the adequacy of our cash resources and working capital, and the timing of cash flows, if any, from the operations of our portfolio ...
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New Star Analyst Rankings for Triangle Capital Corporation

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...
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