|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.78 - 11.93|
|52 Week Range||2.00 - 14.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||1.20 (10.17%)|
|1y Target Est||12.79|
The Triangle Capital Corporation name may be gone, but the new Barings BDC is “committed to staying in Raleigh.”
Raleigh’s Triangle Capital Corporation has closed on the sale of its investment portfolio to an affiliate of New York-based Benefit Street Partners.
Triangle Capital Corporation (TCAP) (“Triangle” or the “Company”) announced today the completion of its previously announced asset sale transaction with BSP Asset Acquisition I, LLC (“BSP”), an affiliate of Benefit Street Partners L.L.C. (the “Asset Sale”).
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Financials sector is rising.
Eight months after a contentious earnings call and an announcement that “strategic initiatives” would be pursued for one of Raleigh’s top regarded financial firms, Triangle Capital Corporation is nearly no more – at least when it comes to its name.
Triangle Capital Corporation (TCAP) (“Triangle” or the “Company”) announced today that the preliminary record date and the preliminary payment date for the $85 million, or approximately $1.78 per share, subject to adjustment, stockholder cash payment (the “Stockholder Payment”) from Barings LLC (“Barings”) to the Company’s stockholders are August 2, 2018 (the “Preliminary Record Date”) and August 3, 2018 (the “Preliminary Payment Date”), respectively. The Preliminary Record Date and the Preliminary Payment Date are contingent on the closing of the transactions described in the Company’s definitive proxy statement on Schedule 14A that was filed with the SEC on June 1, 2018 (the “Proxy Statement”), including receipt of the necessary Company stockholder approvals and the satisfaction of other closing conditions, and are subject to change.
As Triangle Capital Corporation’s deals inch closer toward a vote, another shareholder has filed a lawsuit against the Raleigh investment company in federal court.
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NEW YORK, June 21, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of JBG ...
The purpose of the SEC filing by Triangle was to announce a special shareholder meeting for late July at which the Raleigh, N.C.-based company will seek approval to sell its investment portfolio for $981.2 million to $24 billion-asset debt investor Benefit Street Partners LLC. Benefit’s partners include private-equity firm Providence Equity Partners LLC. The filing about the special shareholder meeting lists Triangle’s investments, including the ones that have lost value. As of March 31, the non-accrual assets in Triangle’s portfolio were valued at a total of $16.9 million.
NEW YORK , June 4, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
Triangle Capital Corporation (TCAP) (“Triangle” or the “Company”) announced today the scheduling of a special meeting of its stockholders to be held on July 24, 2018 (the “Special Meeting”) to seek approval of the sale of substantially all of the Company’s portfolio investments to an affiliate of Benefit Street Partners L.L.C. (“BSP”) pursuant to an asset purchase agreement and approval of certain transactions contemplated by a stock purchase and transaction agreement with Barings LLC (“Barings”), through which Barings will become the external investment adviser to the Company. The Company also announced that it filed the definitive proxy statement on Schedule 14A relating to the Special Meeting with the SEC on June 1, 2018 (the “Proxy Statement”).
Litigation over shareholder losses at Triangle Capital Corporation could outlast the company, new court filings show.
On a per-share basis, the Raleigh, North Carolina-based company said it had net income of 30 cents. Earnings, adjusted for investment gains, were 27 cents per share. The results met Wall Street expectations. ...
Once Raleigh-based Triangle Capital Corporation’s transactions close, it will operate under the Barings BDC Inc. name, according to a securities disclosure filed late Wednesday.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 5. Index (PMI) data, output in the Financials sector is rising.
Barings, the Charlotte investment firm that will soon take over Triangle Capital Corporation's investment activities, isn’t commenting on whether the firm will have a continued presence in Raleigh following the deal.
Securities filings disclosed by Triangle Capital Corporation late Monday make it official: Once the Barings deal closes, both the Raleigh firm’s management team and its directors are resigning.
The selloffs and share buys that Raleigh-based Triangle Capital Corporation announced early Wednesday, which have already been unanimously approved by its board of directors, mean major changes to the homegrown investment manager.