This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Triangle Capital Corporation Reports Fourth Quarter And Full Year 2012 Results

Net investment income for 2012 was $57.7 million, compared to net investment income of $40.5 million during 2011, representing an increase of 42.4%. Net investment income per share during 2012 was $2.16, based on a weighted average share count of 26.7 million, compared to $2.07 per share during 2011, based on a weighted average share count of 19.6 million.

For the year ended December 31, 2012, Triangle recorded net unrealized depreciation of investments, net of income taxes, in the amount of $2.9 million and a net realized gain on investments of $6.7 million, for a total net gain on investments of $3.8 million. For the year ended December 31, 2011, Triangle recorded net unrealized appreciation of investments, net of income taxes, in the amount of $6.4 million and a net realized gain on investments of $11.0 million, for a total net gain on investments of $17.3 million. As a result of these events, the Company's net increase in net assets resulting from operations during the year ended December 31, 2012, was $60.1 million as compared to $56.8 million for the year ended December 31, 2011. The Company's net increase in net assets resulting from operations was $2.25 per share during 2012, based on the Company's weighted average shares outstanding of 26.7 million, compared to $2.90 per share in 2011, based on the Company's weighted average shares outstanding of 19.6 million.

The Company's net asset value per share at December 31, 2012, was $15.30, based on total shares outstanding at December 31, 2012, of 27.3 million, as compared to the Company's net asset value per share at December 31, 2011, of $14.68, based on total shares outstanding at December 31, 2011, of 22.8 million. As of December 31, 2012, the Company's weighted average yield on all of its outstanding debt investments (other than non-accrual debt investments) was 14.6%, compared to 15.0% at December 31, 2011.

3 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,689.13 -40.98 -0.23%
S&P 500 2,069.60 -7.18 -0.35%
NASDAQ 4,994.5450 -14.6690 -0.29%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs