Triangle Capital’s net investment income falls 9 percent

Posted by David Ranii on May 7, 2014 

Raleigh investment firm Triangle Capital’s net investment income fell 9 percent to $13.8 million in the first quarter.

On a per-share basis, net investment income was 50 cents, down from 56 cents a year ago.

The company made six new investments totaling $63.7 million and another half-dozen investments totaling $13.8 million in companies that were already in its portfolio.

Triangle Capital makes loans to midsize, privately owned businesses that range between $5 million and $30 million; it also takes a minority ownership stake in its portfolio companies.

Triangle Capital released its first quarter results Wednesday after the markets closed. Earlier in the day its shares closed at $25.95, up 8 cents. Its shares have fallen six percent this year.

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