Why Triangle Capital Corporation Stock Dropped Today
Shares of Triangle Capital Corporation (NYSE: TCAP) are down by more than 11.6% as of 2:04 p.m. EDT after the company reported disappointing second-quarter earnings stemming from poor credit selection.
Triangle Capital makes its money by making debt and equity investments in small businesses located across the United States. Increasingly, its investments are taking a turn for the worse, dragging down operating income and book value on a per-share basis.
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Source: Fool.com
