BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Triangle Capital Corporation (“Triangle Capital” or the “Company”) (NYSE: TCAP) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 1st and 2nd, 2017, Triangle Capital announced its third quarter results, which included lower-than-projected net investment income of $0.36 per share, and “meaningful write-downs of certain debt investments.” The Company disclosed that it marked down Passport Food Group due to lower sales and an overall performance decline.
On this news, Triangle Capital’s stock price fell $2.57 per share, or nearly 21%, to close at $9.68 on November 2, 2017, thereby injuring investors.
If you purchased Triangle Capital securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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