Trinity Capital
TRIN
Market cap $741M

13.89 USD

-0.05

0.36%

Updated Oct 22, 10:49 AM EDT

1 day

-0.36%

5 days

-0.43%

1 month

-1.84%

3 months

-2.18%

6 months

-5.45%

Year to date

-4.40%

1 year

4.04%

5 years

-7.40%

About: Trinity Capital Inc is a closed-end, non-diversified management investment company. The company is engaged in providing debt, including loans and equipment financings, to growth-stage companies, including venture-backed companies and companies with institutional equity investors. Its equipment financings involve loans for general or specific use, including acquiring equipment, secured by the equipment or other assets of the portfolio company.

Employees: 83

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

624% more call options, than puts

Call options by funds: $4.61M | Put options by funds: $637K

181% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 16

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

4% less capital invested

Capital invested by funds: $167M [Q1] → $161M (-$6.56M) [Q2]

1.58% less ownership

Funds ownership: 24.53% [Q1] → 22.96% (-1.58%) [Q2]

4% less funds holding

Funds holding: 89 [Q1] → 85 (-4) [Q2]

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

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Research analyst outlook

We haven’t received any recent analyst ratings for TRIN.

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Financial journalist opinion

Based on 13 articles about TRIN published over the past 30 days

Trinity Capital: Is This 15% Yield Safe?

Trinity Capital offers a high 15% dividend yield, but investors should be cautious due to recent disappointments from other BDCs. The BDC's originations in Q3'24 grew due to high demand for new capital in the technology sector. Despite a current dividend coverage ratio of 1.04X, Trinity Capital's net investment income and coverage ratio have declined over the last four quarters.

Trinity Capital: Is This 15% Yield Safe?

5 Stocks I'm Buying As I Reexamined My Sphere Of Competence

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5 Stocks I'm Buying As I Reexamined My Sphere Of Competence

Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks

Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising dividend stocks, using a contrarian investing strategy, primarily for new buyers seeking high-yield opportunities. Reader feedback is crucial for correcting errors and refining strategies, including suggestions for buy-and-hold stocks and option strategies for monthly dividends.

Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks

Trinity Capital Inc. Provides $40 Million in Growth Capital to Beam Benefits

PHOENIX , Oct. 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $40 million in growth capital to Beam Benefits ("Beam"), a digitally native employee benefits company. Founded in 2012, Beam began by modernizing dental benefits.

Trinity Capital Inc. Provides $40 Million in Growth Capital to Beam Benefits

Trinity Capital: Continuing To Deliver A High Yield To Investors

Trinity Capital offers a solid double-digit dividend yield, focusing on venture debt and equipment financing. TRIN's valuation looks more attractive than the last time we checked in on this BDC, suggesting a better value for adventurous investors to take a position. Internally managed BDCs like TRIN often trade at higher premiums; comparisons to peers like MAIN and HTGC highlight TRIN's potential for some expansion there.

Trinity Capital: Continuing To Deliver A High Yield To Investors

Trinity Capital Inc. Originates a Record $635 Million in the Third Quarter of 2024

Record $459 million of fundings in the third quarter of 2024 PHOENIX , Oct. 8, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced a portfolio update for the third quarter of 2024. Trinity originated a record $635 million of investments in the third quarter of 2024, bringing total new commitments for the first three quarters of 2024 to $1.2 billion.

Trinity Capital Inc. Originates a Record $635 Million in the Third Quarter of 2024

Trinity Capital Inc. Announces Time Change for its Third Quarter 2024 Conference Call

PHOENIX , Oct. 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that the Company will now be hosting its third quarter 2024 conference call at 8:00 a.m. PT (11:00 a.m.

Trinity Capital Inc. Announces Time Change for its Third Quarter 2024 Conference Call

2 BDCs That Recently Hiked Dividends But Should Not Do That Again

The short- to medium-term outlook for BDCs is challenging due to low M&A activity, high corporate distress, and yield compression from decreasing interest rates. To avoid income reduction risk, investors should focus on very high-quality BDCs. In this respect, one might think that those BDCs that have recently hiked their dividends are the ones with more sustainable cash distribution profiles.

2 BDCs That Recently Hiked Dividends But Should Not Do That Again

Trinity Capital Inc. Provides Details for Third Quarter 2024 Financial Results and Conference Call

PHOENIX , Oct. 2, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its third quarter 2024 financial results before market open on Wednesday, October 30, 2024. The Company will discuss its financial results on a conference call later that day at 9:00 a.m.

Trinity Capital Inc. Provides Details for Third Quarter 2024 Financial Results and Conference Call

Trinity Capital: 15% Yield With Room For Improvement

Trinity Capital offers a 14.7% yield, supported by a diversified portfolio and favorable floating-rate debt profile, making it attractive for income-focused investors. Despite robust portfolio growth and solid returns on equity and assets, TRIN faces challenges like elevated non-accruals, higher operating expenses, and stagnant NII per share growth. TRIN's valuation at 1.06x Price-to-NAV is lower compared to internally-managed peers, reflecting its risks with potential for improved efficiencies and growth down the line.

Trinity Capital: 15% Yield With Room For Improvement

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