Trinity Capital

Trinity Capital, Inc. engages in operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan and refinance existing venture debt. Trinity Capital was founded in January 2008 by Steven L. Brown and is headquartered in Phoenix, AZ.

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Trinity Capital reports strong Q4 results and explores growth opportunities

Trinity Capital's Q4 2022 performance showcased robust growth in assets and investment income, supported by a well-structured debt portfolio.
While facing challenges with increased leverage and anticipated early repayments, the company remains optimistic about future opportunities.
Exploring new structures, dividend increases, and strategic capital allocation highlight Trinity Capital's proactive approach to growth and income generation.

Trinity Capital reports strong Q1 earnings, navigates market challenges

Trinity Capital delivered a solid Q1 performance, marked by significant growth in investment income and a strategic dividend increase. While facing market challenges and operational complexities, the company remains focused on leveraging opportunities in the VC ecosystem and strengthening its financial position.

Trinity Capital reports robust Q2 growth and eyes venture opportunities

Trinity Capital's Q2 2023 earnings call highlighted strong financial performance, dividend growth, and a focus on strategic execution. With a solid debt portfolio, ample liquidity, and a commitment to maintaining credit quality, the company is well-positioned for future growth. Opportunities in venture capital investments and life sciences sector expansion signal a promising outlook for Trinity Capital.

Trinity Capital reports robust Q3 earnings, appoints new leadership

Trinity Capital's Q3 earnings call showcased strong financial performance, dividend growth, and leadership transition. The company's robust operational performance and stable portfolio position it well for future growth. Challenges in market dynamics and capital management require strategic focus, while opportunities in the macro environment offer avenues for expansion.

Trinity Capital reports record fundings and strong portfolio management

Trinity Capital delivered a strong performance in Q4 2023, with record fundings, increased AUM, and net investment income, supported by proactive portfolio management strategies.
Despite challenges like nonaccrual portfolio companies, Trinity's strengths in liquidity, capital management, and portfolio diversification offer resilience and growth potential.
Opportunities lie in the company's robust investment pipeline, tech lending expansion, and efficient capital deployment plans, positioning Trinity for continued success in a dynamic market.

Trinity Capital excels in Q1 with strong performance and growth strategies

Trinity Capital's Q1 2024 earnings call highlighted strong financial performance, stable credit quality, and strategic growth initiatives. The company's focus on credit underwriting, unique culture, and diversified business verticals position it for continued success. Challenges lie in managing leverage effectively and mitigating risks in debt funding amidst a competitive landscape.

Trinity Capital excels in Q2 2024, eyes growth opportunities

Trinity Capital's Q2 2024 performance reflects robust financial achievements, strategic expansion, and a commitment to maintaining credit quality and shareholder value.
The company's strengths lie in its diversified business lines, strong risk management practices, and proactive approach to driving growth through strategic partnerships.
While facing challenges in managing growth and regulatory considerations, Trinity has opportunities to capitalize on its strengths, explore new markets, and enhance shareholder returns.

Trinity Capital reports record Q3 earnings, eyes European expansion

Trinity Capital delivered strong financial performance in Q3 2024, with record net investment income and dividend consistency showcasing stability and growth.
The company's strategic initiatives, unique structure, and focus on credit quality position Trinity for sustainable expansion and shareholder value creation.
While facing challenges related to rapid growth and operational transparency, Trinity has opportunities to diversify, strengthen market position, and enhance investor relations.
Overall, Trinity's performance, strengths, and opportunities outweigh the challenges, indicating a positive outlook for continued growth and value creation.

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Trinity Capital, Inc. engages in the operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan, and refinance existing venture debt. The company was founded by Steven L. Brown in January 2008 and is headquartered in Phoenix, AZ.

PHOENIX , Aug. 2, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced its financial results for the quarter ended June 30, 2023. Second Quarter 2023 Highlights Total investment income of $46.0 million, an increase of 37.3% year-over-year Net investment income ("NII") of $22.1 million, or $0.61 per basic share, an increase of 40.8% year-over-year Net increase in net assets resulting from operations of $19.9 million, or $0.55 per basic share 18.4% Return on Average Equity "ROAE" (NII/Average Equity) 7.6% Return on Average Assets "ROAA" (NII/Average Assets) An increase of Net Asset Value to $13.15 per share Aggregate debt and equity investment commitments of $218.5 million Total gross investments funded of $154.9 million, comprised of $103.1 million in five new portfolio companies, $48.3 million across seven existing portfolio companies and $3.5 million into the recently formed joint venture (the "JV") Debt principal repayments of $103.5 million, including $13.7 million from early repayments, $31.0 million from scheduled/amortizing repayments and $58.8 million of assets sold to the JV Declared a 10th consecutive dividend increase, with the second-quarter distribution coming in at $0.53 per share, consisting of a regular dividend of $0.48 per share, an increase of 2.1% from the regular dividend declared in the first quarter of 2023, and a supplemental cash dividend of $0.05 per share "Our NII performance and portfolio strength this quarter demonstrate that Trinity's differentiated platform can excel in all cycles," said Steve Brown, Chairman and Chief Executive Officer of Trinity Capital.

Trinity Capital Inc. Reports Second Quarter 2023 Financial Results

This article discusses TRIN which I have started active coverage assessing the sustainability of the dividend, portfolio credit quality, and quality of management, used to set target prices. TRIN is internally managed with the potential for growing its regular dividend and NAV per share while paying meaningful amounts of supplemental dividends. My primary concerns include a higher expense ratio relative to the other internally-managed BDCs (new hires etc.), the amount of watch list investments, upcoming realized loss, NAV dilution from stock.

Trinity Capital: Initiating Coverage Of This 14% Yielding BDC

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BDC Weekly Review: Investors Don't Get The NAV Return

PHOENIX , July 11, 2023 /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 second quarter 2023 conference call at 9:00 a.m. PT (12:00 p.m.

Trinity Capital Inc. Announces Time Change for its Second Quarter 2023 Conference Call

Trinity Capital is a business development company that's focused on venture capital lending and equipment loans. Recently, Jefferies initiated coverage on TRIN with a Buy and a $15 price target. The shares rapidly shot higher, and that's where the opportunity to write covered calls comes in for the opportunity to double your dividend for the quarter essentially.

Trinity Capital: Chance To 'Double Your Dividend'

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A Dozen Income Picks Yielding 12% Or More

PHOENIX , July 6, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its second quarter 2023 financial results after market close on Thursday, August 3, 2023. The Company will discuss its financial results on a conference call that day at 2:00 p.m.

Trinity Capital Inc. Provides Details for Second Quarter 2023 Financial Results and Conference Call

Trinity Capital (TRIN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Trinity Capital (TRIN): Can Its 6.6% Jump Turn into More Strength?

Trinity last declared a quarterly dividend payout that forms a 14.5% annualized forward yield. The BDC held a spillover income of $1.64 per share to raise the prospects of a special year-end dividend. NAV per share declined by $0.08 during the first quarter due to restricted stock awards.

Trinity Capital: The 14.5% Yield Could Get Fatter

Trinity Capital upped its quarterly dividend for the ninth straight time in Q1. Its base yield is 14.06%, plus it paid a $0.05 supplemental, which brought the yield to ~15.50%. This article covers TRIN's earnings growth, debt leverage, portfolio health, performance and valuations vs. the BDC industry.

Trinity Capital: 15% Yield, 9 Straight Dividend Hikes

PHOENIX , June 29, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the strategic expansion of its origination team with the appointment of Andrew Ghannam as Managing Director of Tech Lending, based in New York. A seasoned executive, Mr.

Trinity Capital Inc. Expands East Coast Presence with Appointment of Andrew Ghannam as Managing Director

Appoints Igor DaCruz as Managing Director and Opens San Diego Office PHOENIX , June 26, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the continued expansion of its life sciences team with the appointment of Igor DaCruz as Managing Director, Life Sciences, and the opening of a new office in the San Diego area. "This expansion is part of Trinity's strategic vision to become a comprehensive solutions provider offering a wide range of financial products and services to growth-stage companies, and we believe that the life sciences industry holds immense potential for growth," said Kyle Brown, President and Chief Investment Officer of Trinity.

Trinity Capital Inc. Expands its Life Sciences Vertical

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PHOENIX , June 15, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that on June 14, 2023, its Board of Directors declared a cash dividend of $0.53 per share with respect to the quarter ending June 30, 2023, consisting of a regular quarterly dividend of $0.48 per share and a supplemental cash dividend of $0.05 per share. The dividend represents an increase of 2.1% over the regular dividend declared in the prior quarter.

Trinity Capital Inc. Declares Cash Dividend of $0.53 per Share for the Second Quarter of 2023, Including a Supplemental Cash Dividend of $0.05 per Share

PHOENIX , June 1, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $30 million in growth capital to support Revelle's efforts in developing aesthetic solutions that deliver meaningful results for women and reliable outcomes for practitioners. Revelle has gained recognition in the market with its FDA-cleared device, Avéli, which is indicated for long-term reduction in the appearance of cellulite as supported by clinical data demonstrating treatment benefits through one year of observation.

Trinity Capital Inc. Provides $30 Million Growth Capital to Revelle Aesthetics

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One Single New Preferred Stock IPO This Month

TRIN's latest quarter had some positives but also some negatives that offset the corresponding positives to create a sort of so-so quarter. NII per share and NAV per share declined, both quarter-over-quarter and year-over-year.

Trinity Capital: So-So First Quarter

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BDCs that specialize in financing venture capital and growth stage companies such as TRIN and HTGC stand to benefit from the failure of banks such as Silicon Valley Bank. Trinity Capital is especially attractive for long-term total returns while it trades at a discount to NAV and is growing the distribution with 9 consecutive raises to the quarterly dividend.

Trinity Capital: What Is Bad For Banks Is Good For (Some) BDCs

Trinity Capital, Inc. (NASDAQ:TRIN ) Q1 2023 Earnings Conference Call May 4, 2023 6:00 PM ET Company Participants Steve Brown - Chairman & CEO Kyle Brown - President & CIO David Lund - CFO Michael Testa - CAO Sarah Stanton - General Counsel Gerry Harder - COO Ron Kundich - CCO Conference Call Participants Casey Alexander - Compass Point Christopher Nolan - Ladenburg Thalmann Ryan Lynch - KBW Bryce Rowe - B. Riley Vilas Abraham - UBS Operator Good afternoon.

Trinity Capital, Inc. (TRIN) Q1 2023 Earnings Call Transcript

Trinity Capital (TRIN) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.54 per share a year ago.

Trinity Capital (TRIN) Q1 Earnings Miss Estimates

PHOENIX , May 4, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN and TRINL) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Total investment income of $41.5 million, an increase of 30.5% year-over-year Net investment income ("NII") of $19.3 million, or $0.55 per basic share, an increase of 23.7% year-over-year Net increase in net assets resulting from operations of $22.5 million, or $0.64 per basic share Aggregate debt and equity investment commitments of $43.2 million Total gross investments funded of $70.4 million, comprised of $5.0 million in one new portfolio company, $60.2 million across 11 existing portfolio companies, and $5.2 million into the recently formed joint venture (the "JV") 16.5% Return on Average Equity "ROAE" (NII/Average Equity) 6.8% Return on Average Assets "ROAA" (NII/Average Assets) Debt principal repayments of $82.8 million, including $13.1 million from early repayments and $42.1 million of assets sold to the JV Declared a dividend distribution of $0.47 per share for the first quarter of 2023, an increase of 2.2% from the regular dividend declared in the fourth quarter of 2022 "Our performance in the first quarter generated record NII results, providing 117% coverage on our regular dividend," said Steven Brown, Chairman and Chief Executive Officer of Trinity Capital.

Trinity Capital Inc. Reports First Quarter 2023 Financial Results

PHOENIX , April 24, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN, TRINL), a leading provider of diversified financial solutions to growth-stage companies, today announced a $40 million facility to support the growth of Convergent Dental, Inc., the power behind Solea®, the world's first computer-aided all-tissue CO2 dental laser. $20 million was drawn under the facility, and Convergent Dental has the option to draw an additional $20 million, subject to the conditions under the agreement.

Trinity Capital Inc. Provides $40 Million Growth Capital to Convergent Dental, Inc.

PHOENIX , April 20, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN, TRINL) ("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 first quarter 2023 conference call at 3:00 p.m. PT (6:00 p.m.

Trinity Capital Inc. Announces Time Change for its First Quarter 2023 Conference Call

PHOENIX , April 6, 2023 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN, TRINL) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its first quarter 2023 financial results after market close on Thursday, May 4, 2023. The Company will discuss its financial results on a conference call that day at 2:00 p.m.

News for Trinity Capital Stock (TRIN)