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 , 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 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

I am downgrading Trinity Capital (TRIN) to a hold due to concerns about dividend sustainability amid anticipated declines in net investment income from interest rate cuts. TRIN's diversified portfolio and solid credit facility position it well for new investment opportunities. Lower rates can increase the volume of new deals in the market. Despite positive Q2 earnings and strong liquidity, TRIN's modest dividend coverage and lack of NAV growth raise caution about future performance.

Trinity Capital: Weaker Distribution Coverage (Rating Downgrade)

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BDC Weekly Review: Incentive Fee Structures Will Start To Matter Again

PHOENIX , Sept. 19, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced an increase to $510 million of total commitments under its credit facility led by KeyBank N.A.

Trinity Capital Inc. Increases its Credit Facility to $510 Million

19th Consecutive Quarter of a Consistent or Increased Dividend PHOENIX , Sept. 18, 2024 /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 its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending September 30, 2024.

Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Third Quarter of 2024

Trinity Capital Inc. has shown strong performance with a 21% increase in net investment income year-over-year, despite a slight decline in quarterly NII. The Trinity business development company maintains a robust liquidity position and a robust investment pipeline, positioning it well for future growth. Lower interest rates may impact financials, but increased investment activity and a strong balance sheet should offset some headwinds.

Trinity Capital: Positioned Well For A Post-High Interest Rate Environment

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BDC Weekly Review: Common Shareholders Don't Always Have Claim To All Of NII

PHOENIX , Sept. 12, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $30 million in growth capital to Slingshot Aer o s pace ("Slingshot"), a leader in AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation.

Trinity Capital Inc. Provides $30 Million in Growth Capital to Slingshot Aerospace

Investors need to pay close attention to Trinity Capital (TRIN) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Trinity Capital (TRIN) Stock?

PHOENIX , Sept. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $20 million in growth capital to Kymeta, a leading flat-panel satellite antenna company.

Trinity Capital Inc. Provides $20 Million in Growth Capital to Kymeta

PHOENIX , Sept. 4, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $50 million in growth capital to LightForce, makers of the world's first fully personalized 3D printed braces system.

Trinity Capital Inc. Provides $50 Million in Growth Capital to LightForce

SAN FRANCISCO--(BUSINESS WIRE)--Parafin, a leading innovator in embedded finance, announced today that it closed a $93M debt facility with Jeffries and Trinity Capital Inc. Their investment has the potential to increase to $187M. The substantial funding from Jefferies and Trinity, both known for their strategic investments in pioneering technologies, will support Parafin's ability to offer capital to small businesses. Earlier this year, Parafin secured $125 million from Silicon Valley Bank and.

Parafin Closes $93M Debt Facility with Jefferies and Trinity Capital Inc.

PHOENIX , Aug. 27, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $35 million in equipment financing to ApiJect Systems, Corp ("ApiJect"), a public-benefit medical technology company focused on prefilled, single-dose injection devices. Based in Stamford, CT, ApiJect works with pharmaceutical companies to design rapidly scalable, cost-efficient drug delivery systems, and then assists in manufacturing those devices.

Trinity Capital Inc. Commits $35 Million in Equipment Financing to ApiJect

Trinity Capital covered its $0.51 per share dividend with net investment income in 2Q24, showing strong financial health and dividend sustainability. The BDC's focus on secured loans and equipment financing, with only 70% floating-rate loans, positions it well for growth in a lower-rate environment. Trinity Capital's net asset value increased by 1.9% QoQ, and the company has a history of substantial dividend growth, making it attractive for passive income investors.

Trinity Capital: The 14.5% Yield Looks Sustainable In 2024

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Trinity Capital reported a NAV of $14.24 per share for its fiscal 2024 second quarter, a 24 cents per share increase from the first quarter. TRIN's management has maintained NAV gains while growing investment income, beating consensus estimates by $1.77 million during the second quarter. TRIN's dividend yield is 14.3%, with NII covering the dividend by 104%.

Trinity Capital: 14.3% Dividend Yield And Rising NAV (Rating Downgrade)

Trinity Capital is a VC-focused BDC with a higher risk profile than for the average BDC. For this reason, I have been relatively bearish on this BDC since December last year. While TRIN has performed almost in line with the overall BDC market and the Q2, 2024 financials indicate several areas of strength, it is still not sufficient for me to change. In this article, I assess the Q2, 2024 earnings report and provide reasons why I remain skeptical.

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Trinity Capital (TRIN) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.58 per share a year ago.

Trinity Capital (TRIN) Lags Q2 Earnings Estimates

Platform AUM grows to $1.7 billion, a 36% increase year-over-year NII hits a record of $26.7 million, or $0.53 per share Return on average equity climbs to 16.3% PHOENIX , Aug. 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Record total investment income of $54.6 million, an increase of 18.7% year-over-year Record net investment income ("NII") of $26.7 million, or $0.53 per basic share Net increase in net assets resulting from operations of $30.8 million, or $0.61 per basic share 16.3% Return on Average Equity "ROAE" (NII/Average Equity) 7.4% Return on Average Assets "ROAA" (NII/Average Assets) Net Asset Value of $680.0 million, or $13.12 per share at the end of Q2 Total gross investment commitments of $289.3 million Total gross investments funded of $230.6 million, comprised of $133.6 million in 10 new portfolio companies, $90.2 million across 18 existing portfolio companies and $6.8 million in the multi-sector holdings Total investment exits and repayments of $180.3 million, including $39.6 million from early debt repayments, $22.0 million from investment sales, $50.0 million from scheduled/amortizing debt repayments and $68.7 million of assets sold to the multi-sector holdings Total platform Assets Under Management increased to a total of $1.7 billion, up 36% year over year 18th consecutive quarter of a consistent or increased regular dividend, with a second quarter distribution of $0.51 per share "Trinity delivered another excellent quarter highlighted by record net investment income for our shareholders," said Kyle Brown, Chief Executive Officer of Trinity.

Trinity Capital Inc. Reports Second Quarter 2024 Financial Results

Credit facility can accordion to $690 million Maturity Date Extended to July 2029 PHOENIX , Aug. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital," "Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it has amended its credit facility led by KeyBank N.A. ("KeyBank").

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