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 , Jan. 23, 2024 /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 Brendan Carr as Director of Tech Lending, based in Boston. Bringing a wealth of experience from over a decade in the venture banking sphere, Mr.

Trinity Capital Inc. Further Expands East Coast Presence with Appointment of Brendan Carr as Director

Triplepoint Venture Growth BDC

Trinity Capital is well-positioned to offer healthy returns to shareholders in 2024 due to its diversified portfolio and high asset quality. TriplePoint's high accruals and declining portfolio value may hinder its performance. The private credit market is expected to rebound significantly in 2024, benefiting BDCs like Trinity Capital.

Trinity Capital's Outperformance Is Likely To Continue In 2024 Against TriplePoint And S&P 500 (Rating Downgrade)

Trinity Capital sets a record with $642 million of funded investments in 2023 PHOENIX, Jan. 8, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced certain highlights for the quarter and year ended December 31, 2023. Trinity originated $340.7 million of total new commitments in the fourth quarter, bringing total new commitments for the year ended December 31, 2023, to $830.7 million.

Trinity Capital Inc. Originates $831 Million in New Commitments in 2023

PHOENIX , Jan. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity," "Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that, as part of the Company's long-term succession plan, its Board of Directors has named Michael Testa as Chief Financial Officer ("CFO"), effective immediately. He succeeds David Lund, who will remain on the team as a consultant, focusing on strategic growth initiatives for the Company.

Trinity Capital Inc. Appoints Michael Testa as Chief Financial Officer

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Best BDCs Of 2023: Probably Not The Ones You Expected

Trinity Capital operates as a BDC and venture capital firm, focusing on providing venture debt to growth-stage companies. The company has a diversified portfolio, with a majority of its investments in the healthcare and pharma sectors. Trinity Capital has reported solid financials, with a strong return on average equity and an increase in net asset value. However, shares are currently trading at a premium to net asset value.

Trinity Capital: Waiting For The Premium To Come Down

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We take a look at the action in business development companies through the third week of December and highlight some of the key themes we are watching. BDCs had a good week with a total return of around 1.5%, but underperformed the broader income market due to a low duration profile. The presence of PIK loans in BDC portfolios may indicate increased risk, but it's important to analyze the specifics of the PIK population.

BDC Weekly Review: Is PIK A Cause For Concern?

Trinity Capital Inc. is a BDC focused on providing debt and equipment financing to growth stage companies. The portfolio consists mainly of term loans and equipment financings, with a very minimal skew towards the equity component. Plus, most of investments are based on floating rates. While Trinity Capital offers a high yield of 13% and it has a great portfolio structure, it carries significant risk due to its heavy exposure to small companies in a cash burn cycle.

Trinity Capital: When Taking Additional 2-3% Yield Compared To Peers Is Not Justified

PHOENIX , Dec. 21, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $30 million in growth capital to Cart.com, a provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere. Cart.com provides physical and digital infrastructure to unify operations across channels and empowers more than 6,000 multichannel merchants to sell and fulfill anywhere their customers are.

Trinity Capital Inc. Provides $30 Million Growth Capital to Cart.com

PHOENIX , Dec. 20, 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 expansion of its Phoenix headquarters, reaffirming Trinity's longstanding commitment to the region as it continues to scale its business. Trinity has doubled the total space leased at its corporate headquarters at 1 North 1st Street to 30,000 square feet by expanding to the fourth floor from its existing third-floor offices.

Trinity Capital Inc. Announces Phoenix Headquarters Expansion, Highlighting Company's Continued Growth and Success

Taysha Gene Therapies

PHOENIX , Dec. 19, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $40 million in term loans to Taysha Gene Therapies, Inc. (NASDAQ: TSHA) ("Taysha"), a clinical-stage gene therapy company, pursuant to a Loan and Security Agreement dated November 13, 2023, by and among Taysha, the lenders party thereto from time to time (the "Lenders"), and Trinity, as administrative agent and collateral agent for the Lenders. Taysha is focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the central nervous system ("CNS").

Trinity Capital Inc. Provides $40 Million Term Loan to Taysha Gene Therapies

PHOENIX , Dec. 18, 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 appointment of Ryan Kaeding as Managing Director, Life Sciences in San Diego, California. Mr. Kaeding, a veteran in the venture ecosystem, has been supporting venture capital-backed growth-stage companies for 20+ years.

Trinity Capital Inc. Continues Life Sciences Growth, Hires Industry Veteran Ryan Kaeding as Managing Director

PHOENIX , Dec. 14, 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 December 14, 2023, its Board of Directors declared a cash dividend of $0.50 per share with respect to the quarter ending December 31, 2023. This dividend represents an increase of 2.0% over the regular dividend declared in the prior quarter.

Trinity Capital Inc. Declares Cash Dividend of $0.50 per Share for the Fourth Quarter of 2023

PHOENIX , Dec. 5, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $45 million in growth capital to Neurolens, a company commercializing innovative solutions to optimize vision. Neurolens offers the only prescription lenses that use a contoured prism to treat headaches, neck and shoulder pain, and eyestrain caused by eye misalignment.

Trinity Capital Inc. Provides $45 Million Growth Capital to Neurolens

Trinity Capital Inc. is rated number 4 on Seeking Alpha's list of high-yield stocks. TRIN has delivered a short-term total return of 6.5% in approximately 9 weeks. TRIN has outperformed the BDC industry, the broad Financial sector, and the S&P by wide margins in 2023.

Trinity Capital: Top 4 High Dividend Stock, 15% Yield, Record Q3 Earnings

Trinity Capital's performance has been strong, with a base dividend increase and total returns boosted by supplementals. The BDC's fiscal 2023 third-quarter total investment income grew by 20% year-over-year, driven by a rise in its portfolio yield and a focus on lending to venture-backed companies. Trinity's leverage ratio has decreased and its NAV is growing, but the direction of supplementals will depend on inflation and the Fed.

Trinity Capital: 13.6% Yield, Healthy Financials, Still A Buy?

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Trinity Capital Inc. (NASDAQ:TRIN ) Q3 2023 Earnings Conference Call November 1, 2023 12:00 PM ET Company Participants Ben Malcolmson - Director of IR Steve Brown - Chairman and CEO Kyle Brown - President and CIO David Lund - CFO Michael Testa - CAO Gerry Harder - COO Ron Kundich - Chief Credit Officer Conference Call Participants Kyle Joseph - Jefferies Christopher Nolan - Ladenburg Thalmann Ryan Lynch - KBW Bryce Rowe - B. Riley Casey Alexander - Compass Point Operator Good afternoon.

Trinity Capital Inc. (TRIN) Q3 2023 Earnings Call Transcript

PHOENIX , Nov. 1, 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 September 30, 2023. Third Quarter 2023 Highlights Total investment income of $46.4 million, an increase of 20.0% year-over-year Net investment income ("NII") of $23.4 million, or $0.58 per basic share, an increase of 25.6% year-over-year Net increase in net assets resulting from operations of $16.8 million, or $0.42 per basic share 17.6% Return on Average Equity "ROAE" (NII/Average Equity) 8.0% Return on Average Assets "ROAA" (NII/Average Assets) An increase in Net Asset Value to $13.17 per share Aggregate debt and equity investment commitments of $228.3 million Total gross investments funded of $149.1 million, comprised of $81.2 million in five new portfolio companies, $65.9 million across 10 existing portfolio companies and $2.0 million into the joint venture (the "JV") Debt principal repayments of $176.7 million, including $101.1 million from early repayments and refinancings, $42.1 million from scheduled/amortizing repayments and $33.5 million of assets sold to the JV Declared an 11th consecutive regular dividend increase, with the third-quarter distribution coming in at $0.54 per share, consisting of a regular dividend of $0.49 per share, an increase of 2.1% from the regular dividend declared in the second quarter of 2023, and a supplemental cash dividend of $0.05 per share "We're very pleased with our overall third quarter performance and record NII," said Steve Brown, Chairman and Chief Executive Officer of Trinity Capital.

Trinity Capital Inc. Reports Third Quarter 2023 Financial Results

PHOENIX , Oct. 31, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Neuros Medical, Inc., a bioelectric technology company focused on alleviating chronic post-amputation pain and restoring quality of life. Neuros Medical's Altius System incorporates the company's patented platform technology, On-Demand Bioelectric Nerve Block, which patients initiate as needed for targeted pain relief.

Trinity Capital Inc. Provides $25 Million Growth Capital to Neuros Medical, Inc.

PHOENIX , Oct. 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 that members of the executive management team will be participating in the Jefferies 8th Annual BDC Summit on Wednesday, November 15, 2023 in New York. For additional information or to schedule a one-on-one meeting with management, please contact your Jefferies representative or ir@trincapinvestment.com.

Trinity Capital Inc. to Participate in the Jefferies 8th Annual BDC Summit

Trinity Capital (TRIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Trinity Capital (TRIN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Trinity Capital Inc. is a well-managed business development company that provides financial solutions to growth companies. The BDC has expertise in financing capital needs across industries and has a well-diversified investment portfolio. Trinity Capital offers a 14.1% dividend yield and is selling at a small premium to net asset value, making it an underrated choice for passive income investors.

Trinity Capital: This 14.1% Yielding BDC Is Underrated

Trinity Capital is a self-managed BDC that offers exposure to growth-stage companies backed by venture capital. The company's diversified portfolio, focus on floating-rate loans, and impressive dividend yield make it an attractive investment. TRIN appears to be undervalued and trades at a discount compared to its peers, all while paying a well-covered 14.5% yield.

Trinity Capital: A 14.5%-Yielding 'Higher-For-Longer' Buy

We take a look at the action in business development companies through the last week of September and highlight some of the key themes we are watching. BDCs eked out a small gain during the week and generated a total return of around 1.5% for September. We discuss the factors behind BDC resilience over the past year.

News for Trinity Capital Stock (TRIN)