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 , Sept. 6, 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 as part of the Company's long-term succession plan, its Board of Directors has named Kyle Brown as Chief Executive Officer, effective January 1, 2024.

Trinity Capital Inc. Announces CEO Transition: Steve Brown to Assume Role of Executive Chairman, Kyle Brown Named CEO, Effective January 2024

MidCap Financial Investment Corp

We take a look at the action in business development companies through the fourth week of August and highlight some of the key themes we are watching. BDCs were down slightly on the week as valuations came off the historic average level. We take a look at good and bad reasons for upgrading BDC ratings.

BDC Weekly Review: Good And Bad Reasons For Rating Upgrades

Centerspace REIT

Invitation Homes

Magellan Midstream Partners

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Runway Growth Finance Corp

Amid a dreary September, investors must buy stocks such as Centerspace (CSR), Magellan Midstream Partners (MMP), Invitation Home (INVH), Trinity Capital (TRIN) and Runway Growth Finance (RWAY) for a steady income.

After a Sour August, Expect a Weak September: 5 Safe Picks

WhiteHorse Finance

We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. BDCs had another down week as sentiment remained risk-off across broader markets. BDC dividend coverage remains very high - will it come back down towards 100%?

BDC Weekly Review: Will Dividend Coverage Ever Fall Back To Earth?

Crescent Capital BDC Inc

Golub Capital BDC

Getty Realty

With things looking murkier this August, invest in stocks like Getty Realty (GTY), Trinity Capital (TRIN), Crescent Capital (CCAP), Golub Capital (GBDC) and Runway Growth Finance (RWAY) for a steady income.

5 Ultra-Safe Stocks to Counter a Choppy Wall Street

NOVI, Mich.--(BUSINESS WIRE)-- #SoftVue--Delphinus Medical Technologies, the pioneers of dense breast medical imaging, announced today that it raised $12 million in growth capital from Trinity Capital Inc. (NASDAQ: TRIN), a leading provider of diversified financial solutions to growth-stage companies. Delphinus' transformational SoftVue™ 3D Whole Breast Tomography System was approved by the U.S. Food & Drug Administration (FDA) in October 2021 as an adjunct to digital mammography in the screening of a.

Delphinus Medical Technologies Raises $12 Million as Footprint Continues to Expand

PHOENIX , Aug. 22, 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 $12 million in growth capital to Delphinus Medical Technologies, Inc. ("Delphinus"), a medical imaging company that has developed SoftVue™, a dense breast screening innovation that increases cancer detection and decreases unnecessary call backs, while delivering a comfortable patient experience. The SoftVue™ 3D Whole Breast Ultrasound Tomography System was approved by the U.S. Food & Drug Administration (FDA) in October 2021.

Trinity Capital Inc. Provides $12 Million Growth Capital to Delphinus Medical Technologies, Inc.

Blackstone Secured Lending Fund

We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs were down slightly this week as the market paused to take stock of conflicting inflation data. BDC Q2 earnings are coming in as very strong so far.

BDC Weekly Review: Q2 Earnings Coming In Strong

PHOENIX , Aug. 15, 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 $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production. MacroFab oversees an impressive network of more than 100 factories throughout North America.

Trinity Capital Inc. Provides $20 Million Growth Capital to MacroFab

Trinity Capital recently hiked its quarterly cash dividend by 2.1% and currently yields 13.6%. This distribution was 127% covered by net investment income from its fiscal 2023 second-quarter earnings. NAV per share grew by 8 cents sequentially over the first quarter, reversing 5 consecutive quarters of decline.

Trinity Capital: Buy The Dip, It Yields 13.6%

PHOENIX , Aug. 3, 2023 /PRNewswire/ -- Trinity Capital Inc. ("Trinity") (NASDAQ: TRIN, TRINL), an internally managed business development company, today announced that it has priced an underwritten public offering of $75.0 million of shares of its common stock at a public offering price of $14.45 per share. In connection with the proposed offering, Trinity has granted the underwriters a 30-day option to purchase up to 778,546 additional shares of its common stock.

Trinity Capital Inc. Announces Pricing of $75.0 Million of Shares of Common Stock

PHOENIX , Aug. 3, 2023 /PRNewswire/ -- Trinity Capital Inc. ("Trinity") (NASDAQ: TRIN, TRINL), an internally managed business development company, today announced that it has commenced an underwritten public offering of $75.0 million of shares of its common stock. In connection with the proposed offering, Trinity intends to grant the underwriters a 30-day option to purchase additional shares of its common stock.

Trinity Capital Inc. Announces Offering of $75.0 Million of Shares of Common Stock

Trinity Capital Inc. (NASDAQ:TRIN ) Q2 2023 Earnings Conference Call August 2, 2023 12:00 PM ET Company Participants Ben Malcolmson – Director of Investor Relations Steve Brown – Chairman and Chief Executive Officer Kyle Brown – President and Chief Investment Officer David Lund – Chief Financial Officer Michael Testa – Chief Accounting Officer Jerry Harder – Chief Operating Officer Ron Kundich – Chief Credit Officer Conference Call Participants Finian O'Shea – Wells Fargo Securities Bryce Rowe – B. Riley Christopher Nolan – Ladenburg Thalmann Casey Alexander – Compass Point Ryan Lynch – KBW Kyle Joseph – Jefferies Vilas Abraham – UBS Operator Good afternoon.

Trinity Capital Inc. (TRIN) Q2 2023 Earnings Call Transcript

Trinity Capital (TRIN) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.48 per share a year ago.

Trinity Capital (TRIN) Beats Q2 Earnings and Revenue Estimates

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

Horizon Technology Finance

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Barings Corporate Investors

We take a look at the action in business development companies through the second week of July and highlight some of the key themes we are watching. BDCs had another strong week, extending the year-to-date rally to double-digit figures. BDC investors often forget that they are not entitled to a given company's total NAV returns and need to take the valuation into account.

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'

AGNC Investment

Ellington Financial

FS KKR Capital Corp

Guggenheim Strategic Opportunities Fund

Cushing MLP & Infrastructure Total Return Fund

I recommend several high-yield income-oriented investments, including business development companies (BDCs), real estate investment trusts (REITs), and a closed-end fund (CEF) that holds midstream assets or master limited partnerships (MLPs). Regulated investment companies (RICs) offer high-yield distributions due to tax laws that regulate them and require them to distribute at least 90% of net income to shareholders. I provide specific recommendations for BDCs, REITs, and CEFs, including Trinity Capital, FS KKR Capital, Cion Investment Corp., and others that yield 12% or more annually.

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.

News for Trinity Capital Stock (TRIN)