Trinity CapitalTRIN
TRIN
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: 86
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
613% more call options, than puts
Call options by funds: $3.33M | Put options by funds: $467K
225% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 8
150% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 18
18% more funds holding
Funds holding: 85 [Q2] → 100 (+15) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0% less capital invested
Capital invested by funds: $169M [Q2] → $168M (-$480K) [Q3]
0.86% less ownership
Funds ownership: 24.09% [Q2] → 23.23% (-0.86%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$13
10%
downside
Avg. target
$13
10%
downside
High target
$13
10%
downside
1 analyst rating
0 positive
0%
0 neutral
0%
1 negative
100%
Wells Fargo Finian O'Shea 62% 1-year accuracy 16 / 26 met price target | 10%downside $13 | Underweight Downgraded | 2 Dec 2024 |
Financial journalist opinion
Based on 7 articles about TRIN published over the past 30 days
Positive
Seeking Alpha
1 week ago
Trinity Capital: Record Earnings, Big Yield
Trinity Capital is an internally managed BDC specializing in venture debt, with a diversified portfolio and significant floating rate debt investments. Despite lower interest rates, TRIN achieved record net investment income and total investment income in Q3 '24, showcasing resilience and growth. TRIN's valuation shows a 12.7% premium to NAV/share, with a strong dividend yield of 13.92% and consistent insider buying.
Positive
Seeking Alpha
1 week ago
8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towards immediate income.
Positive
Seeking Alpha
1 week ago
Trinity Capital: An Improvement In Portfolio Quality (Ratings Upgrade)
Trinity Capital offers a nearly 14% dividend yield, supported by solid fundamentals and improving portfolio risk quality, with a recent increase in top-performing investments. The dividend is well-covered by net investment income, with minimal reliance on payment-in-kind income, ensuring strong cash income coverage. Despite declining interest rates, Trinity Capital has seen strong NII growth, with management optimistic about lending pipeline demand offsetting rate declines.
Positive
24/7 Wall Street
2 weeks ago
Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks
Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.
Neutral
PRNewsWire
3 weeks ago
Trinity Capital Inc. Provides $50 Million in Equipment Financing to Form Energy
PHOENIX , Dec. 16, 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 equipment financing to Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems. Form Energy aims to reform the global electricity system through the development of innovative, low-cost multi-day energy storage solutions.
Neutral
PRNewsWire
3 weeks ago
Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Fourth Quarter of 2024
20th Consecutive Quarter of a Consistent or Increased Dividend PHOENIX , Dec. 12, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced that its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending December 31, 2024. This is an equivalent dividend compared to the third quarter of 2024 and marks the 20th consecutive quarter of a consistent or increased dividend for Trinity shareholders.
Neutral
PRNewsWire
4 weeks ago
Trinity Capital Inc. Increases its Credit Facility to $600 Million
PHOENIX , Dec. 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced an increase to $600 million of total commitments under its credit facility led by KeyBank N.A. The credit facility was expanded under the existing accordion feature by $90 million, bringing total commitments from $510 million to $600 million.
Positive
MarketBeat
1 month ago
Trinity Capital CEO on Leading Private Credit's High-Yield Growth
The appeal of private credit has been growing considerably among investors and institutions who seek alternative income streams. With traditional bank lending remaining subdued and companies increasingly opting to stay private longer, the private credit market offers potentially lucrative opportunities.
Neutral
PRNewsWire
1 month ago
Trinity Capital Inc. Provides $20 Million in Growth Capital to Steno
PHOENIX , Dec. 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 Steno, a tech-enabled provider of legal support and court reporting services. Steno provides tech-based tools and solutions meant to streamline the litigation process, including court-reporting services, remote deposition software, deferred payment options, and custom legal technology.
Neutral
Seeking Alpha
1 month ago
Trinity Capital: An Asset Manager In BDC Clothing
Trinity Capital CEO Kyle Brown explains how they're an asset manager in BDC clothing. Why dividend stability and growth, NAV stability and growth, EPS, and ROE are the metrics most focused on.
Charts implemented using Lightweight Charts™