Trinity Capital Inc. (TRIN)
| Market Cap | 743.99M |
| Revenue (ttm) | 191.01M |
| Net Income (ttm) | 79.86M |
| Shares Out | 53.37M |
| EPS (ttm) | 1.69 |
| PE Ratio | 8.23 |
| Forward PE | 6.70 |
| Dividend | $2.04 (14.63%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 787,818 |
| Open | 13.90 |
| Previous Close | 13.90 |
| Day's Range | 13.82 - 13.97 |
| 52-Week Range | 13.21 - 15.44 |
| Beta | 0.62 |
| Analysts | Strong Buy |
| Price Target | 16.25 (+16.57%) |
| Earnings Date | Oct 30, 2024 |
About TRIN
Trinity Capital Inc. is a business development company. It is a venture capital firm specializing in growth capital, innovative medical devices, venture debt to growth stage companies looking for loans and/or equipment financing, generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equity-related investments. Trinity Capital Inc. was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for TRIN stock is "Strong Buy." The 12-month stock price forecast is $16.25, which is an increase of 16.57% from the latest price.
News
Trinity Capital: Is This 15% Yield Safe?
Trinity Capital offers a high 15% dividend yield, but investors should be cautious due to recent disappointments from other BDCs. The BDC's originations in Q3'24 grew due to high demand for new capita...
5 Stocks I'm Buying As I Reexamined My Sphere Of Competence
I emphasize refocusing on my core competency in real estate and diversifying through dividend ETFs, avoiding the overvalued S&P 500. Current S&P 500 valuations are historically high, suggesting poor f...
Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks
Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising divi...
Trinity Capital Inc. Provides $40 Million in Growth Capital to Beam Benefits
PHOENIX , Oct. 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitm...
Trinity Capital: Continuing To Deliver A High Yield To Investors
Trinity Capital offers a solid double-digit dividend yield, focusing on venture debt and equipment financing. TRIN's valuation looks more attractive than the last time we checked in on this BDC, sugge...
Trinity Capital Inc. Originates a Record $635 Million in the Third Quarter of 2024
Record $459 million of fundings in the third quarter of 2024 PHOENIX , Oct. 8, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified...
Trinity Capital Inc. Announces Time Change for its Third Quarter 2024 Conference Call
PHOENIX , Oct. 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announce...
2 BDCs That Recently Hiked Dividends But Should Not Do That Again
The short- to medium-term outlook for BDCs is challenging due to low M&A activity, high corporate distress, and yield compression from decreasing interest rates. To avoid income reduction risk, invest...
Trinity Capital Inc. Provides Details for Third Quarter 2024 Financial Results and Conference Call
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 announce...
Trinity Capital: 15% Yield With Room For Improvement
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 ...
Trinity Capital: Weaker Distribution Coverage (Rating Downgrade)
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...
A Hiker's Guide To Investing In Today's Market
Both major US presidential candidates are promoting fiscal irresponsibility and avoiding necessary reforms to entitlement programs, which are the primary drivers of future government spending growth. ...
BDC Weekly Review: Incentive Fee Structures Will Start To Matter Again
We take a look at the action in business development companies through the third week of September and highlight some of the key themes we are watching. BDCs were flat this week, with GAIN leading the...
Trinity Capital Inc. Increases its Credit Facility to $510 Million
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 announ...
Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Third Quarter of 2024
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...
Trinity Capital: Positioned Well For A Post-High Interest Rate Environment
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 maint...
5 Dividend Stocks And 1 ETF I'm Buying As The Energy Sector Slumps
Inflation drivers from 2021-2023 have run their course, leading to a return to the low inflation that characterized the economy prior to the pandemic. Energy stocks hedge well against REITs; I'm addin...
BDC Weekly Review: Common Shareholders Don't Always Have Claim To All Of NII
We take a look at the action in business development companies through the first week of September and highlight some of the key themes we are watching. BDCs were down around 1% this week, with lower ...
Trinity Capital Inc. Provides $30 Million in Growth Capital to Slingshot Aerospace
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 commit...
Trinity Capital Inc. Provides $20 Million in Growth Capital to Kymeta
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 commitm...
Trinity Capital Inc. Provides $50 Million in Growth Capital to LightForce
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 commitm...
Parafin Closes $93M Debt Facility with Jefferies and Trinity Capital Inc.
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 po...
Trinity Capital Inc. Commits $35 Million in Equipment Financing to ApiJect
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 commitm...
Trinity Capital: The 14.5% Yield Looks Sustainable In 2024
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 fin...
Trinity Capital: 14.3% Dividend Yield And Rising NAV (Rating Downgrade)
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 in...