Trinity Capital Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Phoenix , april 10, 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 first quarter 2024 financial results before market open on wednesday, may 1, 2024. the company will discuss its financial results on a conference call that day at 9:00 a.m.

Financing provided by svb's national fintech practice and trinity capital inc. (nasdaq: trin) san francisco , april 9, 2024 /prnewswire/ -- silicon valley bank (svb) , a division of first citizens bank, along with lending partner trinity capital inc. ("trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, parafin . recently named to the  2024 fintech innovation 50 , parafin helps companies, such as marketplaces, vertical saas, and payment processors, launch and embed financial services for their sellers.

Phoenix , march 28, 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 adjustment to the conversion rate of its 6.00% convertible notes due 2025 (the "convertible notes") as a result of the company's cash dividend of $0.51 per share, payable on april 15, 2024 to stockholders of record as of march 28, 2024. the ex-dividend date for such dividend was march 27, 2024.

Phoenix , march 25, 2024 /prnewswire/ -- trinity capital inc. ("trinity") (nasdaq: trin), an internally managed business development company, today announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of 7.875% notes due 2029 (the "notes"). the notes will mature on march 30, 2029, and may be redeemed in whole or in part at any time or from time to time at the company's option on or after march 30, 2026.

13th consecutive quarter of a dividend increase phoenix , march 14, 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 on march 14, 2024, its board of directors declared a cash dividend of $0.51 per share with respect to the quarter ending march 31, 2024. this dividend represents an increase of 2.0% over the regular dividend declared in the prior quarter.

Trinity Capital is a fairly new BDC with an attractive yield and solid fundamentals to go along with it. The company has shown strong growth, beating analyst estimates and delivering record net investment income in their latest quarter. Trinity Capital is defensively positioned with a focus on first-lien, senior secured loans and an investment-grade balance sheet and well-laddered debt.

We take a look at the action in preferreds and baby bonds through the last week of March and highlight some of the key themes we are watching. Preferreds underperformed this week, primarily due to REITs, but the broader space still had a positive total return over March. New issuance tends to come in at higher yields to existing, providing an attractive opportunity for investors.

Two new ETDS achieved perfect CDx3 Compliance Scores. Athene priced an offering of $500 million of new 7.25% fixed-rate reset junior subordinated debentures.

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Trinity Capital Inc. experienced substantial portfolio growth in 2023 despite net realized losses. The BDC is well-positioned to profit from the latest inflation update, indicating that inflation is not receding. Trinity Capital has the potential to continue raising its dividend in 2023 and return excess portfolio income to shareholders.

Business development companies like Trinity Capital have benefited from the Fed's rising interest rate push.

Trinity Capital Inc. (NASDAQ:TRIN ) Q4 2023 Earnings Conference Call March 6, 2024 12:00 PM ET Company Participants Ben Malcolmson - Head of Investor Relations Kyle Brown - Chief Executive Officer Michael Testa - Chief Financial Officer Gerry Harder - Chief Operating Officer Conference Call Participants Vilas Abraham - UBS Christopher Nolan - Ladenburg Thalmann Paul Justin - KBW Bryce Rowe - B. Riley Casey Alexander - Compass Point Operator Good afternoon.

Trinity Capital (TRIN) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.57 per share a year ago.

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Trinity Capital is a BDC offering a high dividend yield of around 14% and is set to report its Q4 earnings on 29 February. The BDC sector is expected to face challenges in 2024 due to declining interest rates and credit quality concerns. Trinity Capital's portfolio has shown signs of deterioration in asset quality, but its management is expected to handle non-accruals effectively.