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Trinity Capital Inc. - TRIN STOCK NEWS

Welcome to our dedicated page for Trinity Capital news (Ticker: TRIN), a resource for investors and traders seeking the latest updates and insights on Trinity Capital stock.

Trinity Capital Inc. (NASDAQ: TRIN), a premier specialty lending company, provides diversified financial solutions to growth-stage businesses, particularly venture-backed firms and those with institutional equity investors. Since its inception in 2008, Trinity has established itself as a preferred partner for venture loans and equipment leases, working closely with leading venture capital firms to support companies across various industries, including software, healthcare, clean technology, and more.

Trinity's core business revolves around offering debt, including loans and equipment financing, aimed at fueling the growth and extending the runway of high-potential startups. The company's equipment financings involve loans for both general and specific use, secured by either the equipment itself or other assets of the portfolio company.

Trinity's recent achievements include the successful issuance of $100 million in aggregate principal amount of 7.875% notes due 2029, showcasing its robust financial health and ability to attract investor confidence. The company has also adjusted the conversion rate of its 6.00% Convertible Notes due 2025, reflecting its commitment to providing value to its investors through regular dividends and strategic financial maneuvers.

In addition to its strong financial performance, Trinity has expanded its reach globally, establishing a European team led by seasoned industry expert Craig Fox. This strategic expansion aligns with Trinity's long-term vision to support high-growth companies on a global scale, capitalizing on the vibrant tech landscape and venture capital activities in Europe.

Trinity's notable partnerships include a $125 million warehouse facility provided in collaboration with Silicon Valley Bank to fintech infrastructure startup Parafin. This partnership exemplifies Trinity's role in empowering innovative companies with flexible capital solutions, enabling them to scale their operations effectively.

The company's financial results for the first quarter of 2024 highlight its strong operational performance, with total investment income reaching $50.5 million, a significant increase from the previous year. Trinity continues to demonstrate resilience and adaptability, maintaining a diverse portfolio with an aggregate fair value of approximately $1.4 billion and a focus on first lien loans secured by high-quality assets.

For more information about Trinity Capital Inc., please visit their website at www.trinitycap.com.

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On March 14, 2023, Trinity Capital (Nasdaq: TRIN) announced a cash dividend of $0.47 per share for Q1 2023, marking a 2.2% increase from the previous quarter. The company has grown to provide over $2.4 billion in funding to growth-stage firms over 15 years. Trinity has approximately $60.4 million in undistributed earnings, or $1.73 per share, and aims to distribute around 90-100% of taxable income to maintain tax status as a regulated investment company. Key dates include the record date of March 31, 2023, and the payment date of April 14, 2023.

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Trinity Capital reported strong financial performance for Q4 and FY 2022. Total investment income increased by 75.8% YoY to $41.5 million in Q4, and net investment income rose 103.8% YoY to $21.6 million, or $0.62 per share. The company declared a dividend of $0.61 per share, supported by a 135% coverage ratio from NII. Despite a decrease in net asset value (NAV) to $13.15, Trinity maintained a robust investment portfolio valued at $1.09 billion. The company achieved a record $975.5 million in new commitments throughout the year. However, unrealized depreciation of $13.6 million and net realized losses of $9.6 million were noted, primarily affecting two portfolio companies.

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Trinity Capital reported strong financial results for Q4 and the full year 2022, highlighting a 75.8% increase in total investment income to $41.5 million. Net investment income surged by 103.8% to $21.6 million, equating to $0.62 per share. Total gross investments funded reached $120.8 million, with aggregate commitments totaling $239.5 million. Despite a decrease in net asset value per share from $13.74 to $13.15, the company declared a dividend of $0.61, supported by a coverage ratio of 135%. Notably, net realized losses were reported at $9.6 million, mainly due to two portfolio companies. Overall, Trinity's strong originations and strategic growth initiatives position it favorably for 2023.

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Trinity Capital Inc. (NASDAQ: TRIN, TRINL) announced its participation in the 35th Annual Roth Conference from March 12 to March 14, 2023 in Laguna Niguel, CA. The conference provides an opportunity for growth-stage companies to engage with investors, showcasing Trinity's commitment to delivering diversified financial solutions. Interested parties can schedule one-on-one meetings with the origination team through their Roth representative. Trinity Capital aims to generate current income and capital appreciation through financing solutions including term loans and equipment financings. For more details, visit www.trinitycap.com.

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Trinity Capital Inc. (Nasdaq: TRIN, TRINL) has announced the schedule for its upcoming quarterly earnings releases. The fourth quarter and full year 2022 results will be disclosed on March 2, 2023, at 2:00 p.m. PT, followed by the first quarter 2023 on May 4, the second quarter on August 3, and the third quarter on November 2. Investors can listen to the calls live and access recordings thereafter on the company's investor relations website. Trinity Capital provides financial solutions to growth-stage companies, focusing on generating current income and capital appreciation through various investments.

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Trinity Capital, a prominent provider of financial solutions, reported $239 million in gross debt and equity commitments for Q4 2022, contributing to a record total of $975 million for the entire year. The company emphasized its growth despite challenging market conditions, focusing on expanding its portfolio and maintaining strong dividend coverage. Key activities included forming a joint venture and a registered investment adviser, alongside a stock repurchase program. Trinity's robust origination and repayment performance highlight its position in the venture debt industry.

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Trinity Capital Inc. (Nasdaq: TRIN) will ring the NASDAQ Closing Bell on January 10, 2023, at 4:00 pm ET. Since its IPO in January 2021, the company has invested over $1.1 billion in venture capital-backed companies and has increased dividends for eight consecutive quarters, amounting to $3.59 per share since the IPO. CEO Steve Brown highlighted the company's achievements and commitment to growth-stage businesses, aiming for long-term shareholder value.

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Trinity Capital Inc. (NASDAQ: TRIN) announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 due to a cash dividend of $0.61 per share. This includes a regular dividend of $0.46 and a supplemental dividend of $0.15, payable on January 13, 2023. The conversion rate will increase to 72.3849 shares per $1,000 principal amount of Convertible Notes, adjusting the conversion price to $13.82 per share. This adjustment arises from the dividend exceeding the initial threshold of $0.30 per share.

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Trinity Capital (NASDAQ: TRIN) announced a $25 million financing facility for RxAnte Inc., a pharmacy care management company. Of this, $15 million has been drawn, with an option for an additional $10 million. RxAnte's innovative services are expected to enhance prescription drug use for over 30 million lives, targeting cost reduction and improved healthcare quality. The funding supports RxAnte's growth in value-based pharmacy services aimed at vulnerable Medicare beneficiaries, which have shown to lower hospitalizations and overall care costs.

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Trinity Capital Inc. (Nasdaq: TRIN) has declared a cash dividend of $0.61 per share for Q4 2022, comprised of a regular dividend of $0.46 and a supplemental dividend of $0.15. This reflects a 2.2% increase from the previous quarter. The declaration date is December 15, 2022, with a record date of December 30, 2022 and a payment date of January 13, 2023. The supplemental dividend will be drawn from undistributed taxable income as of December 31, 2021.

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FAQ

What is the current stock price of Trinity Capital (TRIN)?

The current stock price of Trinity Capital (TRIN) is $14.5 as of December 20, 2024.

What is the market cap of Trinity Capital (TRIN)?

The market cap of Trinity Capital (TRIN) is approximately 857.7M.

What does Trinity Capital Inc. specialize in?

Trinity Capital Inc. specializes in providing diversified financial solutions, including debt and equipment financing, to growth-stage companies, particularly those backed by venture capital and institutional equity investors.

What recent financial milestones has Trinity achieved?

Recently, Trinity issued $100 million in 7.875% notes due 2029 and adjusted the conversion rate of its 6.00% Convertible Notes due 2025, underscoring its strong financial health and investor confidence.

What industries does Trinity's portfolio cover?

Trinity's portfolio covers a wide range of industries, including software, semiconductors, healthcare, pharmaceuticals, clean technology, and more.

How has Trinity expanded its global reach?

Trinity has expanded into Europe by appointing Craig Fox as Managing Director to lead its European operations, capitalizing on the growing venture capital activity in the region.

What are some of Trinity's notable partnerships?

One notable partnership is the $125 million warehouse facility provided in collaboration with Silicon Valley Bank to fintech infrastructure startup Parafin, enabling Parafin to offer capital to businesses on platforms like DoorDash and Amazon.

How did Trinity perform in the first quarter of 2024?

In the first quarter of 2024, Trinity achieved a total investment income of $50.5 million, reflecting strong operational performance and effective portfolio management.

What is Trinity's investment strategy?

Trinity aims to generate current income and, to a lesser extent, capital appreciation through investments in term loans, equipment financings, and equity-related investments.

How does Trinity support its portfolio companies?

Trinity supports its portfolio companies by offering flexible and competitive venture debt financing solutions tailored to their distinctive needs, helping them strengthen their financial position while preserving equity.

What is Trinity's approach to risk management?

Trinity employs a rigorous approach to underwriting and portfolio management, regularly evaluating and adjusting its risk ratings to reflect the liquidity and performance of its portfolio companies.

Where can I find more information about Trinity Capital Inc.?

For more information, please visit Trinity Capital Inc.'s website at www.trinitycap.com.

Trinity Capital Inc.

Nasdaq:TRIN

TRIN Rankings

TRIN Stock Data

857.66M
55.70M
5.44%
24.38%
2.02%
Asset Management
Financial Services
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United States of America
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