Streetbeat News

TRIN

Trinity Capital Inc.

https://www.trincapinvestment.com

Industry

Asset Management

Trinity Capital Inc. is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc. was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.

Open

14.31

Mkt cap

842M

Volume

435K

High

14.31

P/E Ratio

8.41

52-wk high

15.44

Low

14.23

Div yield

0.14

52-wk low

13.04

Trinity Capital Inc. has committed $40 million in growth capital to Impress, a European orthodontic chain specializing in invisible aligners.

Portfolio Pulse from

November 12, 2024 | 11:45 am

Trinity Capital announced a new share repurchase program, leading to a 1.8% increase in its stock price. The company also plans to enhance shareholder value through dividend payouts.

Portfolio Pulse from

November 08, 2024 | 3:15 pm

Trinity Capital Inc. has announced a stock repurchase program, authorizing the buyback of up to $30 million of its common stock. This move is aimed at potentially enhancing shareholder value.

Portfolio Pulse from

November 07, 2024 | 10:45 pm

Trinity Cap (NASDAQ:TRIN) reported Q3 earnings per share of $0.52, meeting analyst expectations, but down 5.45% from last year. Sales were $61.77M, beating estimates by 11.23% and up 33.01% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:10 pm

Wells Fargo analyst Finian O'Shea has maintained an Equal-Weight rating on Trinity Cap (NASDAQ:TRIN) but has lowered the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:37 pm

Trinity Capital Inc. (NASDAQ:TRIN) reported a record $635 million in originated investments and $459 million in fundings for Q3 2024, with total new commitments reaching $1.2 billion for the first three quarters of the year.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:14 pm

Trinity Capital has expanded its credit facility to $510 million, with a $70 million increase from new lenders. This expansion could enhance Trinity Capital's financial flexibility and growth potential.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 6:00 am

Trinity Capital has committed $35 million in equipment financing to ApiJect Systems to support the development of prefilled single-dose injection devices. This investment highlights Trinity Capital's focus on supporting innovative healthcare solutions.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:33 pm

Trinity Capital (NASDAQ:TRIN) reported Q2 2024 earnings per share (EPS) of $0.51, missing the analyst estimate of $0.52 by 1.92%. However, the company reported sales of $54.641 million, beating the estimate of $52.833 million by 3.42%. Compared to the same period last year, EPS decreased by 12.07%, while sales increased by 18.67%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:10 pm

Trinity Capital has launched a new investment vehicle in partnership with Eagle Point Credit Management. Trinity's wholly owned adviser will support new capital sources and generate non-capital intensive fee income.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:03 pm

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