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

14.60

Mkt cap

856M

Volume

540K

High

14.63

P/E Ratio

8.55

52-wk high

15.44

Low

14.50

Div yield

0.14

52-wk low

13.04

Trinity Capital Inc. has committed $50 million in equipment financing to Form Energy, a company focused on developing cost-effective, multi-day energy storage systems.

Portfolio Pulse from

December 16, 2024 | 12:45 pm

Trinity Capital Inc. has declared a cash dividend of $0.51 per share for the fourth quarter of 2024, marking the 20th consecutive quarter of consistent or increased dividends.

Portfolio Pulse from

December 12, 2024 | 9:30 pm

Trinity Capital Inc. has increased its credit facility to $600 million, with an additional $90 million commitment led by KeyBank N.A. This expansion supports Trinity's financial solutions for growth-oriented companies.

Portfolio Pulse from

December 10, 2024 | 1:15 pm

The private credit market is gaining traction as investors and institutions look for alternative income streams. With traditional bank lending subdued and companies staying private longer, private credit offers lucrative opportunities.

Portfolio Pulse from

December 06, 2024 | 7:30 pm

Trinity Capital Inc. has committed $20 million in growth capital to Steno, a tech-enabled legal support provider. This investment aims to enhance Steno's tech-based litigation solutions.

Portfolio Pulse from

December 05, 2024 | 12:15 pm

Trinity Capital (TRIN) offers a high dividend yield of 14.2%, supported by strong net investment income and record loan origination volume. Despite a slight increase in credit risk rating, the potential for an IPO boom and higher loan origination could offset negative interest rate impacts.

Portfolio Pulse from

November 26, 2024 | 3:30 pm

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

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