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Trinity Capital Inc - TRIN STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Trinity Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Trinity Capital's position in the market.

Rhea-AI Summary
Trinity Capital Inc. (TRIN) will release its first quarter 2024 financial results on May 1, 2024. The company will discuss the results in a conference call at 9:00 a.m. PT. A taped replay will be available, and a live webcast can be accessed on the investor relations section of the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
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Rhea-AI Summary
Silicon Valley Bank (SVB) and Trinity Capital Inc. provide a $125 million financing facility to fintech startup Parafin to support businesses on platforms like DoorDash and Amazon. Parafin, utilizing a machine learning-based model, has already extended $5 billion in offers to thousands of businesses since its launch in 2020.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
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none
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Rhea-AI Summary
Trinity Capital Inc. (NASDAQ: TRIN) adjusts the conversion rate of its Convertible Notes due to a cash dividend of $0.51 per share. The new rate is 78.0543 shares per $1,000 principal amount, with a conversion price of $12.81 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
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none
Rhea-AI Summary
Trinity Capital Inc. announces a public offering of $100.0 million in 7.875% notes due 2029 to pay down existing debt and redeem 7.00% notes due 2025. The offering is managed by Keefe, Bruyette & Woods, Morgan Stanley, RBC Capital Markets, and Compass Point.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
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none
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Rhea-AI Summary
Trinity Capital Inc. (TRIN) announced a 2.0% increase in its quarterly cash dividend to $0.51 per share for the quarter ending March 31, 2024. The company aims to distribute dividends approximating 90% to 100% of its taxable quarterly income to qualify as a regulated investment company under the Internal Revenue Code of 1986.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
dividends
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Rhea-AI Summary
Trinity Capital Inc. (TRIN) reports record quarterly net investment income of $25.1 million in Q4 and annual net investment income of $89.9 million in 2023. Return on average equity hits 16.9% in Q4, with total investment income reaching $47.8 million. Trinity's financial results showcase growth in portfolio and total gross investments funded, along with a 12th consecutive increase in the regular quarterly dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
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Rhea-AI Summary
Trinity Capital Inc. commits $50 million in equipment financing to Electric Hydrogen, a leading manufacturer of electrolyzer systems for green hydrogen production. Electric Hydrogen's innovative plant aims to reduce costs and decarbonize critical industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
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Rhea-AI Summary
Trinity Capital Inc. invests $25 million in Moxe Health to enhance healthcare interoperability and clinical data exchange. Moxe's innovative technology aims to revolutionize data exchange within the healthcare system, benefiting over 150 million US lives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
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Rhea-AI Summary
Trinity Capital Inc. commits $120 million in equipment financing to Rocket Lab USA, Inc., supporting their growth in the space industry. Rocket Lab secures a $515 million contract with the Space Development Agency for satellite development. The partnership aims to enhance manufacturing capabilities and drive innovation in the aerospace sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.93%
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none
Rhea-AI Summary
cPacket Networks Inc. secures $67M funding round to enhance its position in the enterprise hybrid network observability and security market. Morgan Stanley Expansion Capital and Trinity Capital Inc. contribute to the investment, showcasing confidence in cPacket's performance and market potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
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Trinity Capital Inc

Nasdaq:TRIN

TRIN Rankings

TRIN Stock Data

671.48M
43.19M
7.14%
26.05%
1.91%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States
Phoenix

About TRIN

high-growth venture capital-backed companies turn to trinity capital investment (trinity) as a preferred option for venture loans and equipment leases to fuel their growth and extend their runway. since 2008, trinity has worked closely with leading venture capital firms and their respective portfolio companies to offer valuable support, enhanced flexibility and competitive venture debt financing solutions to customers with distinctive needs. the trinity portfolio includes clients in the software, semiconductors and hardware, healthcare and pharmaceuticals, energy and efficiency, consumer and retail, networking and equipment, and clean technology industries. having funded some of the world’s most innovative startup companies, trinity is the partner of choice for venture-backed technology startups wanting an experienced partner to help strengthen their financial position while preserving equity. for more information, please visit www.trincapinvestment.com.