Trinity Capital Inc. Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

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.

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.