Trinity Capital: 15% Yield With Room For Improvement [Seeking Alpha]
Trinity Capital Inc. (TRIN)
US:NASDAQ Investor Relations:
lanb.com/home/about-us/news/2017/09/15/trinity-capital-corporation-commences-trading-on-otcqx-and-announces-dtc-eligibility
Company Research
Source: Seeking Alpha
Follow Play 9min Summary Trinity Capital offers a 14.7% yield, supported by a diversified portfolio and favorable floating-rate debt profile, making it attractive for income-focused investors. Despite robust portfolio growth and solid returns on equity and assets, TRIN faces challenges like elevated non-accruals, higher operating expenses, and stagnant NII per share growth. TRIN's valuation at 1.06x Price-to-NAV is lower compared to internally-managed peers, reflecting its risks with potential for improved efficiencies and growth down the line. I rate TRIN as a ‘Spec Buy' given its high yield and potential for better performance, while keeping an eye on the identified challenges. Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More » ISerg/iStock via Getty Images High-yield investing can be a tricky landscape to navigate. On one hand, the high payouts can be enticing for t
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TRIN
News
- Longtime commercial real estate exec changes Charlotte firms [Yahoo! Finance]Yahoo! Finance
- Trinity Capital Inc. Provides $40 Million in Growth Capital to ImpressPR Newswire
- Trinity Capital Inc. Announces Stock Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Trinity Capital Inc. Announces Stock Repurchase ProgramPR Newswire
- Trinity Capital Inc. Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
TRIN
Earnings
- 10/30/24 - Miss
TRIN
Sec Filings
- 11/7/24 - Form 8-K
- 11/6/24 - Form 4
- 11/6/24 - Form 4
- TRIN's page on the SEC website