Trinity Capital: Weaker Distribution Coverage (Rating Downgrade) [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 15min Summary I am downgrading Trinity Capital (TRIN) to a hold due to concerns about dividend sustainability amid anticipated declines in net investment income from interest rate cuts. TRIN's diversified portfolio and solid credit facility position it well for new investment opportunities. Lower rates can increase the volume of new deals in the market. Despite positive Q2 earnings and strong liquidity, TRIN's modest dividend coverage and lack of NAV growth raise caution about future performance. urbancow/E+ via Getty Images Overview Business development companies were the place to be over the last 2 years while interest rates were at their decade high. Now that the Fed has implemented their first set of interest rate cuts, I plan to assess all of my BDC holdings to get a better idea of how this will ultimately impact earnings power and dividend sustainability. I previously covered Trinity Capital ( NASDAQ: TRIN ) back in June and the price has fallen si
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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