Trinity Capital (NASDAQ:TRIN) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Trinity Capital (NASDAQ:TRIN) posted its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01, Zacks reports. The firm had revenue of $51.37 million during the quarter, compared to the consensus estimate of $85.87 million. Trinity Capital had a return on equity of 15.54% and a net margin of 43.45%.

Here are the key takeaways from Trinity Capital’s conference call:

• Record net assets grew 7% QoQ and 40% YoY to $1.2 billion; Q1 net investment income was $0.53 per share, covering the $0.17 monthly dividend (104% coverage) and leaving estimated undistributed taxable income of ~$68M (~$0.78/share).
• Originations and pipeline remain strong with $306M funded in Q1 (up 39% YoY), $396M of commitments, and $1.2B of unfunded commitments (94% conditional), supporting continued deployment growth.
• Managed funds AUM reached $400M; the SBIC fund had an initial $45.3M close and is expected to add ~ $260M of low‑cost leverage capacity, with managed funds contributing ~$0.04 to Q1 NII.
• Credit metrics are largely strong—non‑accruals ~1%, 99% of debt performing, 88% of principal secured and a 19% weighted‑average LTV—but Q1 included ~$10M of realized losses, ~$5M of unrealized depreciation, and elevated early repayments.
• Capital and liquidity position is solid: $78.4M raised via ATM at ~12% premium, net leverage ~1.15x and platform liquidity of > $500M, enabling opportunistic growth while minimizing shareholder dilution.

Trinity Capital Trading Down 1.5%

TRIN stock opened at $17.02 on Friday. Trinity Capital has a 1-year low of $13.76 and a 1-year high of $17.38. The business’s 50 day simple moving average is $15.24 and its 200 day simple moving average is $15.30. The firm has a market capitalization of $1.52 billion, a PE ratio of 9.01 and a beta of 0.63.

Trinity Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. Trinity Capital’s payout ratio is presently 107.94%.

Analysts Set New Price Targets

Several research firms have recently commented on TRIN. Citigroup reissued an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Wells Fargo & Company increased their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Clear Str upgraded shares of Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.64.

Insider Buying and Selling at Trinity Capital

In related news, CEO Kyle Steven Brown acquired 3,532 shares of Trinity Capital stock in a transaction on Monday, March 16th. The stock was purchased at an average cost of $14.16 per share, with a total value of $50,013.12. Following the completion of the transaction, the chief executive officer directly owned 620,709 shares in the company, valued at $8,789,239.44. This trade represents a 0.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Steve Louis Brown acquired 27,109 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $14.75 per share, for a total transaction of $399,857.75. Following the completion of the transaction, the chairman directly owned 940,745 shares of the company’s stock, valued at approximately $13,875,988.75. This trade represents a 2.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 37,682 shares of company stock valued at $553,902 in the last ninety days. Insiders own 5.31% of the company’s stock.

Hedge Funds Weigh In On Trinity Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in Trinity Capital during the 2nd quarter worth approximately $54,000. BNP Paribas Financial Markets boosted its position in shares of Trinity Capital by 8,783.8% in the third quarter. BNP Paribas Financial Markets now owns 6,041 shares of the company’s stock valued at $94,000 after acquiring an additional 5,973 shares during the period. Triumph Capital Management bought a new stake in shares of Trinity Capital in the third quarter valued at about $102,000. Boothbay Fund Management LLC acquired a new position in shares of Trinity Capital in the second quarter valued at about $142,000. Finally, Graham Capital Management L.P. increased its position in Trinity Capital by 10.7% during the fourth quarter. Graham Capital Management L.P. now owns 11,234 shares of the company’s stock worth $165,000 after acquiring an additional 1,085 shares during the period. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.