Trinity Capital: Premium To Nav Has Come Down (Rating Upgrade) [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
Trinity Capital reported growth in loan originations and net investment income which will help support the current dividend yield of 13.9%. Trinity Capital's risk profile is well-suited to ride out rate cuts or market cycles due to their portfolio of floating rate loans. The average credit ratings of their debt investments does leave some room for improvement desired and could be a vulnerability during a recession. Overview The last time I took a look at Trinity Capital Inc. NASDAQ: TRIN ), I decided to stay on the sidelines and rated the stock a Hold . This was due to the fact that the price traded at a higher premium to NAV (net asset value) than what it averaged over the last 3-year period. However, after reassessing some similar BDCs (business development companies) and seeing that they all trade at premiums significantly higher than TRIN does, I feel comfortable starting a position here. In addition, TRIN reported Q4 earnings and showed growth in loan originations and
Show less
Read more
Impact Snapshot
Event Time:
TRIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRIN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRIN alerts
High impacting Trinity Capital Inc. news events
Weekly update
A roundup of the hottest topics
TRIN
News
- Trinity Capital Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Trinity Capital Inc. Reports First Quarter 2024 Financial ResultsPR Newswire
- Trinity Capital: Record Quarter, But Still Not Good Enough [Seeking Alpha]Seeking Alpha
- TechCrunch Fintech: Meet PayJoy, a fintech operating at the intersection of doing good and making money [TechCrunch]TechCrunch
- Trinity Capital Inc. Provides Details for First Quarter 2024 Financial Results and Conference Call [Yahoo! Finance]Yahoo! Finance
TRIN
Earnings
- 5/1/24 - Miss
TRIN
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/26/24 - Form DEFA14A
- TRIN's page on the SEC website