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-0.000672947510094198 -0.000672947510094198 -0.00134589502018852 -0.00134589502018852 0.00235531628532975 0.00572005383580074 0.0067294751009421 0.00269179004037679
Stock impact report

Trinity Capital: Strong Investment Setup (Rating Upgrade) [Seeking Alpha]

Trinity Capital Inc. (TRIN) 
Company Research Source: Seeking Alpha
Trinity Capital's non-accrual ratio at fair value declined to 0.7% in Q4'25, which is among the best in the BDC sector, supporting confidence in credit quality. Trinity Capital fully supported its dividend with NII and published a coverage ratio -- unchanged from Q3 -- of 102%. Shares now trade at a 1.02X price-to-NAV, an 8% discount to historical averages, offering an attractive entry point. I upgrade TRIN to a buy, citing healthy origination growth, underwriting discipline, low SaaS exposure, and the potential for revaluation to historical P/NAV multipliers. Richard Drury/DigitalVision via Getty Images Like other private credit companies in the industry, Trinity Capital ( TRIN ) has suffered selling pressure due to concerns about the performance of SaaS loans in the BDC sector. Trinity Capital, and other BDCs, originate loans to This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of TRIN, HTGC either through stock owner Show less Read more
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