Trinity Capital (NASDAQ:TRIN) Releases Earnings Results, Misses Estimates By $0.16 EPS
by Amy Steele · The Cerbat GemTrinity Capital (NASDAQ:TRIN – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.16), FiscalAI reports. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The business had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million.
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 Stock Performance
Shares of NASDAQ TRIN traded up $0.39 during trading hours on Wednesday, hitting $17.36. 1,515,713 shares of the stock were exchanged, compared to its average volume of 1,302,434. The company has a market cap of $1.55 billion, a PE ratio of 8.85 and a beta of 0.63. The company’s fifty day simple moving average is $15.15 and its two-hundred day simple moving average is $15.26. Trinity Capital has a 1-year low of $13.75 and a 1-year high of $17.38.
Trinity Capital Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 11.8%. Trinity Capital’s dividend payout ratio (DPR) is currently 104.08%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Clear Str upgraded shares of Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. Wall Street Zen upgraded shares of Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Citigroup restated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trinity Capital currently has a consensus rating of “Moderate Buy” and an average target price of $16.29.
Read Our Latest Analysis on TRIN
Insider Buying and Selling at Trinity Capital
In other Trinity Capital news, Chairman Steve Louis Brown purchased 27,109 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $14.75 per share, with a total value of $399,857.75. Following the completion of the purchase, the chairman owned 940,745 shares of the company’s stock, valued at approximately $13,875,988.75. The trade was a 2.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kyle Steven Brown purchased 3,532 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $14.16 per share, with a total value of $50,013.12. Following the purchase, the chief executive officer directly owned 620,709 shares of the company’s stock, valued at approximately $8,789,239.44. The trade was a 0.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 37,682 shares of company stock valued at $553,902 in the last ninety days. Insiders own 6.38% of the company’s stock.
Hedge Funds Weigh In On Trinity Capital
Several large investors have recently modified their holdings of TRIN. Marshall Wace LLP raised its stake in shares of Trinity Capital by 4,587.0% during the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after acquiring an additional 1,126,709 shares during the last quarter. Eagle Point Credit Management LLC bought a new position in Trinity Capital during the fourth quarter worth $10,657,000. Two Sigma Investments LP raised its stake in Trinity Capital by 83.5% during the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after buying an additional 448,626 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Trinity Capital by 203.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 545,047 shares of the company’s stock worth $7,986,000 after buying an additional 365,193 shares during the last quarter. Finally, UBS Group AG raised its stake in Trinity Capital by 36.5% during the third quarter. UBS Group AG now owns 806,897 shares of the company’s stock worth $12,491,000 after buying an additional 215,581 shares during the last quarter. Institutional investors 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.