Trinity Capital Inc. is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc. was founded in 2019 is based in Phoenix, Arizona with an additional office in Lutherville-Timonium, Maryland.
IPO Year: 2021
Exchange: NASDAQ
Website: trincapinvestment.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/22/2023 | $15.50 | Neutral → Buy | Compass Point |
8/7/2023 | $15.00 | Underperform → Mkt Perform | Keefe Bruyette |
7/5/2023 | $15.00 | Buy | Jefferies |
3/13/2023 | $13.50 → $11.00 | Mkt Perform → Underperform | Keefe Bruyette |
11/7/2022 | $30.00 | Positive → Neutral | Susquehanna |
11/4/2022 | $16.00 → $12.50 | Outperform → Mkt Perform | Keefe Bruyette |
10/27/2022 | $18.00 → $12.75 | Buy → Neutral | Compass Point |
9/16/2022 | $14.50 | Buy | B. Riley Securities |
7/25/2022 | $16.00 → $14.50 | Overweight → Equal Weight | Wells Fargo |
2/28/2022 | $19.50 → $20.50 | Buy | B. Riley Securities |
Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices.Based in Houston, Velentium designs, develops, manufactures, and provides post-market support for medical devices, particularly active implantable and wearable devices. With expertise in systems engineering, software, cybersecurity, mobile/cloud solutions, and automated test systems, Velentium collaborates with clients worldwide to create medical solutions that improve lives.
On Wednesday, Trinity Capital Inc (NASDAQ:TRIN) announced the commitment of $25 million in growth capital to Elevate K-12, a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States. Trinity Capital is an internally managed business development company that provides diversified financial solutions to growth-stage companies with institutional equity investors. Elevate delivers high-quality LIVE teaching to K-12 classrooms from state-certified and qualified teachers to solve the challenges caused by teacher vacancies nationwide. Also Read: Trinity Capital Inc. Reports First Quarter 2024 Financial Results This new growth c
B. Riley Securities analyst Bryce Rowe maintains Trinity Cap (NASDAQ:TRIN) with a Buy and lowers the price target from $16.5 to $16.
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PHOENIX, Sept. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $20 million in growth capital to Kymeta, a leading flat-panel satellite antenna company. Based in Redmond, WA, Kymeta is a leader in multi network satellite communications. Their groundbreaking antennas seamlessly integrate with multiple satellite networks, providing unparalleled connectivity and reliability. By utilizing cutting edge technology based on metamaterial science
PHOENIX, Sept. 4, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $50 million in growth capital to LightForce, makers of the world's first fully personalized 3D printed braces system. LightForce specializes in personalized orthodontics, focusing on the development and production of 3D printed dental brackets. LightForce provides orthodontists with a comprehensive braces solution that improves treatment efficiency for patients, incorporating
Parafin, a leading innovator in embedded finance, announced today that it closed a $93M debt facility with Jeffries and Trinity Capital Inc. Their investment has the potential to increase to $187M. The substantial funding from Jefferies and Trinity, both known for their strategic investments in pioneering technologies, will support Parafin's ability to offer capital to small businesses. Earlier this year, Parafin secured $125 million from Silicon Valley Bank and Trinity Capital Inc. Parafin enables platforms such as marketplaces, vertical SaaS, and payment processors with embedded financial services for their small business sellers. In under three years, Parafin has partnered with Amazon,
PHOENIX, Aug. 27, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $35 million in equipment financing to ApiJect Systems, Corp ("ApiJect"), a public-benefit medical technology company focused on prefilled, single-dose injection devices. Based in Stamford, CT, ApiJect works with pharmaceutical companies to design rapidly scalable, cost-efficient drug delivery systems, and then assists in manufacturing those devices. ApiJect aims to enable mor
Platform AUM grows to $1.7 billion, a 36% increase year-over-year NII hits a record of $26.7 million, or $0.53 per share Return on average equity climbs to 16.3% PHOENIX, Aug. 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Record total investment income of $54.6 million, an increase of 18.7% year-over-yearRecord net investment income ("NII")
Credit facility can accordion to $690 million Maturity Date Extended to July 2029 PHOENIX, Aug. 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital," "Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it has amended its credit facility led by KeyBank N.A. ("KeyBank"). The amendment expands the original credit facility from $350 million to $440 million in commitments and includes an accordion feature, pursuant to which the Company may increase the size of the credit facility to an aggregate principal amount of $690 million. The expansion increases the diversified group of lenders to 11 ban
PHOENIX, Ariz. and GREENWICH, Conn., July 23, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of financing solutions to growth-stage companies, today announced that it has launched a new vehicle in partnership with Eagle Point Credit Management LLC ("Eagle Point Credit"). Trinity's wholly owned registered investment adviser will be an adviser to the new vehicle, thereby bolstering the Company's sources of capital for lending and generating non-capital intensive fee income. The vehicle is being capitalized with an equity
PHOENIX, July 22, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the appointment of Josh Ruben as Managing Director of Life Sciences. Mr. Ruben, an established leader with over a decade of experience in investment banking, has a long track record of supporting life science companies with over $50 billion of transactions completed across M&A and capital raises. He is based in Phoenix, AZ. "We are delighted to welcome Josh to our team," said
PHOENIX, July 19, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its second quarter 2024 financial results before market open on Wednesday, August 7, 2024. The Company will discuss its financial results on a conference call that day at 9:00 a.m. PT (12:00 p.m. ET). To listen to the call, please dial (800) 245-3047 or (203) 518-9765 internationally and reference Conference ID: TRINQ224 if asked, approximately 10 minutes pri
$576 million of commitments through the first half of 2024 PHOENIX, July 18, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter, bringing total new commitments for the first half ended June 30, 2024, to $576 million. "Trinit
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PHOENIX, July 22, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the appointment of Josh Ruben as Managing Director of Life Sciences. Mr. Ruben, an established leader with over a decade of experience in investment banking, has a long track record of supporting life science companies with over $50 billion of transactions completed across M&A and capital raises. He is based in Phoenix, AZ. "We are delighted to welcome Josh to our team," said
Appoints Craig Fox to Lead New Venture PHOENIX, May 22, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its strategic expansion into Europe with the appointment of London-based Craig Fox as Managing Director. This initiative aligns with the Company's long-term vision of supporting high-growth companies globally. By establishing a dedicated European team, Trinity aims to capitalize on the growing momentum and venture capital activity in the r
New business to provide growth capital for private-equity-backed companies PHOENIX, May 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the expansion of its business with the addition of a new Sponsor Finance vertical. This strategic expansion naturally extends the Company's established expertise in providing direct lending solutions to sponsor-backed companies across a range of industries. "We see the ability to leverage our market knowl
PHOENIX, Jan. 23, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the strategic expansion of its origination team with the appointment of Brendan Carr as Director of Tech Lending, based in Boston. Bringing a wealth of experience from over a decade in the venture banking sphere, Mr. Carr has a vast network of industry connections and a proven track record of working with companies as they ramp up their operations. "We are delighted to welcome Br
PHOENIX, Dec. 18, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the appointment of Ryan Kaeding as Managing Director, Life Sciences in San Diego, California. Mr. Kaeding, a veteran in the venture ecosystem, has been supporting venture capital-backed growth-stage companies for 20+ years. "We are thrilled to welcome Ryan to our team in San Diego," said Rob Lake, Senior Managing Director, Life Sciences at Trinity. "His expertise is expected to b
PHOENIX, Sept. 6, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that as part of the Company's long-term succession plan, its Board of Directors has named Kyle Brown as Chief Executive Officer, effective January 1, 2024. At the same time, Trinity's current CEO, Steve Brown, will become Executive Chairman of the Board of Directors. This carefully designed leadership transition reflects the vision and planning of the Company's management
PHOENIX, June 29, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the strategic expansion of its origination team with the appointment of Andrew Ghannam as Managing Director of Tech Lending, based in New York. A seasoned executive, Mr. Ghannam brings over a decade of experience in the venture banking sphere, a vast network of industry connections and a proven track record of fostering growth and innovation in the New York market. "We are excite
Appoints Igor DaCruz as Managing Director and Opens San Diego Office PHOENIX, June 26, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the continued expansion of its life sciences team with the appointment of Igor DaCruz as Managing Director, Life Sciences, and the opening of a new office in the San Diego area. "This expansion is part of Trinity's strategic vision to become a comprehensive solutions provider offering a wide range of financial p
PHOENIX, Nov. 3, 2021 /PRNewswire/ – Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital" or "Trinity" or "Company"), a leading specialty lender providing debt and equipment financing to growth-stage companies, today announced the appointment of Phil Gager as Managing Director, Origination in Boston, Massachusetts. Gager, who has been a part of the venture ecosystem for over 20 years, joins the Trinity team to grow the company's origination efforts in the East Coast region. "I am excited to have Phil join the team. His East Coast tech network and national healthcare network
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Platform AUM grows to $1.7 billion, a 36% increase year-over-year NII hits a record of $26.7 million, or $0.53 per share Return on average equity climbs to 16.3% PHOENIX, Aug. 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Record total investment income of $54.6 million, an increase of 18.7% year-over-yearRecord net investment income ("NII")
PHOENIX, July 19, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its second quarter 2024 financial results before market open on Wednesday, August 7, 2024. The Company will discuss its financial results on a conference call that day at 9:00 a.m. PT (12:00 p.m. ET). To listen to the call, please dial (800) 245-3047 or (203) 518-9765 internationally and reference Conference ID: TRINQ224 if asked, approximately 10 minutes pri
$576 million of commitments through the first half of 2024 PHOENIX, July 18, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter, bringing total new commitments for the first half ended June 30, 2024, to $576 million. "Trinit
PHOENIX, June 28, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible Notes") as a result of the Company's cash dividend of $0.51 per share, payable on July 15, 2024 to stockholders of record as of June 28, 2024. The ex-dividend date for such dividend was June 28, 2024. Effective immediately after the close of business on June 28, 2024, the conversion rat
PHOENIX, April 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its first quarter 2024 financial results before market open on Wednesday, May 1, 2024. The Company will discuss its financial results on a conference call that day at 9:00 a.m. PT (12:00 p.m. ET). To listen to the call, please dial (800) 245-3047 or (203) 518-9765 internationally and reference Conference ID: TRINQ124 if asked, approximately 10 minutes prior
PHOENIX, March 28, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible Notes") as a result of the Company's cash dividend of $0.51 per share, payable on April 15, 2024 to stockholders of record as of March 28, 2024. The ex-dividend date for such dividend was March 27, 2024. Effective immediately after the close of business on March 28, 2024, the conversio
13th Consecutive Quarter of a Dividend Increase PHOENIX, March 14, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced that on March 14, 2024, its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending March 31, 2024. This dividend represents an increase of 2.0% over the regular dividend declared in the prior quarter. Summary of First Quarter 2024 Dividend: Declaration date March 14, 2024 Record D
Record Quarterly Net Investment Income of $25.1 Million in Q4 Record Annual Net Investment Income of $89.9 Million in 2023 Return on Average Equity Hits 16.9% in Q4 PHOENIX, March 6, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced its financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Record total investment income of $47.8 million, an increase of 15.2% year-over-yearRecord net investment
PHOENIX, Feb. 6, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it expects to issue quarterly earnings releases before the market opens and hold conference calls at the time indicated on the following dates: Fourth quarter and full year 2023: Wednesday, March 6, 2024, at 9:00 a.m. PT (12:00 p.m. ET)First quarter 2024: Wednesday, May 1, 2024, at 9:00 a.m. PT (12:00 p.m. ET)Second quarter 2024: Wednesday, August 7, 2024, at 9:00 a.m. PT (12
PHOENIX, Dec. 29, 2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible Notes") as a result of the Company's cash dividend of $0.50 per share, payable on January 12, 2024 to stockholders of record as of December 29, 2023. The ex-dividend date for such dividend was December 28, 2023. Effective immediately after the close of business on December 29, 2023, the
Compass Point upgraded Trinity Capital from Neutral to Buy and set a new price target of $15.50
Keefe Bruyette upgraded Trinity Capital from Underperform to Mkt Perform and set a new price target of $15.00
Jefferies initiated coverage of Trinity Capital with a rating of Buy and set a new price target of $15.00
Keefe Bruyette downgraded Trinity Capital from Mkt Perform to Underperform and set a new price target of $11.00 from $13.50 previously
Susquehanna downgraded Trinity Capital from Positive to Neutral and set a new price target of $30.00
Keefe Bruyette downgraded Trinity Capital from Outperform to Mkt Perform and set a new price target of $12.50 from $16.00 previously
Compass Point downgraded Trinity Capital from Buy to Neutral and set a new price target of $12.75 from $18.00 previously
B. Riley Securities resumed coverage of Trinity Capital with a rating of Buy and set a new price target of $14.50
Wells Fargo downgraded Trinity Capital from Overweight to Equal Weight and set a new price target of $14.50 from $16.00 previously
B. Riley Securities reiterated coverage of Trinity Capital with a rating of Buy and set a new price target of $20.50 from $19.50 previously