TRINITY CAPITAL Makes Changes to 6.00% Convertible Notes Conversion Rate

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Trinity Capital ($NASDAQ:TRIN) Inc. has recently announced changes to the conversion rate of its 6.00% convertible notes due 2025. TRINITY CAPITAL is a publicly traded company listed on the The Nasdaq Capital Market under the symbol TRIN. The company specializes in providing capital solutions to the healthcare and life science industries, along with other growth-oriented businesses.

In addition to offering conventional debt financings, TRINITY CAPITAL also provides mezzanine debt, structured equity and other creative and flexible capital solutions. The company’s strategic focus is to support the growth and development of its partner companies with creative capital solutions, operational expertise and access to relationships that enhance value.

Share Price

As a result of these changes, the stock opened on Friday at $13.0 and closed at $12.7, representing a 2.1% decline from the prior closing price of $13.0. With these changes, TRINITY CAPITAL looks to make a better return on investment while increasing investor confidence. The changes have been met with positive reviews by investors and analysts. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Trinity Capital. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Trinity Capital. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Trinity Capital. More…

Key Ratios Snapshot

Some of the financial key ratios for Trinity Capital are shown below. More…

Analysis

At GoodWhale, we analyzed the financials of TRINITY CAPITAL with assistance from our team. The Star Chart revealed that TRINITY CAPITAL was strong in cash flow, medium in dividend, and weak in asset, growth, and profitability. Based on this information, we classified TRINITY CAPITAL as a ‘cow’, which suggests that the company has a track record of paying out consistent and sustainable dividends. Given this profile, investors interested in consistent and reliable dividend payments may be interested in TRINITY CAPITAL. However, the company has a low health score of 2/10 with regard to its cashflows and debt, indicating that it is less likely to pay off debt and fund future operations. Investors should carefully consider the risks before investing in TRINITY CAPITAL. More…

Peers

In the world of capital investment, there is always competition. For Trinity Capital Inc, its competitors include Franklin BSP Lending Corp, Blackstone Secured Lending Fund, and FS KKR Capital Corp. Each company offers different terms and conditions for their loans, so it is up to Trinity Capital Inc to decide which company offers the best deal.

– Franklin BSP Lending Corp ($OTCPK:BDVC)

Franklin BSP Lending Corp is a publicly traded company with a market capitalization of 1.24 billion as of 2022. The company has a return on equity of 5.08%. Franklin BSP Lending Corp is a financial services company that provides lending, banking, and other financial services to businesses and individuals.

– Blackstone Secured Lending Fund ($NYSE:BXSL)

Blackstone Secured Lending Fund is a closed-end fund that invests primarily in first-lien and second-lien loans. The fund may also invest in mezzanine debt, equity securities, and other types of securities. The fund’s investment objective is to generate income and preserve capital.

Blackstone Secured Lending Fund has a market cap of 3.92B as of 2022. The company has a Return on Equity of 6.01%. Blackstone Secured Lending Fund invests primarily in first-lien and second-lien loans. The fund may also invest in mezzanine debt, equity securities, and other types of securities. The fund’s investment objective is to generate income and preserve capital.

– FS KKR Capital Corp ($NYSE:FSK)

KKR Capital Corporation is a publicly traded company with a market capitalization of $5.3 billion as of 2022. The company has a return on equity of 5.06%. KKR Capital Corporation is a financial services company that provides a range of investment banking, asset management, and capital markets services to its clients.

Summary

Trinity Capital Inc. has recently announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025. This change is important to investors as it will have an effect on the price of the common stock. The increase in the conversion rate is a result of the recent drop in share price, which was caused by the market selloff from the coronavirus pandemic. Investors should research the effects of this adjustment to ensure they are comfortable with the potential implications before investing in Trinity Capital Inc.