We discuss why Trinity Capital has announced a stock repurchase program and whether that will revive its out of favor stock price.
New-ish BDC Trinity Capital has continued to expand and remains optimistic about the sector as discussed – amongst other issues – on its IIQ 2022 earnings conference call.
On the same day the BDC Reporter wrote an article about Trinity Capital, its CEO gave an interview about the venture-debt BDC, its strategy and outlook.
Trinity Capital is in fast growth mode and is raising additional unsecured debt by tapping the public market for the first time. An important development both for the BDC and BDC debt investors who have had little in the way of new issues to choose from of late.
BDC equity raises are rare these days. Trinity Capital, which went public recently, has just priced a secondary stock offering. We discuss the newer BDC’s growth, earnings and dividend outlook and wonder if a new BDC outperformer has arrived on the scene ?
Both the major indices and the BDC sector disappointed on Monday. However, there was plenty of news including two BDCs reporting activity levels, a closed half billion dollar unsecured note offering and two credit updates.