Trinity Capital

Trinity Capital has appointed Matt Nuyen as director of originations on its equipment finance team. Nuyen will work from Phoenix and brings about 20 years of experience in commercial equipment financing and structured finance. His responsibilities include sourcing new business, expanding partner networks and structuring capital solutions for high-growth companies. Trinity Capital is an alternative asset manager with five financing divisions that has provided more than $6.2 billion across over 490 investments since 2008. » Więcej na de.investing.com

Trinity Capital’s stock rose to a new 52-week high of $18.57, backed by a 17.29% gain over the past year, a 30% return in six months and a 36% year-to-date increase. Investor appeal is further supported by an 11% dividend yield. In Q2, Trinity Capital missed expectations with adjusted earnings of $0.49 per share (expectation $0.52) and revenue of $87.17 million (expectation $91.18 million), but highlighted record new originations, increased capital gains and solid dividend coverage. » Więcej na de.investing.com

Trinity Capital reported adjusted earnings of $0.49 per share and revenue of $87.17 million for Q2, falling slightly short of consensus estimates. Net investment income of $0.51 per share covered the quarterly dividend, new originations reached a record $619 million, and net assets rose to $1.3 billion. Despite improved investment yields and stable credit quality, the stock fell about 5.8% in premarket trading as earnings and revenue missed expectations. Management expects further NII growth and a covered dividend but warns of quarterly volatility from early repayments and a changing loan mix. » Więcej na de.investing.com