Trinity Capital: A Solid BDC, But The Price Is Too High

Impact · against what's priced in

TRIN is facing negative pressure due to a combination of stretched valuations and deteriorating asset quality. The acceleration of non-accruals suggests emerging credit risks that may offset the company's robust equipment financing fundamentals.

TRIN−0.40

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In context

The stock's valuation is stretched at 1.28x NAV and over 8x NII, while re-accelerating non-accruals signal rising credit risk despite strong core fundamentals.

Read from the article alone

• valuation
• TRIN
• bdc
• credit risk
• equipment financing
• nav
• non accruals

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