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Trinity Capital posts record Q2 funding, 36% AUM growth, 12% yield, but Hold rating due to valuation and macro risks

Analyst Insights
22 Aug 2026
Seeking Alpha
View Source
Bullish
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Trinity Capital (TRIN) showed strong performance with a record $619 million in Q2 fundings and 36% growth in assets under management, supported by disciplined underwriting and low non-accruals indicating solid credit quality. The company offers a 12% yield and maintains balance sheet strength through conservative leverage, a premium to NAV, and recent capital raises. Despite these positives, a Hold rating is advised due to the stock's valuation premium, limited near-term upside, and ongoing macroeconomic risks. Investors are recommended to consider buying closer to NAV for better safety margins.

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