Trinity Capital risk/reward ‘compelling’ after selloff, says B. Riley
The Fly

Trinity Capital risk/reward ‘compelling’ after selloff, says B. Riley

B. Riley analyst Bryce Rowe lowered the firm’s price target on Trinity Capital to $12 from $14.50 and keeps a Buy rating on the shares. The Q3 credit trends were disappointing with one nonaccrual addition in the quarter and another after quarter end, but Trinity’s sock price reaction "has been overly punitive," Rowe tells investors in a research note. He believes the risk/reward is "compelling" with limited incremental downside from the current 80% of Q3 net asset value valuation and with a dividend yield of 16.4%.

Published first on TheFly

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