Home Financials  Summary Trinity Capital remains a Buy, while Hercules Capital is maintained at Hold due to relative valuation and earnings durability. TRIN demonstrates resilient yields, diversified deployment, and stable recurring income, outperforming HTGC amid a slower venture liquidity environment. HTGC's premium to NAV has compressed, with earnings power dampened by fading yields and slower capital market monetization. TRIN's platform diversification and infrastructure focus position it better for a selective, slower cycle, justifying capital allocation preference over HTGC. jittawit.21/iStock via Getty Images I had last covered Hercules Capital ( HTGC ) in December last year and assigned it a Hold rating. That conservative rating was never about the business quality. Hercules continues to be one of the strongest Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.…