Trinity Capital Inc. (TRIN) to Issue Monthly Dividend of $0.17 on August 31st

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, June 17th. Investors of record on Friday, August 14th will be given a dividend of 0.17 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Friday, August 14th.

Trinity Capital has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Trinity Capital to earn $2.12 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 96.2%.

Trinity Capital Stock Performance

Shares of TRIN stock opened at $18.18 on Wednesday. Trinity Capital has a 1 year low of $14.13 and a 1 year high of $18.46. The stock has a fifty day moving average of $17.41 and a two-hundred day moving average of $16.34. The firm has a market capitalization of $1.72 billion, a PE ratio of 9.62 and a beta of 0.61.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown bought 2,296 shares of the business’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $18.04 per share, for a total transaction of $41,419.84. Following the completion of the transaction, the chief executive officer directly owned 612,262 shares of the company’s stock, valued at approximately $11,045,206.48. This trade represents a 0.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.25% of the stock is owned by company insiders.

Institutional Trading of Trinity Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP grew its holdings in Trinity Capital by 4,587.0% during the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after acquiring an additional 1,126,709 shares during the period. Eagle Point Credit Management LLC acquired a new stake in Trinity Capital in the 4th quarter valued at about $10,657,000. Two Sigma Investments LP lifted its holdings in Trinity Capital by 83.5% in the 3rd quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after acquiring an additional 448,626 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in shares of Trinity Capital during the 4th quarter valued at about $5,493,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Trinity Capital by 203.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 545,047 shares of the company’s stock valued at $7,986,000 after purchasing an additional 365,193 shares in the last quarter. Institutional investors own 24.62% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.