Trinity Capital Inc. (TRIN) To Go Ex-Dividend on November 13th

Trinity Capital Inc. (NASDAQ:TRIN) announced a monthly dividend on Wednesday, September 16th. Stockholders of record on Friday, November 13th will be paid a dividend of 0.17 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, November 13th.

Trinity Capital has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 opened at $18.02 on Friday. The stock has a 50 day moving average price of $17.99 and a 200 day moving average price of $16.78. Trinity Capital has a one year low of $14.13 and a one year high of $18.90. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 9.54 and a beta of 0.61.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The firm had revenue of $87.17 million during the quarter, compared to analysts’ expectations of $91.44 million. On average, analysts predict that Trinity Capital will post 2.1 earnings per share for the current year.

Insider Activity at Trinity Capital

In related news, CEO Kyle Brown purchased 2,296 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $18.04 per share, with a total value of $41,419.84. Following the completion of the acquisition, the chief executive officer owned 612,262 shares in the company, valued at $11,045,206.48. This trade represents a 0.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.25% of the company’s stock.

Institutional Trading of Trinity Capital

Several large investors have recently added to or reduced their stakes in TRIN. Trust Co. of Vermont acquired a new position in shares of Trinity Capital during the 2nd quarter valued at about $25,000. Nomura Asset Management Co. Ltd. acquired a new stake in Trinity Capital during the fourth quarter worth about $25,000. Burk Holdings LLC purchased a new position in Trinity Capital during the second quarter worth about $32,000. Sunbelt Securities Inc. acquired a new position in Trinity Capital in the 1st quarter valued at about $37,000. Finally, Fifth Third Bancorp acquired a new position in Trinity Capital in the 1st quarter valued at about $37,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Capital Company Profile

Trinity Capital Inc is a specialty finance company that provides debt financing to venture capital-backed companies in the growth and expansion stages of their development. The company primarily serves businesses that may have limited access to traditional bank financing, offering capital designed to support product development, hiring, acquisitions, working capital and other corporate needs.

Trinity’s financing solutions include venture debt, equipment financing and other customized loans.