Trinity Capital Inc. (NASDAQ:TRIN) Announces $0.51 Quarterly Dividend

Trinity Capital Inc. (NASDAQ:TRIN) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Thursday, January 15th will be given a dividend of 0.51 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date is Thursday, January 15th.

Trinity Capital has a dividend 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 decline. Research analysts expect Trinity Capital to earn $2.11 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 96.7%.

Trinity Capital Stock Performance

TRIN stock traded down $0.04 on Thursday, hitting $15.17. 983,252 shares of the company’s stock were exchanged, compared to its average volume of 702,079. The stock has a market cap of $1.15 billion, a P/E ratio of 6.92 and a beta of 0.53. The firm has a 50 day moving average price of $14.84 and a two-hundred day moving average price of $15.08. Trinity Capital has a 12-month low of $12.50 and a 12-month high of $16.82.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $75.55 million for the quarter, compared to the consensus estimate of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. Sell-side analysts expect that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trinity Capital news, Director Ronald E. Estes acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $14.44 per share, with a total value of $28,880.00. Following the transaction, the director owned 38,779 shares of the company’s stock, valued at $559,968.76. This trade represents a 5.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Steve Louis Brown purchased 2,137 shares of Trinity Capital stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $14.52 per share, for a total transaction of $31,029.24. Following the completion of the purchase, the chairman directly owned 820,603 shares in the company, valued at approximately $11,915,155.56. This trade represents a 0.26% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 20,157 shares of company stock worth $292,074. Insiders own 5.31% of the company’s stock.

Institutional Trading of Trinity Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRIN. Van ECK Associates Corp boosted its position in shares of Trinity Capital by 14.9% during the third quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company’s stock worth $27,032,000 after buying an additional 225,814 shares during the period. Melia Wealth LLC grew its position in Trinity Capital by 2.6% in the 3rd quarter. Melia Wealth LLC now owns 1,179,296 shares of the company’s stock valued at $18,256,000 after acquiring an additional 30,360 shares in the last quarter. Marshall Wace LLP increased its stake 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 purchasing an additional 1,126,709 shares during the period. Two Sigma Investments LP increased its stake in Trinity Capital by 83.5% during the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after purchasing an additional 448,626 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Trinity Capital by 1.9% during the second quarter. Rockefeller Capital Management L.P. now owns 895,784 shares of the company’s stock worth $12,604,000 after purchasing an additional 16,646 shares in the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.