Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) Stock Price Down 0.1% – What’s Next?

Shares of Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) traded down 0.1% during trading on Friday . The company traded as low as $25.43 and last traded at $25.46. 1,430 shares traded hands during trading, a decline of 83% from the average session volume of 8,251 shares. The stock had previously closed at $25.49.

Trinity Capital Inc. 7.875% Notes due 2029 Stock Performance

The business’s 50-day moving average is $25.28 and its 200-day moving average is $25.35.

Trinity Capital Inc. 7.875% Notes due 2029 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a dividend of $0.4922 per share. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, December 15th.

Hedge Funds Weigh In On Trinity Capital Inc. 7.875% Notes due 2029

An institutional investor recently bought a new position in Trinity Capital Inc. 7.875% Notes due 2029 stock. Karpus Management Inc. purchased a new position in Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,225 shares of the company’s stock, valued at approximately $31,000.

Trinity Capital Inc 7.875% Notes due 2029 (NASDAQ: TRINZ) are senior unsecured notes issued by Trinity Capital Inc, a publicly traded business development company. The notes bear a fixed annual interest rate of 7.875% payable quarterly and mature in 2029, offering investors a steady income stream backed by the company’s diversified financing portfolio.

Trinity Capital Inc operates under the Investment Company Act of 1940 and specializes in providing customized debt solutions to growth-stage, venture-backed companies across North America.