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

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, September 16th. Shareholders of record on Friday, December 11th will be given a dividend of 0.17 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Friday, December 11th.

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. Research 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 Up 2.4%

Shares of TRIN opened at $18.02 on Friday. The stock has a market capitalization of $1.71 billion, a P/E ratio of 9.54 and a beta of 0.61. Trinity Capital has a twelve month low of $14.13 and a twelve month high of $18.90. The company has a 50 day moving average of $17.99 and a 200-day moving average of $16.78.

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

Insider Activity at Trinity Capital

In related news, CEO Kyle Brown acquired 2,296 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $18.04 per share, with a total value 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 $11,045,206.48. This trade represents a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.25% of the stock is currently owned by corporate insiders.

Institutional Trading of Trinity Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Exeter Financial LLC grew its stake in Trinity Capital by 6.6% in the 1st quarter. Exeter Financial LLC now owns 11,589 shares of the company’s stock valued at $170,000 after buying an additional 717 shares during the last quarter. Values First Advisors Inc. lifted its position in Trinity Capital by 6.0% during the first quarter. Values First Advisors Inc. now owns 18,441 shares of the company’s stock worth $271,000 after acquiring an additional 1,047 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Trinity Capital by 6.6% during the first quarter. Geneos Wealth Management Inc. now owns 17,312 shares of the company’s stock worth $255,000 after acquiring an additional 1,079 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Trinity Capital during the second quarter worth approximately $25,000. Finally, Empowered Funds LLC boosted its holdings in shares of Trinity Capital by 10.5% during the first quarter. Empowered Funds LLC now owns 16,877 shares of the company’s stock worth $248,000 after acquiring an additional 1,601 shares during the period. Institutional investors own 24.62% of the company’s stock.

About Trinity Capital

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.