Trinity Capital Inc. (TRIN) To Go Ex-Dividend on August 14th

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, June 17th. Investors of record on Friday, August 14th will be paid a dividend of 0.17 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Friday, August 14th.

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 fall. Equities 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 Price Performance

Shares of TRIN stock opened at $16.83 on Friday. Trinity Capital has a one year low of $13.76 and a one year high of $17.38. The stock has a fifty day moving average price of $16.51 and a 200 day moving average price of $15.74. The stock has a market cap of $1.51 billion, a P/E ratio of 8.90 and a beta of 0.62.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 $51.37 million for the quarter, compared to analyst estimates of $85.87 million. Equities research analysts anticipate that Trinity Capital will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP grew its holdings in shares of Trinity Capital by 4,587.0% in the 3rd 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 last quarter. Sound Income Strategies LLC increased its position in shares of Trinity Capital by 58,959.2% during the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock worth $15,318,000 after purchasing an additional 943,348 shares in the last quarter. Eagle Point Credit Management LLC bought a new position in Trinity Capital during the 4th quarter valued at about $10,657,000. Two Sigma Investments LP lifted its holdings in Trinity Capital by 83.5% during the 3rd quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after purchasing an additional 448,626 shares during the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in Trinity Capital in the fourth quarter valued at about $5,493,000. 24.62% of the stock is owned by institutional investors.

About Trinity Capital

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.