Trinity Capital Inc. Declares Monthly Dividend of $0.17 (NASDAQ:TRIN)

Trinity Capital Inc. (NASDAQ:TRIN) declared a monthly dividend on Wednesday, March 18th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.17 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date of this dividend is Friday, May 15th.

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 $2.11 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 Price Performance

Trinity Capital stock opened at $14.56 on Thursday. The business has a 50 day simple moving average of $15.64 and a 200 day simple moving average of $15.35. The company has a market capitalization of $1.21 billion, a PE ratio of 7.43 and a beta of 0.55. Trinity Capital has a one year low of $12.50 and a one year high of $17.20.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The firm had revenue of $58.89 million for the quarter, compared to analysts’ expectations of $79.83 million. Equities analysts anticipate that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

Insider Transactions at Trinity Capital

In related news, Chairman Steve Louis Brown bought 27,109 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $14.75 per share, with a total value of $399,857.75. Following the completion of the purchase, the chairman owned 940,745 shares in the company, valued at approximately $13,875,988.75. The trade was a 2.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kyle Steven Brown bought 3,532 shares of Trinity Capital stock in a transaction dated Monday, March 16th. The shares were bought at an average price of $14.16 per share, for a total transaction of $50,013.12. Following the completion of the transaction, the chief executive officer directly owned 620,709 shares of the company’s stock, valued at $8,789,239.44. This represents a 0.57% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 37,682 shares of company stock valued at $553,902. Insiders own 5.31% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRIN. Marshall Wace LLP lifted its holdings in Trinity Capital by 4,587.0% during the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after buying an additional 1,126,709 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Trinity Capital by 58,959.3% in the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock valued at $15,318,000 after buying an additional 943,348 shares during the period. Eagle Point Credit Management LLC acquired a new position in shares of Trinity Capital during the fourth quarter valued at $10,657,000. Two Sigma Investments LP lifted its stake in shares of Trinity Capital by 83.5% during the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after acquiring an additional 448,626 shares during the period. Finally, Closed End Fund Advisors Inc. bought a new position in Trinity Capital in the fourth quarter valued at about $5,493,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

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.