Trinity Capital Inc. (OTCMKTS:TRIN) will issue a quarterly dividend of $0.42
Trinity Capital Inc. (OTCMKTS:TRIN – Get a rating) declared a quarterly dividend on Friday, June 17, the wall street journal reports. Shareholders of record on Thursday, June 30 will receive a dividend of 0.42 per share on Friday, July 15. This represents an annualized dividend of $1.68 and a yield of 11.72%. The ex-date of this dividend is Wednesday, June 29. This is an increase from Trinity Capital’s previous quarterly dividend of $0.40.
Shares of OTCMKTS TRIN rose $0.06 during Friday’s midday session, hitting $14.33. The company had a trading volume of 409,290 shares, compared to an average volume of 129,421. The company has a leverage ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Trinity Capital has a one-year low of $14.05 and a one-year high of $20.26. The company has a market capitalization of $547.15 million, a price/earnings ratio of 8.69, a PEG ratio of 3.66 and a beta of 0.69. The company’s 50-day simple moving average is $16.50 and its 200-day simple moving average is $17.23.
Separately, insider Kyle Steven Brown acquired 3,377 shares of the company in a trade that took place on Friday, May 20. The shares were purchased at an average cost of $14.80 per share, with a total value of $49,979.60. Following the completion of the purchase, the insider now directly owns 10,177 shares of the company, valued at $150,619.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Insiders have purchased 4,002 shares of the company worth $60,720 in the past three months. Insiders hold 6.90% of the shares of the company.
Several institutional investors have recently bought and sold shares of TRIN. JPMorgan Chase & Co. bought a new stake in Trinity Capital in the fourth quarter worth about $25,000. Morgan Stanley increased its stake in Trinity Capital by 3,677.0% in the third quarter. Morgan Stanley now owns 2,795 shares of the company worth $45,000 after buying 2,721 more shares in the last quarter. Bank of America Corp DE bought a new stake in Trinity Capital in the fourth quarter worth about $59,000. Royal Bank of Canada increased its stake in Trinity Capital by 27,469.2% in the first quarter. Royal Bank of Canada now owns 7,168 shares of the company worth $138,000 after buying an additional 7,142 shares last quarter. Finally, Citadel Advisors LLC purchased a new stake in Trinity Capital in the second quarter worth approximately $160,000. 28.07% of the shares are currently held by institutional investors.
Separately, B. Riley reiterated a “buy” rating and issued a target price of $20.50 (from $19.50 previously) on Trinity Capital shares in a Monday, February 28 research report.
Trinity Capital Company Profile (Get a rating)
Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt for growth-stage companies seeking loans and/or equipment financing. Trinity Capital Inc was founded in 2019 and is based in Phoenix, Arizona, with additional offices in Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.
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