Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,829 shares, a decrease of 48.9% from the April 30th total of 3,582 shares. Based on an average daily trading volume, of 10,595 shares, the short-interest ratio is presently 0.2 days.
Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance
TRINI traded up $0.06 during trading on Monday, reaching $25.44. 2,997 shares of the company’s stock were exchanged, compared to its average volume of 12,790. The company’s fifty day moving average price is $25.24 and its 200-day moving average price is $25.37. Trinity Capital Inc. – 7.875% Notes Due 2029 has a fifty-two week low of $24.90 and a fifty-two week high of $25.74.
Trinity Capital Inc. – 7.875% Notes Due 2029 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Sunday, March 15th were issued a $0.4922 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.97 annualized dividend and a yield of 7.7%.
Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.
Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.
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