Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) Trading Down 0.1% – Time to Sell?

Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ)’s share price dropped 0.1% during mid-day trading on Friday . The company traded as low as $25.43 and last traded at $25.46. Approximately 1,430 shares changed hands during trading, a decline of 83% from the average daily volume of 8,251 shares. The stock had previously closed at $25.49.

Trinity Capital Inc. 7.875% Notes due 2029 Stock Performance

The company’s 50 day moving average is $25.28 and its 200-day moving average is $25.35.

Trinity Capital Inc. 7.875% Notes due 2029 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.4922 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.97 annualized dividend and a dividend yield of 7.7%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Trinity Capital Inc. 7.875% Notes due 2029 stock. Karpus Management Inc. acquired a new stake in Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,225 shares of the company’s stock, valued at approximately $31,000.

Trinity Capital Inc 7.875% Notes due 2029 (NASDAQ: TRINZ) are senior unsecured notes issued by Trinity Capital Inc, a publicly traded business development company. The notes bear a fixed annual interest rate of 7.875% payable quarterly and mature in 2029, offering investors a steady income stream backed by the company’s diversified financing portfolio.

Trinity Capital Inc operates under the Investment Company Act of 1940 and specializes in providing customized debt solutions to growth-stage, venture-backed companies across North America.