Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Trading 0.4% Higher – Time to Buy?

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI)’s stock price was up 0.4% during mid-day trading on Wednesday . The company traded as high as $25.09 and last traded at $25.05. Approximately 7,553 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 14,304 shares. The stock had previously closed at $24.95.

Trinity Capital Inc. – 7.875% Notes Due 2029 Trading Up 0.4%

The company has a fifty day moving average price of $25.34 and a 200-day moving average price of $25.37.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Sunday, March 15th were given a $0.4922 dividend. This represents a $1.97 annualized dividend and a yield of 7.9%. The ex-dividend date was Friday, March 13th.

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.