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Trinity Capital Stock Up 1.8% on Announcement of Share Repurchase Plan
TRINTrinity Capital (TRIN) ZACKS·2024-11-08 23:05

Trinity Capital Inc. (TRIN) shares rose 1.8% in after-hours trading following the announcement of a new share repurchase program on Thursday.TRIN’s board of directors authorized a share buyback plan worth $30 million. The program is set to expire earlier of either Nov. 7, 2025, or full utilization of the authorization.The company noted that it can “take advantage of situations where the Company's management believes share repurchases would be advantageous to the Company and to its shareholders.”Earlier, in ...