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Video: What is a Stock Split?
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Trinity Capital is a provider of debt, including loans and equipment financing, to growth stage companies, including venture-backed companies and companies with institutional equity investors. Co.'s investment objective is to generate income and, to a lesser extent, capital appreciation through investments consisting of term loans and equipment financings and, to a lesser extent, working capital loans, equity and equity-related investments. According to our TRIN split history records, Trinity Capital has had 1 split. | |
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Trinity Capital (TRIN) has 1 split in our TRIN split history database. The split for TRIN took place on April 17, 2008. This was a 100 for 625 reverse split, meaning for each 625 shares of TRIN owned pre-split, the shareholder now owned 100 shares. For example, a 1000 share position pre-split, became a 160 share position following the split.
When a company such as Trinity Capital conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the TRIN split history from start to finish, an original position size of 1000 shares would have turned into 160 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Trinity Capital shares, starting with a $10,000 purchase of TRIN, presented on a split-history-adjusted basis factoring in the complete TRIN split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
01/29/2021 |
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End date: |
04/17/2024 |
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Start price/share: |
$15.00 |
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End price/share: |
$14.16 |
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Starting shares: |
666.67 |
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Ending shares: |
1,024.79 |
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Dividends reinvested/share: |
$6.14 |
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Total return: |
45.11% |
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Average Annual Total Return: |
12.28% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,509.64 |
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Years: |
3.21 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/29/2021 |
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End date: |
04/17/2024 |
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Start price/share: |
$15.00 |
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End price/share: |
$14.16 |
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Dividends collected/share: |
$6.14 |
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Total return: |
35.33% |
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Average Annual Total Return: |
9.87% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,532.35 |
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Years: |
3.21 |
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Date |
Ratio |
04/17/2008 | 100 for 625 |
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