This ETF Invests in Firms with Significant Insider Purchases - DVDN
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
0mins
Source: NASDAQ.COM
Insider Buying Activity: The Kingsbarn Dividend Opportunity ETF (DVDN) has 29.9% of its weighted holdings showing insider buying in the past six months.
Trinity Capital Inc (TRIN): TRIN, making up 6.80% of DVDN, has had 3 directors and officers purchase shares recently, with the ETF holding $225,758 worth of TRIN.
Angel Oak Mortgage REIT Inc (AOMR): AOMR, the #16 largest holding in DVDN, has seen 2 directors and officers file Form 4s for share purchases, with the ETF holding $136,902 worth of AOMR.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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Analyst Views on TRIN
Wall Street analysts forecast TRIN stock price to fall
6 Analyst Rating
5 Buy
0 Hold
1 Sell
Moderate Buy
Current: 17.480
Low
13.50
Averages
16.50
High
17.50
Current: 17.480
Low
13.50
Averages
16.50
High
17.50
About TRIN
Trinity Capital Inc. is an internally managed, closed-end, non-diversified management investment company that operates as a business development company. It is a specialty lending company that provides debt, including loans and equipment financings, to growth-stage companies, including venture-backed companies and companies with institutional equity investors. Its investment objective is to generate current income and capital appreciation through its investments across five vertical markets. It seeks to achieve its investment objective by making investments consisting primarily of term loans and equipment financings and working capital loans, equity and equity-related investments. Its equipment financings involve loans for general or specific use, including acquiring equipment that is secured by the equipment or other assets of the portfolio company. It targets investments in growth-stage companies that are typically private companies, including institutional investor-based companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Relations Webpage: The company will provide a live webcast of the earnings call and a replay available for 90 days on its investor relations website, ensuring investors can easily access the latest financial data and company updates, enhancing information accessibility.
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- Conference Call Details: Investors can dial (800) 267-6316 or (203) 518-9783 internationally to participate in the call, referencing Conference ID: TRINQ226, ensuring timely access to the company's latest developments and financial information.
- Replay Service: A taped replay will be available approximately two hours after the call concludes and will remain accessible until August 12, 2026, facilitating information access for investors unable to attend live, thereby strengthening communication with stakeholders.
- Investor Relations Webpage: The company will provide a live webcast of the earnings call and a replay available for 90 days on its investor relations website, ensuring investors can easily access the latest financial data and company updates, enhancing information accessibility.
See More
Trinity Capital Declares Monthly Dividend of $0.17 per Share
- Dividend Declaration: Trinity Capital has declared a monthly dividend of $0.17 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is expected to attract more income-focused investors.
- Yield Analysis: The current forward yield stands at 4.05%, providing relative attractiveness in the current market environment, potentially enhancing investor interest in the company's stock and promoting price stability.
- Payment Schedule: Dividends will be payable on July 31, August 31, and September 30, with record dates of July 15, August 14, and September 10, respectively, ensuring timely returns for shareholders.
- Bond Offering: Trinity Capital is also planning a $300 million notes offering due in 2031, which will provide additional funding support for the company, further strengthening its capital structure and investment capabilities.
See More
Trinity Capital Maintains Consistent Dividends for Over Six Years
- Dividend Stability: Trinity Capital announced a monthly dividend of $0.17 per share for July, August, and September 2026, maintaining the same distribution level as the first half of 2026, which demonstrates the company's commitment to a consistent dividend policy.
- Dividend History: The company has provided consistent or increased dividends to shareholders for over six consecutive years, reflecting its strong profitability and cash flow management, thereby enhancing investor confidence.
- Tax Compliance Objective: Trinity Capital aims to distribute regular dividends approximating 90% to 100% of its taxable quarterly income to qualify for tax treatment as a regulated investment company under the Internal Revenue Code of 1986, ensuring compliance and stability.
- Future Dividend Potential: The company may pay additional supplemental dividends in certain years to distribute all annual taxable income, further enhancing potential returns for shareholders and increasing investment attractiveness.
See More
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- Dividend Stability: Trinity Capital announced a consistent quarterly dividend of $0.17 per share for Q3 2026, maintaining the same distribution level as the first half of the year, which reflects the company's ability to provide stable or increasing dividends over the past six years, thereby boosting investor confidence.
- Dividend Payment Schedule: The dividends will be paid on July 31, August 31, and September 30, 2026, ensuring shareholders receive their returns on time, which further solidifies the company's financial stability and reliability in income distribution.
- Tax Compliance Objective: The company aims to distribute regular dividends approximating 90% to 100% of its taxable quarterly income to qualify for tax treatment as a regulated investment company under the Internal Revenue Code, ensuring compliance and optimizing tax efficiency for shareholders.
- Investment Strategy: Trinity Capital focuses on delivering consistent returns through access to private credit markets across various sectors, including equipment financing and healthcare, demonstrating its diversified investment portfolio and potential for growth in multiple lending verticals.
See More
Diverse Risk Premiums in U.S. Private Credit Market
- Risk Premium Disparity: A Reuters analysis reveals that U.S. private credit firms are facing diverse risk premiums, with smaller lenders like BCP Investment Corp showing a weighted average option-adjusted spread (OAS) of 680 basis points, indicating market concerns over credit quality.
- Increased Market Selectivity: As borrower stress rises, investors are increasingly evaluating Business Development Companies (BDCs) based on portfolio quality and capital access, resulting in larger firms like Ares Capital maintaining spreads between 150 and 200 basis points.
- Rising Default Rates: Fitch Ratings reports that the default rate among U.S. private credit borrowers reached 6% as of April, the highest since August 2024, reflecting a deteriorating market backdrop.
- Uncertain Outlook: Analysts predict that in the coming months, due to downgrades, increased rate volatility, and heightened focus on software-as-a-service (SaaS) exposures, the bond market for BDCs will experience greater differentiation, potentially impacting investor confidence.
See More
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- Risk Premium Disparity: A Reuters analysis reveals that U.S. private credit firms are facing diverse risk premiums, with smaller lenders priced at greater risk, indicating a growing selectivity in a market under borrower stress.
- Spread Data: BCP Investment Corp recorded the highest weighted average option-adjusted spread (OAS) at 680 basis points, followed by Prospect Capital Corp at 449 bps, highlighting market concerns over varying credit quality among firms.
- Market Selectivity: The widening of spreads this year reflects investors' increasing differentiation of BDCs exposed to AI disruptions in SaaS companies, signaling a heightened focus on credit quality and funding risks.
- Rising Default Rates: Fitch Ratings reports that the default rate among U.S. private credit borrowers reached 6% over the past 12 months, the highest since August 2024, indicating a weakening backdrop for the private credit market.
See More
