Trinity Capital Inc. (NASDAQ:TRIN) Director Buys $14,350.00 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of $14.35 per share, for a total transaction of $14,350.00. Following the transaction, the director now directly owns 26,636 shares of the company’s stock, valued at approximately $382,226.60. The trade was a 3.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trinity Capital Trading Down 0.2%

NASDAQ:TRIN opened at $14.57 on Thursday. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $16.82. The firm has a 50-day moving average price of $14.39 and a two-hundred day moving average price of $14.92. The firm has a market cap of $941.97 million, a price-to-earnings ratio of 8.52 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The company had revenue of $65.39 million for the quarter, compared to the consensus estimate of $67.67 million. On average, equities analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.00%. The ex-dividend date was Monday, March 31st. Trinity Capital’s dividend payout ratio is currently 93.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TRIN. Round Rock Advisors LLC boosted its holdings in Trinity Capital by 178.2% in the 1st quarter. Round Rock Advisors LLC now owns 532,931 shares of the company’s stock worth $8,079,000 after buying an additional 341,343 shares during the period. LPL Financial LLC boosted its holdings in Trinity Capital by 689.7% in the 1st quarter. LPL Financial LLC now owns 372,983 shares of the company’s stock worth $5,654,000 after buying an additional 325,753 shares during the period. Wells Fargo & Company MN boosted its holdings in Trinity Capital by 652.3% in the 4th quarter. Wells Fargo & Company MN now owns 243,414 shares of the company’s stock worth $3,522,000 after buying an additional 211,060 shares during the period. Trexquant Investment LP boosted its holdings in Trinity Capital by 421.3% in the 4th quarter. Trexquant Investment LP now owns 225,710 shares of the company’s stock worth $3,266,000 after buying an additional 182,414 shares during the period. Finally, GraniteShares Advisors LLC bought a new position in Trinity Capital in the 4th quarter worth approximately $2,469,000. 24.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRIN. UBS Group cut their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. B. Riley began coverage on shares of Trinity Capital in a research report on Tuesday, May 13th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Trinity Capital from $16.00 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.