Insider Buying: Trinity Capital (NASDAQ:TRIN) CEO Buys 3,532 Shares of Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown bought 3,532 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of $14.16 per share, for a total transaction of $50,013.12. Following the acquisition, the chief executive officer directly owned 620,709 shares in the company, valued at $8,789,239.44. The trade was a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Kyle Steven Brown also recently made the following trade(s):

• On Monday, March 2nd, Kyle Steven Brown purchased 3,333 shares of Trinity Capital stock. The shares were bought at an average price of $14.90 per share, with a total value of $49,661.70.

Trinity Capital Stock Performance

TRIN traded up $0.41 during midday trading on Tuesday, reaching $14.59. 1,639,917 shares of the company were exchanged, compared to its average volume of 1,510,432. The company’s fifty day moving average price is $15.66 and its 200 day moving average price is $15.36. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 7.44 and a beta of 0.56. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $17.20.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $79.83 million. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%. As a group, sell-side analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 14.0%. Trinity Capital’s dividend payout ratio (DPR) is 104.08%.

More Trinity Capital News

Here are the key news stories impacting Trinity Capital this week:

• Positive Sentiment: Large insider purchases: the chairman (Steve L. Brown) bought 27,109 shares (~$400k) and the CEO and a director also made small buys this week — a sign management confidence and likely a key bullish catalyst. Chairman SEC Filing CEO SEC Filing Director SEC Filing
• Positive Sentiment: Strategic JV: Trinity and Capital Southwest formed a 50/50 joint venture with $100M committed ($50M each) to invest in first-out senior secured debt in the lower middle market — expands deal flow and adds a scaled co-investment capability. PR Newswire: JV Announcement
• Positive Sentiment: Institutional & analyst backdrop: several buy/strong-buy analyst stances and recent increases in institutional holdings suggest ongoing support from professional investors (consensus price target ~$16.29), which can underpin the stock. MarketBeat: Analyst & Institutional Note
• Neutral Sentiment: Dividend announced: monthly dividend of $0.17 (annualized yield ~14.4%) payable March 31 — attractive to income buyers but already reflected in recent trading given the ex-dividend timing. MarketBeat: Dividend & Payout Details
• Negative Sentiment: Dividend sustainability concern: the stated payout ratio is above 100% (≈104%), raising questions about sustainability of the high yield and potential pressure on future payouts or net asset growth. MarketBeat: Payout Ratio
• Negative Sentiment: Mixed quarterly results: Trinity beat EPS narrowly but revenue missed materially versus estimates (reported revenue well below consensus), which is a caution for growth and credit-portfolio trends that investors monitor. MarketBeat: Earnings Summary
• Negative Sentiment: Options activity: an unusual spike in put-option volume (6,512 puts, +1,004% vs typical) indicates some traders are positioning for downside or hedging — a short-term bearish signal.

Institutional Investors Weigh In On Trinity Capital

Institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its position in shares of Trinity Capital by 4,587.0% during the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after acquiring an additional 1,126,709 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Trinity Capital by 58,959.3% in the fourth quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock worth $15,318,000 after purchasing an additional 943,348 shares during the last quarter. Eagle Point Credit Management LLC purchased a new stake in Trinity Capital in the fourth quarter valued at approximately $10,657,000. Two Sigma Investments LP raised its stake in Trinity Capital by 83.5% in the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after purchasing an additional 448,626 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in Trinity Capital during the fourth quarter valued at approximately $5,493,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRIN. Noble Financial assumed coverage on Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating for the company. Loop Capital set a $17.00 target price on shares of Trinity Capital in a research note on Thursday, December 11th. Citigroup reissued an “outperform” rating on shares of Trinity Capital in a research report on Tuesday, January 27th. Clear Str raised shares of Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Capital One Financial set a $17.00 price objective on Trinity Capital in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.29.

About Trinity Capital

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.