Trinity Capital (NASDAQ:TRIN) CEO Buys $41,419.84 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown purchased 2,296 shares of Trinity Capital stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $18.04 per share, for a total transaction of $41,419.84. Following the completion of the transaction, the chief executive officer owned 612,262 shares in the company, valued at $11,045,206.48. The trade was a 0.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Trinity Capital Stock Performance

Shares of TRIN stock opened at $18.42 on Friday. Trinity Capital Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $18.57. The stock has a 50 day moving average price of $17.46 and a two-hundred day moving average price of $16.36. The company has a market capitalization of $1.74 billion, a P/E ratio of 9.75 and a beta of 0.61.

Trinity Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Thursday, September 10th. Trinity Capital’s payout ratio is presently 116.57%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRIN. Keefe, Bruyette & Woods increased their price target on shares of Trinity Capital from $16.00 to $16.50 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Wells Fargo & Company boosted their price objective on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Institutional Investors Weigh In On Trinity Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont purchased a new position in shares of Trinity Capital during the second quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Trinity Capital during the fourth quarter valued at approximately $25,000. Burk Holdings LLC purchased a new stake in Trinity Capital in the second quarter worth $32,000. Flagship Harbor Advisors LLC purchased a new stake in Trinity Capital in the fourth quarter worth $27,000. Finally, Sunbelt Securities Inc. bought a new stake in Trinity Capital in the first quarter valued at $37,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

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.