Trinity Capital (NASDAQ:TRIN) CEO Kyle Steven Brown Buys 6,920 Shares of Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown bought 6,920 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $14.44 per share, with a total value of $99,924.80. Following the completion of the purchase, the chief executive officer directly owned 997,033 shares in the company, valued at $14,397,156.52. This trade represents a 0.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Trinity Capital Stock Down 0.4%

Shares of TRIN stock traded down $0.06 on Thursday, reaching $14.87. 101,010 shares of the stock were exchanged, compared to its average volume of 692,506. The firm has a 50 day moving average of $15.36 and a two-hundred day moving average of $15.03. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The stock has a market cap of $1.12 billion, a P/E ratio of 6.78 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $75.55 million for the quarter, compared to analyst estimates of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. On average, equities research analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date was Tuesday, September 30th. Trinity Capital’s dividend payout ratio is 93.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRIN. Wells Fargo & Company restated an “underweight” rating and issued a $13.50 target price (up from $13.00) on shares of Trinity Capital in a report on Tuesday, August 12th. UBS Group dropped their target price on Trinity Capital from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, B. Riley upped their price target on Trinity Capital from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Trinity Capital presently has a consensus rating of “Hold” and an average price target of $15.63.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in shares of Trinity Capital during the 2nd quarter valued at approximately $32,000. PNC Financial Services Group Inc. bought a new position in shares of Trinity Capital during the first quarter valued at $45,000. MCF Advisors LLC purchased a new position in shares of Trinity Capital in the 3rd quarter worth about $52,000. Allworth Financial LP purchased a new stake in Trinity Capital during the 2nd quarter valued at about $53,000. Finally, JPMorgan Chase & Co. bought a new stake in Trinity Capital during the 2nd quarter valued at about $54,000. 24.62% of the stock is owned by institutional investors and hedge funds.

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.