Trinity Capital (NASDAQ:TRIN) CEO Kyle Steven Brown Purchases 2,296 Shares of Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown bought 2,296 shares of Trinity Capital stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $18.04 per share, with a total value of $41,419.84. Following the completion of the purchase, the chief executive officer directly owned 612,262 shares of the company’s stock, valued at approximately $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 available at this hyperlink.

Trinity Capital Stock Down 1.4%

TRIN stock opened at $18.18 on Wednesday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.62 and a beta of 0.61. Trinity Capital Inc. has a 12 month low of $14.13 and a 12 month high of $18.46. The firm has a 50 day moving average of $17.41 and a two-hundred day moving average of $16.34.

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s dividend payout ratio is 116.57%.

Analysts Set New Price Targets

TRIN has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods raised their price objective on Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

Institutional Trading of Trinity Capital

Several institutional investors have recently made changes to their positions in TRIN. Van ECK Associates Corp lifted its stake in Trinity Capital by 2.2% during the fourth quarter. Van ECK Associates Corp now owns 1,785,503 shares of the company’s stock worth $26,158,000 after purchasing an additional 39,286 shares during the period. Sound Income Strategies LLC grew its stake in shares of Trinity Capital by 9.4% in the 2nd quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company’s stock valued at $22,716,000 after purchasing an additional 109,291 shares during the period. Melia Wealth LLC grew its stake in shares of Trinity Capital by 1.2% in the 4th quarter. Melia Wealth LLC now owns 1,193,518 shares of the company’s stock valued at $17,485,000 after purchasing an additional 14,222 shares during the period. Marshall Wace LLP raised its holdings in shares of Trinity Capital by 4,587.0% in the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after buying an additional 1,126,709 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Trinity Capital by 28.8% in the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock worth $15,220,000 after buying an additional 232,031 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

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.