Kyle Steven Brown Buys 3,513 Shares of Trinity Capital Inc. (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown purchased 3,513 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $14.22 per share, with a total value of $49,954.86. Following the completion of the purchase, the chief executive officer now directly owns 55,332 shares of the company’s stock, valued at approximately $786,821.04. This represents a 6.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Trinity Capital Trading Down 0.3%

NASDAQ TRIN opened at $14.76 on Thursday. Trinity Capital Inc. has a twelve month low of $12.50 and a twelve month high of $16.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $954.29 million, a price-to-earnings ratio of 8.63 and a beta of 0.57. The firm’s 50 day moving average price is $14.86 and its two-hundred day moving average price is $14.82.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $67.67 million. Equities analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 13.82%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital’s payout ratio is presently 93.15%.

Analysts Set New Price Targets

TRIN has been the topic of a number of recent research reports. UBS Group cut their target price on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company lowered 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 note on Monday, April 28th. Keefe, Bruyette & Woods lowered 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 note on Thursday, May 8th. Finally, B. Riley started coverage on Trinity Capital in a report on Tuesday. They issued a “buy” rating and a $16.00 price target on the stock.

Institutional Investors Weigh In On Trinity Capital

Several institutional investors and hedge funds have recently modified their holdings of TRIN. Van ECK Associates Corp lifted its position in Trinity Capital by 6.8% during the 4th quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company’s stock worth $20,110,000 after acquiring an additional 88,698 shares during the last quarter. Melia Wealth LLC increased its stake in Trinity Capital by 0.6% in the first quarter. Melia Wealth LLC now owns 1,103,949 shares of the company’s stock valued at $16,736,000 after acquiring an additional 6,980 shares during the period. Rockefeller Capital Management L.P. increased its stake in Trinity Capital by 9.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 843,849 shares of the company’s stock valued at $12,211,000 after acquiring an additional 71,633 shares during the period. Ares Management LLC increased its stake in Trinity Capital by 25.0% in the fourth quarter. Ares Management LLC now owns 549,839 shares of the company’s stock valued at $7,956,000 after acquiring an additional 109,839 shares during the period. Finally, Round Rock Advisors LLC grew its stake in Trinity Capital by 178.2% during the first 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 last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

About Trinity Capital

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.