Trinity Capital Inc. (NASDAQ:TRIN) Director Richard P. Hamada Sells 3,335 Shares

Trinity Capital Inc. (NASDAQ:TRIN) Director Richard P. Hamada sold 3,335 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $14.90, for a total value of $49,691.50. Following the transaction, the director now owns 93,735 shares in the company, valued at approximately $1,396,651.50. This trade represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Trinity Capital Trading Down 0.2%

NASDAQ TRIN traded down $0.03 during mid-day trading on Tuesday, reaching $14.95. 411,804 shares of the stock were exchanged, compared to its average volume of 531,544. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $966.53 million, a P/E ratio of 8.74 and a beta of 0.57. The stock has a 50 day simple moving average of $14.80 and a 200-day simple moving average of $14.86. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). The company had revenue of $65.39 million for the quarter, compared to the consensus estimate of $67.67 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. On average, analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 annualized dividend and a dividend yield of 13.65%. Trinity Capital’s dividend payout ratio is presently 93.15%.

Institutional Investors Weigh In On Trinity Capital

Several hedge funds and other institutional investors have recently modified their holdings of TRIN. Trust Co. of Vermont acquired a new stake in shares of Trinity Capital in the 4th quarter worth about $101,000. Cornerstone Wealth Management LLC raised its stake in shares of Trinity Capital by 5.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company’s stock worth $349,000 after purchasing an additional 1,302 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Trinity Capital by 27.2% in the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after purchasing an additional 2,100 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Trinity Capital during the fourth quarter valued at approximately $162,000. Finally, Chicago Partners Investment Group LLC grew its holdings in Trinity Capital by 31.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company’s stock worth $1,261,000 after buying an additional 21,154 shares in the last quarter. Institutional investors own 24.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TRIN shares. B. Riley initiated coverage on Trinity Capital in a report on Tuesday, May 13th. They set a “buy” rating and a $16.00 price objective for the company. Wells Fargo & Company reduced their target price on Trinity Capital from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. UBS Group lowered their target price on Trinity Capital from $18.00 to $16.50 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their target price on Trinity Capital from $16.00 to $15.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th.

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.