U.S. Capital Wealth Advisors LLC Buys Shares of 21,000 Trinity Capital Inc. $TRIN

Key Points

• U.S. Capital Wealth Advisors LLC purchased 21,000 shares of Trinity Capital Inc. valued at approximately $295,000 in the second quarter, indicating strong interest from institutional investors.
• Trinity Capital recently declared a quarterly dividend of $0.51 per share, representing a 12.7% yield and reflecting a commitment to return value to shareholders.
• Trinity Capital has a current market cap of $1.13 billion with a price-to-earnings ratio of 7.20, and analysts have varying ratings on the stock with a consensus target price of $15.75.

U.S. Capital Wealth Advisors LLC bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,000 shares of the company's stock, valued at approximately $295,000.

Several other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in Trinity Capital during the 1st quarter worth approximately $38,000. PNC Financial Services Group Inc. acquired a new stake in Trinity Capital during the 1st quarter worth approximately $45,000. Quarry LP boosted its position in Trinity Capital by 194.8% during the 1st quarter. Quarry LP now owns 4,442 shares of the company's stock worth $67,000 after buying an additional 2,935 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Trinity Capital during the 1st quarter worth approximately $108,000. Finally, D.A. Davidson & CO. bought a new stake in shares of Trinity Capital in the first quarter worth $160,000. 24.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trinity Capital

In other news, CEO Kyle Steven Brown purchased 3,200 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $15.78 per share, with a total value of $50,496.00. Following the purchase, the chief executive officer owned 1,006,300 shares in the company, valued at $15,879,414. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald E. Estes purchased 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average cost of $16.07 per share, for a total transaction of $32,140.00. Following the completion of the purchase, the director owned 35,779 shares in the company, valued at $574,968.53. This trade represents a 5.92% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 7,200 shares of company stock valued at $114,856. Insiders own 5.31% of the company's stock.

Trinity Capital Price Performance

Shares of Trinity Capital stock opened at $16.05 on Friday. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82. The stock's 50-day moving average is $15.77 and its 200 day moving average is $15.03. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 7.20 and a beta of 0.54.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $69.48 million for the quarter, compared to analyst estimates of $68.84 million. Trinity Capital had a return on equity of 15.72% and a net margin of 51.88%. On average, sell-side analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Trinity Capital's payout ratio is 91.48%.

Analyst Ratings Changes

Several brokerages recently weighed in on TRIN. B. Riley boosted their price objective on shares of Trinity Capital from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. UBS Group increased their price target on Trinity Capital from $17.00 to $17.50 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $13.50 price target (up previously from $13.00) on shares of Trinity Capital in a research note on Tuesday, August 12th. Two 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $15.75.

Trinity Capital 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.

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