Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald E. Estes purchased 1,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were purchased at an average price of $14.35 per share, with a total value of $14,350.00. Following the completion of the purchase, the director now directly owns 26,636 shares of the company's stock, valued at $382,226.60. The trade was a 3.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Trinity Capital Stock Up 0.8%
Shares of NASDAQ TRIN traded up $0.11 on Monday, hitting $14.65. The company had a trading volume of 981,959 shares, compared to its average volume of 545,403. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. The business has a 50 day moving average of $14.40 and a two-hundred day moving average of $14.92. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $947.14 million, a P/E ratio of 8.57 and a beta of 0.55.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). The company had revenue of $65.39 million during the quarter, compared to analysts' expectations of $67.67 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. As a group, equities research analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.
Trinity Capital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.92%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital's dividend payout ratio is currently 93.15%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in Trinity Capital by 6.8% in the fourth quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock valued at $20,110,000 after purchasing an additional 88,698 shares during the last quarter. Melia Wealth LLC lifted its holdings in Trinity Capital by 0.6% during the 1st quarter. Melia Wealth LLC now owns 1,103,949 shares of the company's stock worth $16,736,000 after buying an additional 6,980 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Trinity Capital by 9.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 843,849 shares of the company's stock worth $12,211,000 after buying an additional 71,633 shares during the last quarter. Ares Management LLC lifted its holdings in Trinity Capital by 25.0% during the 4th quarter. Ares Management LLC now owns 549,839 shares of the company's stock worth $7,956,000 after buying an additional 109,839 shares during the last quarter. Finally, Round Rock Advisors LLC lifted its holdings in Trinity Capital by 178.2% during the 1st 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. Hedge funds and other institutional investors own 24.62% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on TRIN shares. Wells Fargo & Company dropped their price target on Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. B. Riley assumed coverage on Trinity Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $16.00 price target for the company. UBS Group decreased their target price on Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their target price on Trinity Capital from $16.00 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th.
View Our Latest Report on TRIN
About Trinity Capital
(
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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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