Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes Buys 1,000 Shares

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald E. Estes bought 1,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $14.35 per share, for a total transaction of $14,350.00. Following the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trinity Capital Price Performance

NASDAQ:TRIN traded down $0.05 during trading hours on Thursday, reaching $14.52. 555,444 shares of the company were exchanged, compared to its average volume of 549,291. The company has a market capitalization of $938.73 million, a P/E ratio of 8.49 and a beta of 0.55. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. 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 business has a 50 day moving average of $14.41 and a 200 day moving average of $14.92.

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

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 14.05%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital's payout ratio is presently 93.15%.

Institutional Investors Weigh In On Trinity Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIN. Farther Finance Advisors LLC bought a new stake in Trinity Capital during the first quarter worth $38,000. PNC Financial Services Group Inc. bought a new stake in Trinity Capital during the first quarter worth $45,000. Quarry LP lifted its stake in Trinity Capital by 194.8% during the first quarter. Quarry LP now owns 4,442 shares of the company's stock worth $67,000 after purchasing an additional 2,935 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Trinity Capital during the first quarter worth $108,000. Finally, Aquatic Capital Management LLC bought a new stake in Trinity Capital during the fourth quarter worth $124,000. 24.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TRIN. UBS Group decreased their target price on Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company decreased their target price on Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. Finally, B. Riley initiated coverage on Trinity Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.00 price target on the stock.

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.