Insider Buying: Trinity Capital (NASDAQ:TRIN) Chairman Buys 1,585 Shares of Stock

Key Points

• Chairman Steve Louis Brown purchased 1,585 shares at an average price of $14.82 (about $23,490), raising his holdings to 407,408 shares — a 0.39% increase in ownership.
• Trinity announced a monthly dividend of $0.17 (ex-dividend Mar 13, payable Mar 31), implying a 13.8% yield but a payout ratio of 104.08%.
• Shares traded around $14.80 (down 0.6%); the company reported $0.52 EPS (beat by $0.01) while revenue missed estimates, and analysts have an average rating of "Moderate Buy" with a $16.29 price target.

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Chairman Steve Louis Brown bought 1,585 shares of the business's stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $14.82 per share, with a total value of $23,489.70. Following the purchase, the chairman owned 407,408 shares of the company's stock, valued at $6,037,786.56. This represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Steve Louis Brown also recently made the following trade(s):

• On Monday, March 9th, Steve Louis Brown purchased 518 shares of Trinity Capital stock. The shares were acquired at an average price of $14.82 per share, for a total transaction of $7,676.76.

Trinity Capital Trading Down 0.6%

Shares of TRIN traded down $0.09 during mid-day trading on Wednesday, reaching $14.80. The company's stock had a trading volume of 1,139,520 shares, compared to its average volume of 1,372,085. The stock has a market cap of $1.23 billion, a PE ratio of 7.55 and a beta of 0.55. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $17.20. The company's fifty day moving average price is $15.71 and its two-hundred day moving average price is $15.41.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $79.83 million. Trinity Capital had a net margin of 46.18% and a return on equity of 14.97%. Research analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, March 13th. Trinity Capital's dividend payout ratio (DPR) is 104.08%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRIN. Citigroup reissued an "outperform" rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Loop Capital set a $17.00 price target on Trinity Capital in a research note on Thursday, December 11th. Clear Str upgraded Trinity Capital to a "strong-buy" rating in a research report on Wednesday, February 4th. Capital One Financial set a $17.00 price objective on Trinity Capital in a research note on Thursday, December 11th. Finally, Citizens Jmp set a $17.50 target price on shares of Trinity Capital in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $16.29.

Institutional Trading of Trinity Capital

Large investors have recently modified their holdings of the business. Mutual Advisors LLC bought a new stake in shares of Trinity Capital in the 3rd quarter worth approximately $1,421,000. AWM Capital LLC raised its holdings in shares of Trinity Capital by 174.2% during the third quarter. AWM Capital LLC now owns 177,090 shares of the company's stock valued at $2,741,000 after acquiring an additional 112,507 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Trinity Capital in the second quarter worth $737,000. Allworth Financial LP purchased a new stake in Trinity Capital in the second quarter worth $53,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in Trinity Capital in the third quarter valued at $1,959,000. 24.62% of the stock is owned by institutional investors.

About Trinity Capital

Trinity Capital Corporation NASDAQ: TRIN is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.

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