Insider Buying: Trinity Capital (NASDAQ:TRIN) CEO Acquires 3,215 Shares of Stock

Key Points

• CEO Kyle Brown bought 3,215 Trinity Capital shares at an average of $18.04 apiece, spending about $58,000. His holdings increased 0.49% to 654,878 shares.
• Trinity Capital announced a monthly dividend of $0.17 per share, equivalent to $2.04 annually and an indicated yield of 11.5%; its payout ratio is 110.27%.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $17.58. Recent targets range from $16 at Wells Fargo to $20 at B. Riley.

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) CEO Kyle Brown purchased 3,215 shares of the firm's stock in a transaction on Wednesday, November 11th. The stock was acquired at an average price of $18.04 per share, for a total transaction of $57,998.60. Following the transaction, the chief executive officer owned 654,878 shares of the company's stock, valued at $11,813,999.12. The trade was a 0.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN traded down $0.17 during trading on Friday, hitting $17.70. The company had a trading volume of 702,823 shares, compared to its average volume of 1,122,214. The company has a market cap of $1.75 billion, a P/E ratio of 9.37 and a beta of 0.66. Trinity Capital Inc. has a 52 week low of $14.13 and a 52 week high of $18.90. The business's 50-day moving average is $17.36 and its 200 day moving average is $16.76.

Trinity Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Friday, December 11th. Trinity Capital's payout ratio is presently 110.27%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Trust Co. of Vermont purchased a new stake in Trinity Capital in the 2nd quarter worth approximately $25,000. Burk Holdings LLC acquired a new stake in shares of Trinity Capital during the 2nd quarter valued at $32,000. Sunbelt Securities Inc. purchased a new position in shares of Trinity Capital during the 1st quarter valued at $37,000. Fifth Third Bancorp purchased a new position in shares of Trinity Capital during the 1st quarter valued at $37,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Trinity Capital during the 3rd quarter valued at $64,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. B. Riley Financial reaffirmed a "buy" rating and set a $20.00 target price (up from $19.00) on shares of Trinity Capital in a report on Friday, November 6th. Keefe, Bruyette & Woods boosted their price objective on Trinity Capital from $16.50 to $18.00 and gave the stock a "market perform" rating in a report on Thursday, November 5th. Finally, Wells Fargo & Company upped their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.58.

Trinity Capital Company Profile

Trinity Capital Inc. is a specialty finance company and business development company that provides debt financing to growth-stage businesses, particularly companies backed by venture capital. It focuses on businesses that may need capital to expand but have limited access to traditional bank financing. The company offers financing solutions including venture debt, equipment loans and leases, and other forms of growth capital. Its borrowers operate in sectors such as technology, life sciences, healthcare, and other innovation-focused industries.

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