Kyle Steven Brown Purchases 3,513 Shares of Trinity Capital Inc. (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) CEO Kyle Steven Brown bought 3,513 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $14.22 per share, with a total value of $49,954.86. Following the transaction, the chief executive officer now directly owns 55,332 shares in the company, valued at approximately $786,821.04. This trade represents a 6.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Trinity Capital Stock Up 0.7%

Shares of NASDAQ TRIN traded up $0.11 on Friday, hitting $14.84. The company had a trading volume of 590,378 shares, compared to its average volume of 531,766. The firm has a market capitalization of $959.42 million, a P/E ratio of 8.68 and a beta of 0.57. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. 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 business has a 50 day moving average of $14.81 and a two-hundred day moving average of $14.85.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its 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 during 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%. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 annualized dividend and a yield of 13.75%. Trinity Capital's dividend payout ratio is 93.15%.

Institutional Investors Weigh In On Trinity Capital

Several large investors have recently modified their holdings of TRIN. Farther Finance Advisors LLC bought a new position in Trinity Capital in the 1st quarter valued at $38,000. PNC Financial Services Group Inc. acquired a new stake in shares of Trinity Capital in the 1st quarter valued at about $45,000. Quarry LP raised its stake in shares of Trinity Capital by 194.8% in the 1st quarter. Quarry LP now owns 4,442 shares of the company's stock valued at $67,000 after purchasing an additional 2,935 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Trinity Capital in the fourth quarter valued at about $101,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Trinity Capital in the fourth quarter valued at about $124,000. 24.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target 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. B. Riley began coverage on shares of Trinity Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $16.00 target price on the stock. UBS Group lowered their target price on Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company cut their target price on Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Monday, April 28th.

About Trinity Capital

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.