Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) CEO Kyle Steven Brown purchased 3,513 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $14.22 per share, with a total value of $49,954.86. Following the purchase, the chief executive officer now owns 55,332 shares of the company's stock, valued at approximately $786,821.04. This trade represents a 6.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Trinity Capital Price Performance
Trinity Capital stock opened at $14.59 on Tuesday. The stock's 50 day moving average price is $14.90 and its two-hundred day moving average price is $14.82. The stock has a market capitalization of $943.30 million, a price-to-earnings ratio of 8.53 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital Inc. has a 52-week low of $12.50 and a 52-week high of $16.82.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.01). Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The company had revenue of $65.39 million during the quarter, compared to analyst estimates of $67.67 million. On average, equities analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current year.
Trinity Capital Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.51 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.04 annualized dividend and a dividend yield of 13.98%. Trinity Capital's dividend payout ratio is presently 93.15%.
Wall Street Analysts Forecast Growth
TRIN has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price target on shares of 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.
Check Out Our Latest Report on TRIN
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TRIN. Eagle Global Advisors LLC acquired a new stake in Trinity Capital in the first quarter valued at approximately $323,000. Entropy Technologies LP bought a new position in shares of Trinity Capital in the 1st quarter worth $182,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Trinity Capital by 10.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 97,396 shares of the company's stock worth $1,347,000 after purchasing an additional 9,085 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in Trinity Capital in the 1st quarter valued at $45,000. Finally, XTX Topco Ltd bought a new stake in Trinity Capital during the 1st quarter valued at $493,000. 24.62% of the stock is owned by institutional investors and hedge funds.
Trinity Capital Company Profile
(
Get Free Report)
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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