Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown Purchases 3,200 Shares

Key Points

• Kyle Steven Brown, CEO of Trinity Capital Inc., purchased 3,200 shares at an average price of $15.78, increasing his total holdings to over 1 million shares valued at approximately $15.88 million.
• Trinity Capital reported earnings of $0.53 per share for the last quarter, exceeding analyst estimates, with revenue reaching $69.48 million.
• The company announced a quarterly dividend of $0.51 per share, representing an annualized yield of 12.9% and a payout ratio of 91.48%.

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) CEO Kyle Steven Brown acquired 3,200 shares of the business's stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $15.78 per share, with a total value of $50,496.00. Following the completion of the acquisition, the chief executive officer owned 1,006,300 shares in the company, valued at approximately $15,879,414. This represents a 0.32% 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 hyperlink.

Trinity Capital Stock Performance

NASDAQ TRIN traded down $0.15 on Friday, hitting $15.95. 512,621 shares of the stock were exchanged, compared to its average volume of 672,874. The stock has a fifty day moving average price of $14.76 and a two-hundred day moving average price of $14.99. The firm has a market capitalization of $1.12 billion, a P/E ratio of 7.15 and a beta of 0.54. 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 released its earnings results on Wednesday, August 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Trinity Capital had a return on equity of 15.72% and a net margin of 51.88%. The business had revenue of $69.48 million during the quarter, compared to the consensus estimate of $68.84 million. Sell-side analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 12.8%. The ex-dividend date was Monday, June 30th. Trinity Capital's payout ratio is presently 91.48%.

Analyst Ratings Changes

A number of research firms recently weighed in on TRIN. Keefe, Bruyette & Woods cut their target price on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company reissued an "underweight" rating and issued a $13.50 target price (up from $13.00) on shares of Trinity Capital in a report on Tuesday. UBS Group raised their target price on shares of Trinity Capital from $17.00 to $17.50 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, B. Riley lifted their price objective on shares of Trinity Capital from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th.

Institutional Trading of Trinity Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Trinity Capital by 36.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the company's stock valued at $222,000 after acquiring an additional 3,706 shares in the last quarter. Naviter Wealth LLC bought a new stake in shares of Trinity Capital in the first quarter valued at about $294,000. D.A. Davidson & CO. bought a new stake in shares of Trinity Capital in the first quarter valued at about $160,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Trinity Capital by 10.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,478 shares of the company's stock valued at $204,000 after acquiring an additional 1,305 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Trinity Capital by 90.0% in the first quarter. Oppenheimer & Co. Inc. now owns 26,312 shares of the company's stock valued at $399,000 after acquiring an additional 12,460 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.

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.