Trinity Capital Inc. (NASDAQ:TRIN) Director Acquires $10,220.00 in Stock

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald E. Estes bought 700 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $10,220.00. Following the completion of the purchase, the director now directly owns 27,336 shares of the company's stock, valued at $399,105.60. The trade was a 2.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Trinity Capital Stock Down 0.5%

Trinity Capital stock traded down $0.07 during trading hours on Monday, hitting $14.38. 810,322 shares of the stock traded hands, compared to its average volume of 551,519. The firm's 50-day moving average price is $14.44 and its two-hundred day moving average price is $14.92. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The company has a market cap of $929.68 million, a PE ratio of 8.41 and a beta of 0.55. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $65.39 million for the quarter, compared to the consensus estimate of $67.67 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, research analysts forecast that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued 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 dividend yield of 14.19%. Trinity Capital's payout ratio is 93.15%.

Hedge Funds Weigh In On Trinity Capital

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in shares of Trinity Capital during the first quarter valued at approximately $38,000. PNC Financial Services Group Inc. purchased a new position in shares of Trinity Capital during the first quarter valued at approximately $45,000. Quarry LP lifted its holdings in shares of Trinity Capital by 194.8% during the first 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 last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Trinity Capital during the first quarter valued at approximately $108,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Trinity Capital during the fourth quarter valued at approximately $124,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Trinity Capital Company Profile

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.