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

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald E. Estes acquired 700 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was bought at an average price of $14.60 per share, for a total transaction of $10,220.00. Following the completion of the acquisition, the director now owns 27,336 shares of the company's stock, valued at approximately $399,105.60. The trade was a 2.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Trinity Capital Trading Down 0.5%

Shares of TRIN stock traded down $0.07 during mid-day trading on Friday, reaching $14.45. 578,469 shares of the stock traded hands, compared to its average volume of 550,261. The stock's fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $14.92. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The company has a market cap of $934.21 million, a price-to-earnings ratio of 8.45 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its quarterly earnings results 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). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The company had revenue of $65.39 million during the quarter, compared to analyst estimates of $67.67 million. On average, research analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.51 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.04 annualized dividend and a yield of 14.12%. Trinity Capital's payout ratio is 93.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company cut 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. Keefe, Bruyette & Woods dropped 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 research report on Thursday, May 8th. UBS Group decreased their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, B. Riley started coverage on Trinity Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $16.00 target price for the company.

Institutional Investors Weigh In On Trinity Capital

Several large investors have recently added to or reduced their stakes in TRIN. Geneos Wealth Management Inc. acquired a new stake in shares of Trinity Capital in the 1st quarter valued at about $108,000. Empowered Funds LLC bought a new stake in shares of Trinity Capital in the 1st quarter worth $234,000. Goldman Sachs Group Inc. raised its holdings in shares of Trinity Capital by 609.9% in the first quarter. Goldman Sachs Group Inc. now owns 136,672 shares of the company's stock valued at $2,072,000 after purchasing an additional 117,420 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Trinity Capital during the first quarter valued at about $320,000. Finally, PharVision Advisers LLC purchased a new position in shares of Trinity Capital in the 1st quarter worth approximately $212,000. Institutional investors and hedge funds own 24.62% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.