Insider Buying: Trinity Capital Inc. (NASDAQ:TRIN) Director Purchases 1,000 Shares of Stock

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald E. Estes acquired 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $14.48 per share, for a total transaction of $14,480.00. Following the transaction, the director now directly owns 28,336 shares of the company's stock, valued at $410,305.28. This represents a 3.66% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Trinity Capital Price Performance

NASDAQ TRIN traded down $0.07 during trading hours on Monday, reaching $14.38. 810,322 shares of the stock traded hands, compared to its average volume of 551,519. The stock has a 50 day simple moving average of $14.44 and a two-hundred day simple moving average of $14.92. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $16.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market cap of $929.68 million, a price-to-earnings ratio of 8.41 and a beta of 0.55.

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

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 14.19%. Trinity Capital's dividend payout ratio (DPR) is currently 93.15%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in shares of Trinity Capital during the first quarter valued at about $38,000. PNC Financial Services Group Inc. bought a new position in shares of Trinity Capital during the first quarter valued at about $45,000. Quarry LP grew its stake 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 buying an additional 2,935 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Trinity Capital during the first quarter valued at about $108,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Trinity Capital during the fourth quarter valued at about $124,000. 24.62% of the stock is 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.