Trinity Capital Inc. (NASDAQ:TRIN) Director Acquires $14,480.00 in Stock

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

Trinity Capital Stock Down 0.5%

Trinity Capital stock traded down $0.07 during mid-day trading on Friday, hitting $14.45. 578,469 shares of the company's stock were exchanged, compared to its average volume of 550,480. 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 stock has a market cap of $934.21 million, a P/E ratio of 8.45 and a beta of 0.55. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The stock has a 50 day moving average of $14.43 and a two-hundred day moving average of $14.92.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $65.39 million for the quarter, compared to analyst estimates of $67.67 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. As a group, analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

TRIN has been the topic of a number of research reports. UBS Group dropped their price target 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. Wells Fargo & Company dropped their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. B. Riley initiated coverage on shares of Trinity Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.00 price target on the stock. Finally, Keefe, Bruyette & Woods dropped 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 note on Thursday, May 8th.

Hedge Funds Weigh In On Trinity Capital

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its position in shares of Trinity Capital by 6.8% in the fourth quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock valued at $20,110,000 after purchasing an additional 88,698 shares during the last quarter. Melia Wealth LLC grew its position in shares of Trinity Capital by 0.6% in the first quarter. Melia Wealth LLC now owns 1,103,949 shares of the company's stock valued at $16,736,000 after purchasing an additional 6,980 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Trinity Capital by 9.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 843,849 shares of the company's stock valued at $12,211,000 after purchasing an additional 71,633 shares during the last quarter. Ares Management LLC grew its position in shares of Trinity Capital by 25.0% in the fourth quarter. Ares Management LLC now owns 549,839 shares of the company's stock valued at $7,956,000 after purchasing an additional 109,839 shares during the last quarter. Finally, Round Rock Advisors LLC grew its position in shares of Trinity Capital by 178.2% in the first quarter. Round Rock Advisors LLC now owns 532,931 shares of the company's stock valued at $8,079,000 after purchasing an additional 341,343 shares during the last quarter. 24.62% of the stock is owned by institutional investors and hedge funds.

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.