Traders Buy Large Volume of Trinity Capital Put Options (NASDAQ:TRIN)

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 2,500 put options on the stock. This represents an increase of 551% compared to the average volume of 384 put options.

Analyst Ratings Changes

A number of research firms have recently commented on TRIN. Wells Fargo & Company reduced 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 note on Monday, April 28th. Keefe, Bruyette & Woods increased their price target on Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Finally, UBS Group lowered their price target 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.

Trinity Capital Stock Performance

Shares of Trinity Capital stock traded up $0.10 during trading on Friday, hitting $14.33. 503,577 shares of the stock were exchanged, compared to its average volume of 521,890. Trinity Capital has a 1-year low of $12.50 and a 1-year high of $16.82. The stock has a market capitalization of $900.37 million, a price-to-earnings ratio of 8.38 and a beta of 0.57. The company has a fifty day moving average price of $15.16 and a 200-day moving average price of $14.80. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The firm had revenue of $70.83 million for the quarter, compared to analyst estimates of $64.13 million. As a group, equities analysts predict that Trinity Capital 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. Shareholders of record on Monday, March 31st were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 annualized dividend and a dividend yield of 14.24%. Trinity Capital's dividend payout ratio is currently 99.03%.

Hedge Funds Weigh In On Trinity Capital

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in Trinity Capital in the 1st quarter valued at about $38,000. McIlrath & Eck LLC acquired a new stake in Trinity Capital during the 3rd quarter worth approximately $57,000. Trust Co. of Vermont bought a new stake in Trinity Capital in the 4th quarter valued at $101,000. Aquatic Capital Management LLC acquired a new position in Trinity Capital in the 4th quarter valued at $124,000. Finally, Blue Trust Inc. increased its position in Trinity Capital by 27.2% during the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company's stock worth $133,000 after buying an additional 2,100 shares during the period. 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.