Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 2,500 put options on the company. This is an increase of approximately 551% compared to the typical volume of 384 put options.
Trinity Capital Stock Performance
Trinity Capital stock traded down $0.21 during mid-day trading on Tuesday, hitting $14.64. 173,233 shares of the company's stock traded hands, compared to its average volume of 519,620. The company has a market cap of $919.53 million, a PE ratio of 8.56 and a beta of 0.56. The firm has a 50 day moving average price of $15.28 and a 200 day moving average price of $14.79. Trinity Capital has a one year low of $12.50 and a one year high of $16.82. 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 (NASDAQ:TRIN - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $70.83 million during the quarter, compared to analyst estimates of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, equities analysts forecast that Trinity Capital will post 2.06 EPS for the current year.
Trinity Capital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.94%. The ex-dividend date was Monday, March 31st. Trinity Capital's dividend payout ratio (DPR) is 99.03%.
Institutional Investors Weigh In On Trinity Capital
A number of institutional investors have recently modified their holdings of the stock. Kennedy Capital Management LLC increased its holdings in Trinity Capital by 0.3% in the fourth quarter. Kennedy Capital Management LLC now owns 220,336 shares of the company's stock worth $3,188,000 after buying an additional 676 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Trinity Capital by 9.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company's stock valued at $176,000 after purchasing an additional 1,000 shares during the last quarter. PFG Investments LLC boosted its holdings in Trinity Capital by 9.9% in the first quarter. PFG Investments LLC now owns 13,204 shares of the company's stock worth $200,000 after purchasing an additional 1,188 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in Trinity Capital by 5.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company's stock worth $349,000 after buying an additional 1,302 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Trinity Capital by 11.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,852 shares of the company's stock worth $200,000 after acquiring an additional 1,423 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company's stock.
Analyst Ratings Changes
TRIN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. UBS Group reduced 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. Finally, Wells Fargo & Company lowered 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.
Read Our Latest Stock Analysis on Trinity Capital
Trinity Capital Company Profile
(
Get Free Report)
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.
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