Ronald E. Estes Buys 1,000 Shares of Trinity Capital Inc. (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes purchased 1,000 shares of Trinity Capital stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $14.35 per share, with a total value of $14,350.00. Following the completion of the transaction, the director now owns 26,636 shares of the company’s stock, valued at $382,226.60. This represents a 3.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Trinity Capital Price Performance

Shares of Trinity Capital stock opened at $14.60 on Wednesday. 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 business’s 50 day simple moving average is $14.38 and its two-hundred day simple moving average is $14.92. The stock has a market capitalization of $943.90 million, a P/E ratio of 8.54 and a beta of 0.55. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data 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). The business had revenue of $65.39 million during the quarter, compared to the consensus estimate of $67.67 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. Analysts forecast that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 annualized dividend and a dividend yield of 13.97%. Trinity Capital’s dividend payout ratio is presently 93.15%.

Institutional Investors Weigh In On Trinity Capital

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in Trinity Capital during the first quarter valued at $38,000. PNC Financial Services Group Inc. purchased a new position in shares of Trinity Capital in the first quarter worth $45,000. Quarry LP raised its stake in shares of Trinity Capital by 194.8% in the first quarter. Quarry LP now owns 4,442 shares of the company’s stock worth $67,000 after purchasing an additional 2,935 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Trinity Capital in the first quarter worth $108,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Trinity Capital in the fourth quarter worth $124,000. 24.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages 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 decreased their price objective on Trinity Capital from $16.00 to $15.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. B. Riley started coverage on Trinity Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $16.00 target price for the company. Finally, UBS Group decreased their price target on Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a research note on Thursday, April 17th.

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.