Trinity Capital (NASDAQ:TRIN) Chairman Steve Louis Brown Acquires 2,137 Shares

Trinity Capital Inc. (NASDAQ:TRIN) Chairman Steve Louis Brown acquired 2,137 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $14.52 per share, for a total transaction of $31,029.24. Following the acquisition, the chairman owned 820,603 shares in the company, valued at approximately $11,915,155.56. This trade represents a 0.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Steve Louis Brown also recently made the following trade(s):

• On Friday, November 7th, Steve Louis Brown bought 1,600 shares of Trinity Capital stock. The stock was purchased at an average price of $14.40 per share, with a total value of $23,040.00.
• On Friday, November 7th, Steve Louis Brown purchased 4,500 shares of Trinity Capital stock. The shares were purchased at an average price of $14.42 per share, for a total transaction of $64,890.00.

Trinity Capital Stock Performance

Shares of NASDAQ:TRIN traded down $0.10 during mid-day trading on Thursday, hitting $14.28. The stock had a trading volume of 792,596 shares, compared to its average volume of 818,427. The company’s 50 day moving average is $15.20 and its 200-day moving average is $15.03. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. The company has a market cap of $1.08 billion, a PE ratio of 6.75 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $75.55 million for the quarter, compared to the consensus estimate of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. On average, equities research analysts predict 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 Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Trinity Capital’s payout ratio is 93.15%.

Analysts Set New Price Targets

TRIN has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Trinity Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. B. Riley upped their price objective on shares of Trinity Capital from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $13.50 target price (up previously from $13.00) on shares of Trinity Capital in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.63.

Institutional Investors Weigh In On Trinity Capital

Several large investors have recently made changes to their positions in TRIN. First Horizon Advisors Inc. acquired a new stake in Trinity Capital in the second quarter valued at approximately $32,000. PNC Financial Services Group Inc. bought a new stake in Trinity Capital during the first quarter worth approximately $45,000. MCF Advisors LLC bought a new position in shares of Trinity Capital in the third quarter valued at approximately $52,000. Allworth Financial LP acquired a new position in Trinity Capital in the 2nd quarter valued at $53,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Trinity Capital in the second quarter valued at about $54,000. Institutional investors own 24.62% of the company’s stock.

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.