Trinity Capital (NASDAQ:TRIN) Director Buys $14,430.00 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald Estes acquired 1,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were acquired at an average price of $14.43 per share, for a total transaction of $14,430.00. Following the acquisition, the director owned 36,944 shares of the company’s stock, valued at approximately $533,101.92. The trade was a 2.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Trinity Capital Trading Down 0.7%

Shares of TRIN traded down $0.10 on Thursday, reaching $14.28. The company’s stock had a trading volume of 792,596 shares, compared to its average volume of 818,427. The stock has a market capitalization of $1.08 billion, a PE ratio of 6.75 and a beta of 0.53. Trinity Capital Inc. has a twelve month low of $12.50 and a twelve month high of $16.82. The firm has a fifty day moving average of $15.20 and a 200-day moving average of $15.03.

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 analysts’ expectations of $74.31 million. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%. As a group, equities analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.51 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.04 annualized dividend and a dividend yield of 14.3%. Trinity Capital’s dividend payout ratio is presently 93.15%.

Institutional Investors Weigh In On Trinity Capital

Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new position in Trinity Capital in the second quarter valued at approximately $32,000. PNC Financial Services Group Inc. purchased a new position in shares of Trinity Capital during the 1st quarter valued at $45,000. MCF Advisors LLC bought a new position in shares of Trinity Capital during the 3rd quarter worth $52,000. Allworth Financial LP purchased a new stake in Trinity Capital in the 2nd quarter worth about $53,000. Finally, JPMorgan Chase & Co. purchased a new stake in Trinity Capital in the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TRIN shares. UBS Group dropped their price target on shares of Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. B. Riley increased 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 report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.63.

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.