Trinity Capital (NASDAQ:TRIN) CEO Kyle Steven Brown Buys 3,333 Shares of Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown bought 3,333 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $14.90 per share, with a total value of $49,661.70. Following the completion of the transaction, the chief executive officer directly owned 376,775 shares of the company’s stock, valued at $5,613,947.50. This trade represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Trinity Capital Trading Down 0.9%

NASDAQ:TRIN traded down $0.13 during trading hours on Thursday, hitting $14.98. 935,266 shares of the stock traded hands, compared to its average volume of 1,363,376. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 7.64 and a beta of 0.55. The firm has a 50 day moving average price of $15.72 and a 200 day moving average price of $15.44. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $17.20.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $79.83 million. Research analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. Trinity Capital’s dividend payout ratio (DPR) is 104.08%.

Institutional Investors Weigh In On Trinity Capital

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in Trinity Capital by 1.1% during the fourth quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock worth $980,000 after buying an additional 754 shares during the period. First Commonwealth Financial Corp PA boosted its stake in shares of Trinity Capital by 3.4% during the 4th quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock worth $360,000 after purchasing an additional 799 shares during the period. Cornerstone Wealth Management LLC grew its holdings in Trinity Capital by 2.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 33,342 shares of the company’s stock valued at $516,000 after purchasing an additional 889 shares during the last quarter. Graham Capital Management L.P. raised its position in Trinity Capital by 10.7% in the 4th quarter. Graham Capital Management L.P. now owns 11,234 shares of the company’s stock worth $165,000 after purchasing an additional 1,085 shares during the period. Finally, Stifel Financial Corp lifted its stake in Trinity Capital by 0.3% in the fourth quarter. Stifel Financial Corp now owns 432,777 shares of the company’s stock worth $6,340,000 after purchasing an additional 1,489 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TRIN shares. Noble Financial started coverage on shares of Trinity Capital in a research note on Thursday, December 11th. They set a “buy” rating on the stock. Loop Capital set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Capital One Financial set a $17.00 target price on Trinity Capital in a research report on Thursday, December 11th. Citizens Jmp set a $17.50 price objective on Trinity Capital in a research note on Monday, December 8th. Finally, Clear Str upgraded Trinity Capital to a “strong-buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.29.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.