Trinity Capital (NASDAQ:TRIN) Director Purchases $11,328.00 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald Estes purchased 800 shares of the business’s stock in a transaction on Monday, March 16th. The shares were bought at an average price of $14.16 per share, with a total value of $11,328.00. Following the purchase, the director directly owned 40,443 shares in the company, valued at approximately $572,672.88. The trade was a 2.02% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Trinity Capital Trading Up 0.5%

Shares of Trinity Capital stock opened at $14.64 on Friday. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $17.20. The company has a market capitalization of $1.22 billion, a P/E ratio of 7.47 and a beta of 0.55. The stock has a fifty day simple moving average of $15.62 and a 200 day simple moving average of $15.35.

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

Trinity Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Thursday, June 11th. Trinity Capital’s payout ratio is presently 104.08%.

Institutional Trading of Trinity Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in Trinity Capital by 1.1% during the fourth quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock valued at $980,000 after acquiring an additional 754 shares during the last quarter. First Commonwealth Financial Corp PA grew its holdings 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 valued at $360,000 after purchasing an additional 799 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of 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. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Wall Street Analyst Weigh In

TRIN has been the topic of a number of recent research reports. Noble Financial assumed coverage on Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating on the stock. Citigroup restated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Citizens Jmp set a $17.50 price target on Trinity Capital in a report on Monday, December 8th. Clear Str raised shares of Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Capital One Financial set a $17.00 price target on shares of Trinity Capital in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Trinity Capital currently has an average 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.