Trinity Capital (NASDAQ:TRIN) Director Ronald Estes Buys 1,000 Shares

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald Estes bought 1,000 shares of Trinity Capital stock in a transaction dated Monday, December 15th. The shares were bought at an average cost of $15.08 per share, with a total value of $15,080.00. Following the completion of the transaction, the director directly owned 38,444 shares in the company, valued at approximately $579,735.52. This trade represents a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Trinity Capital Trading Down 0.9%

Shares of TRIN stock traded down $0.14 during trading hours on Tuesday, hitting $14.98. 918,068 shares of the company were exchanged, compared to its average volume of 700,385. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 6.84 and a beta of 0.53. The firm has a fifty day simple moving average of $14.82 and a 200 day simple moving average of $15.08. Trinity Capital Inc. has a 52-week low of $12.50 and a 52-week high of $16.82.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.The business had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. Sell-side analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.04 annualized dividend and a yield of 13.6%. Trinity Capital’s dividend payout ratio (DPR) is 93.15%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citizens Jmp initiated coverage on shares of Trinity Capital in a report on Monday, December 8th. They set a “market outperform” rating and a $17.50 price objective on the stock. Citigroup started coverage on shares of Trinity Capital in a research note on Monday, December 8th. They set an “outperform” rating on the stock. Capital One Financial set a $17.00 price objective on shares of Trinity Capital in a report on Thursday, December 11th. UBS Group lowered their target price on shares of Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Finally, Noble Financial started coverage on Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.44.

Hedge Funds Weigh In On Trinity Capital

Large investors have recently modified their holdings of the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Trinity Capital during the first quarter worth about $293,000. Y Intercept Hong Kong Ltd purchased a new stake in Trinity Capital in the second quarter valued at approximately $2,136,000. Beacon Pointe Advisors LLC bought a new stake in Trinity Capital during the second quarter valued at approximately $737,000. Trexquant Investment LP grew its stake in Trinity Capital by 10.7% in the 1st quarter. Trexquant Investment LP now owns 249,751 shares of the company’s stock worth $3,786,000 after buying an additional 24,041 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Trinity Capital in the 1st quarter worth approximately $1,777,000. 24.62% of the stock is currently owned by institutional investors.

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.