Insider Buying: Trinity Capital Inc. (NASDAQ:TRIN) CEO Buys $49,525.00 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown purchased 3,500 shares of Trinity Capital stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $14.15 per share, with a total value of $49,525.00. Following the completion of the transaction, the chief executive officer now owns 975,298 shares of the company’s stock, valued at $13,800,466.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trinity Capital Stock Performance

Shares of TRIN opened at $14.27 on Friday. The company’s 50 day simple moving average is $14.42 and its 200-day simple moving average is $14.53. The firm has a market cap of $761.59 million, a PE ratio of 8.86 and a beta of 0.56. Trinity Capital Inc. has a 12-month low of $13.21 and a 12-month high of $15.44. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). The business had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $53.17 million. Trinity Capital had a return on equity of 16.14% and a net margin of 40.06%. During the same period in the previous year, the business posted $0.58 earnings per share. As a group, equities analysts predict that Trinity Capital Inc. will post 2.11 EPS for the current year.

Trinity Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.30%. The ex-dividend date was Friday, June 28th. Trinity Capital’s dividend payout ratio is currently 126.71%.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut their target price on Trinity Capital from $16.50 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd.

Hedge Funds Weigh In On Trinity Capital

Several institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in Trinity Capital by 24.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,138,185 shares of the company’s stock worth $16,093,000 after acquiring an additional 226,919 shares during the period. Millennium Management LLC raised its stake in shares of Trinity Capital by 527.8% during the second quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock worth $3,572,000 after purchasing an additional 212,353 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Trinity Capital during the first quarter worth $2,022,000. Legacy Capital Wealth Partners LLC purchased a new position in Trinity Capital in the 4th quarter valued at $1,487,000. Finally, Confluence Investment Management LLC purchased a new position in Trinity Capital in the 1st quarter valued at $835,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

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.