Trinity Capital Inc. (NASDAQ:TRIN) Director Buys $27,180.00 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes acquired 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $13.59 per share, with a total value of $27,180.00. Following the acquisition, the director now directly owns 25,836 shares in the company, valued at approximately $351,111.24. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Trinity Capital Trading Up 1.8 %

Shares of NASDAQ:TRIN traded up $0.23 during trading on Tuesday, reaching $13.34. The company’s stock had a trading volume of 439,254 shares, compared to its average volume of 490,589. The firm’s 50 day simple moving average is $13.85 and its two-hundred day simple moving average is $14.31. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $15.44. The stock has a market capitalization of $785.86 million, a PE ratio of 7.80 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results 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 net margin of 40.73% and a return on equity of 15.90%. During the same quarter last year, the firm earned $0.58 EPS. On average, research analysts predict that Trinity Capital Inc. will post 2.09 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 15.29%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s payout ratio is 119.30%.

Institutional Trading of Trinity Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Trinity Capital in the 2nd quarter valued at about $35,000. Blue Trust Inc. lifted its holdings in Trinity Capital by 522.1% during the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock worth $109,000 after buying an additional 6,474 shares during the period. Paloma Partners Management Co bought a new stake in Trinity Capital during the 1st quarter valued at $150,000. MQS Management LLC purchased a new position in shares of Trinity Capital in the 2nd quarter valued at $152,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Trinity Capital by 9.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after acquiring an additional 918 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their price target on Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

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.