Trinity Capital Inc. (NASDAQ:TRIN) Director Michael Zacharia Purchases 790 Shares

Trinity Capital Inc. (NASDAQ:TRIN) Director Michael Zacharia purchased 790 shares of the stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $13.15 per share, with a total value of $10,388.50. Following the completion of the acquisition, the director now owns 16,542 shares in the company, valued at approximately $217,527.30. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trinity Capital Price Performance

TRIN stock opened at $13.67 on Thursday. The business’s fifty day moving average price is $13.83 and its 200 day moving average price is $14.30. Trinity Capital Inc. has a 12-month low of $13.05 and a 12-month high of $15.44. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $805.25 million, a PE ratio of 7.99 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly 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). Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $54.64 million for the quarter, compared to analyst estimates of $53.17 million. During the same period in the prior year, the company posted $0.58 EPS. On average, sell-side analysts anticipate that Trinity Capital Inc. will post 2.09 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 14.92%. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company decreased their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

Hedge Funds Weigh In On Trinity Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its position in shares of Trinity Capital by 127.9% during the first quarter. Commonwealth Equity Services LLC now owns 68,021 shares of the company’s stock worth $999,000 after acquiring an additional 38,172 shares during the period. Quantbot Technologies LP grew its stake in Trinity Capital by 77.0% during the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after purchasing an additional 17,068 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Trinity Capital by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 32,358 shares of the company’s stock worth $475,000 after purchasing an additional 11,011 shares during the period. Truvestments Capital LLC acquired a new stake in Trinity Capital in the 1st quarter valued at about $195,000. Finally, Paloma Partners Management Co purchased a new position in shares of Trinity Capital in the 1st quarter valued at about $150,000. Hedge funds and other institutional investors 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.