Trinity Capital Inc. (NASDAQ:TRIN) CEO Purchases $101,255.18 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown purchased 7,562 shares of Trinity Capital stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $13.39 per share, with a total value of $101,255.18. Following the completion of the transaction, the chief executive officer now directly owns 964,832 shares of the company’s stock, valued at $12,919,100.48. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kyle Steven Brown also recently made the following trade(s):

• On Tuesday, August 13th, Kyle Steven Brown bought 3,500 shares of Trinity Capital stock. The shares were bought at an average cost of $14.15 per share, with a total value of $49,525.00.

Trinity Capital Trading Down 0.3 %

NASDAQ:TRIN opened at $13.63 on Friday. The company has a market capitalization of $802.94 million, a P/E ratio of 7.97 and a beta of 0.55. The stock’s 50 day moving average price is $13.82 and its 200 day moving average price is $14.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital Inc. has a 52 week low of $13.05 and a 52 week high of $15.44.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 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 quarter last year, the company earned $0.58 EPS. On average, research analysts forecast that Trinity Capital Inc. will post 2.09 EPS for the current fiscal 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 given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 14.97%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s payout ratio is 119.30%.

Institutional Trading of Trinity Capital

Large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in Trinity Capital by 127.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 68,021 shares of the company’s stock worth $999,000 after purchasing an additional 38,172 shares during the last quarter. Quantbot Technologies LP grew its stake in Trinity Capital by 77.0% in the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock valued at $576,000 after buying an additional 17,068 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Trinity Capital by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 32,358 shares of the company’s stock worth $475,000 after acquiring an additional 11,011 shares during the period. Truvestments Capital LLC acquired a new position in Trinity Capital during the 1st quarter worth $195,000. Finally, Paloma Partners Management Co acquired a new position in Trinity Capital during the 1st quarter worth $150,000. Institutional investors own 24.62% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their price objective 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.

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.