Trinity Capital Inc. (NASDAQ:TRIN) Director Buys $10,388.50 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Michael Zacharia bought 790 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $13.15 per share, with a total value of $10,388.50. Following the acquisition, the director now directly owns 16,542 shares of the company’s stock, valued at approximately $217,527.30. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Trinity Capital Stock Down 0.3 %

Shares of TRIN opened at $13.63 on Friday. The stock’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $14.30. 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 $802.94 million, a PE ratio of 7.97 and a beta of 0.55. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $15.44.

Trinity Capital (NASDAQ:TRIN) last released 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). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The firm had revenue of $54.64 million during the quarter, compared to analyst estimates of $53.17 million. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, analysts anticipate that Trinity Capital Inc. will post 2.09 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently declared 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.97%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s payout ratio is 119.30%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Trinity Capital

A number of large investors have recently bought and sold shares of TRIN. Cetera Advisors LLC bought a new position in shares of Trinity Capital during the 1st quarter worth about $543,000. Kennedy Capital Management LLC acquired a new position in Trinity Capital during the 1st quarter worth approximately $2,022,000. Emerald Advisers LLC boosted its holdings in Trinity Capital by 11.3% in the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after acquiring an additional 82,001 shares in the last quarter. Quantbot Technologies LP grew its stake in Trinity Capital by 77.0% in the first quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock valued at $576,000 after acquiring an additional 17,068 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Trinity Capital by 37.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock valued at $2,734,000 after acquiring an additional 55,131 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

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.