Trinity Capital Inc. (NASDAQ:TRIN) Chairman Buys $253,872.00 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) Chairman Steve Louis Brown purchased 19,350 shares of the company’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $13.12 per share, with a total value of $253,872.00. Following the purchase, the chairman now owns 722,182 shares of the company’s stock, valued at approximately $9,475,027.84. This represents 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 this hyperlink.

Trinity Capital Stock Performance

Shares of NASDAQ:TRIN traded up $0.22 on Wednesday, reaching $13.59. The company’s stock had a trading volume of 375,116 shares, compared to its average volume of 490,604. The stock’s 50-day moving average is $13.84 and its two-hundred day moving average is $14.31. Trinity Capital Inc. has a 52-week low of $13.05 and a 52-week high of $15.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market capitalization of $800.53 million, a P/E ratio of 7.82 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $54.64 million during 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 period in the previous year, the company posted $0.58 earnings per share. As a group, sell-side analysts forecast that Trinity Capital Inc. will post 2.09 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, September 30th. This represents a $2.04 annualized dividend and a yield of 15.01%. Trinity Capital’s dividend payout ratio is currently 119.30%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Trinity Capital in the second quarter valued at about $35,000. Blue Trust Inc. increased its holdings in Trinity Capital by 522.1% in the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after buying an additional 6,474 shares in the last quarter. Paloma Partners Management Co purchased a new position in Trinity Capital in the first quarter valued at about $150,000. MQS Management LLC purchased a new position in Trinity Capital in the second quarter valued at about $152,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Trinity Capital by 9.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after buying an additional 918 shares in the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price target on shares of 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.

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.