Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes Buys 1,000 Shares

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was purchased at an average cost of $14.35 per share, with a total value of $14,350.00. Following the completion of the acquisition, the director now owns 26,636 shares in the company, valued at approximately $382,226.60. This trade represents a 3.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Trinity Capital Price Performance

Shares of NASDAQ:TRIN opened at $14.57 on Thursday. The stock has a market cap of $941.97 million, a PE ratio of 8.52 and a beta of 0.55. The company’s fifty day moving average is $14.39 and its 200 day moving average is $14.92. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $16.82. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $65.39 million during the quarter, compared to the consensus estimate of $67.67 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. Research analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.00%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital’s dividend payout ratio (DPR) is presently 93.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Trinity Capital from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Thursday, May 8th. B. Riley began coverage on shares of Trinity Capital in a research report on Tuesday, May 13th. They set a “buy” rating and a $16.00 price objective on the stock. UBS Group lowered their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company lowered their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th.

Institutional Investors Weigh In On Trinity Capital

A number of large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in Trinity Capital in the 1st quarter worth $108,000. Empowered Funds LLC bought a new stake in Trinity Capital in the 1st quarter worth $234,000. Goldman Sachs Group Inc. grew its holdings in Trinity Capital by 609.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 136,672 shares of the company’s stock worth $2,072,000 after acquiring an additional 117,420 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Trinity Capital in the 1st quarter worth $320,000. Finally, PharVision Advisers LLC bought a new stake in Trinity Capital in the 1st quarter worth $212,000. 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.