Ronald Estes Purchases 1,000 Shares of Trinity Capital (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald Estes bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average price of $14.43 per share, with a total value of $14,430.00. Following the completion of the transaction, the director directly owned 36,944 shares of the company’s stock, valued at approximately $533,101.92. The trade was a 2.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trinity Capital Stock Performance

Shares of NASDAQ:TRIN traded down $0.10 during midday trading on Thursday, hitting $14.28. 792,596 shares of the stock were exchanged, compared to its average volume of 818,427. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 6.75 and a beta of 0.53. The business’s 50-day moving average price is $15.20 and its 200 day moving average price is $15.03. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $16.82.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. The business had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. As a group, sell-side analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, 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 14.3%. The ex-dividend date was Tuesday, September 30th. Trinity Capital’s payout ratio is 93.15%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wells Fargo & Company restated an “underweight” rating and issued a $13.50 price objective (up from $13.00) on shares of Trinity Capital in a report on Tuesday, August 12th. UBS Group reduced their price target on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Finally, B. Riley raised their price objective on Trinity Capital from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trinity Capital presently has an average rating of “Hold” and a consensus target price of $15.63.

Institutional Trading of Trinity Capital

Large investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its position in shares of Trinity Capital by 4,587.0% during the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after purchasing an additional 1,126,709 shares in the last quarter. Two Sigma Investments LP lifted its stake in Trinity Capital by 83.5% in the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after buying an additional 448,626 shares during the period. LPL Financial LLC boosted its holdings in shares of Trinity Capital by 689.7% during the 1st quarter. LPL Financial LLC now owns 372,983 shares of the company’s stock worth $5,654,000 after buying an additional 325,753 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Trinity Capital by 14.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company’s stock worth $27,032,000 after buying an additional 225,814 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Trinity Capital by 36.5% during the 3rd quarter. UBS Group AG now owns 806,897 shares of the company’s stock worth $12,491,000 after buying an additional 215,581 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

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.