Kyle Steven Brown Buys 3,513 Shares of Trinity Capital Inc. (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown purchased 3,513 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $14.22 per share, with a total value of $49,954.86. Following the acquisition, the chief executive officer now owns 55,332 shares of the company’s stock, valued at approximately $786,821.04. The trade was a 6.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Trinity Capital Trading Up 1.5%

Shares of Trinity Capital stock opened at $14.81 on Wednesday. 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 firm has a fifty day moving average price of $14.88 and a 200 day moving average price of $14.82. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $16.82. The stock has a market cap of $957.53 million, a PE ratio of 8.66 and a beta of 0.57.

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

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 annualized dividend and a dividend yield of 13.77%. Trinity Capital’s dividend payout ratio (DPR) is presently 93.15%.

Wall Street Analysts Forecast Growth

TRIN has been the subject of a number of research analyst reports. UBS Group decreased their price target on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods decreased 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 initiated coverage on shares of Trinity Capital in a report on Tuesday. They issued a “buy” rating and a $16.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on shares of Trinity Capital from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, April 28th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TRIN. Franklin Resources Inc. grew its position in Trinity Capital by 21.8% during the third quarter. Franklin Resources Inc. now owns 186,356 shares of the company’s stock valued at $2,583,000 after buying an additional 33,352 shares during the period. Moody National Bank Trust Division grew its position in Trinity Capital by 41.8% during the fourth quarter. Moody National Bank Trust Division now owns 18,332 shares of the company’s stock valued at $265,000 after buying an additional 5,401 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Trinity Capital by 10.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 222,351 shares of the company’s stock valued at $3,217,000 after buying an additional 20,842 shares during the period. Trust Co. of Vermont acquired a new stake in Trinity Capital during the fourth quarter valued at $101,000. Finally, Cornerstone Wealth Management LLC grew its position in Trinity Capital by 5.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company’s stock valued at $349,000 after buying an additional 1,302 shares during the period. Hedge funds and other institutional investors own 24.62% of the company’s stock.

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.