Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes Buys 1,500 Shares

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes acquired 1,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $13.98 per share, with a total value of $20,970.00. Following the purchase, the director now owns 23,836 shares of the company’s stock, valued at $333,227.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Trinity Capital Trading Up 0.1 %

Shares of NASDAQ TRIN traded up $0.01 during trading hours on Thursday, reaching $14.01. The stock had a trading volume of 70,007 shares, compared to its average volume of 473,020. Trinity Capital Inc. has a 52-week low of $13.21 and a 52-week high of $15.44. The firm has a market cap of $747.71 million, a price-to-earnings ratio of 8.70 and a beta of 0.56. The business’s fifty day moving average price is $14.28 and its two-hundred day moving average price is $14.55. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. The firm had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. During the same period last year, the firm earned $0.58 earnings per share. Analysts expect that Trinity Capital Inc. will post 2.11 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.56%. The ex-dividend date of this dividend was Friday, June 28th. Trinity Capital’s dividend payout ratio (DPR) is presently 126.71%.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price objective on shares of Trinity Capital from $16.50 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRIN. Van ECK Associates Corp increased its holdings in shares of Trinity Capital by 14.5% in the 1st quarter. Van ECK Associates Corp now owns 911,266 shares of the company’s stock valued at $13,377,000 after acquiring an additional 115,134 shares during the period. Cetera Advisors LLC purchased a new position in shares of Trinity Capital in the 1st quarter valued at approximately $543,000. Confluence Investment Management LLC acquired a new position in shares of Trinity Capital in the 1st quarter valued at $835,000. Kennedy Capital Management LLC acquired a new stake in Trinity Capital during the 1st quarter worth about $2,022,000. Finally, Quantbot Technologies LP grew its stake in Trinity Capital by 77.0% during the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock valued at $576,000 after purchasing an additional 17,068 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

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.