Kyle Steven Brown Buys 3,333 Shares of Trinity Capital (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown bought 3,333 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was bought at an average cost of $14.90 per share, with a total value of $49,661.70. Following the completion of the acquisition, the chief executive officer owned 376,775 shares of the company’s stock, valued at $5,613,947.50. This represents a 0.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Trinity Capital Price Performance

NASDAQ TRIN opened at $15.03 on Friday. The business has a 50 day moving average price of $15.72 and a 200 day moving average price of $15.44. The company has a market capitalization of $1.25 billion, a P/E ratio of 7.67 and a beta of 0.55. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $17.20.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $79.83 million. On average, research analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date of this dividend is Friday, March 13th. Trinity Capital’s dividend payout ratio (DPR) is 104.08%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRIN. Capital One Financial set a $17.00 target price on Trinity Capital in a report on Thursday, December 11th. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a research report on Tuesday, January 27th. Citizens Jmp set a $17.50 target price on shares of Trinity Capital in a research note on Monday, December 8th. Clear Str raised shares of Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Noble Financial initiated coverage on shares of Trinity Capital in a research report on Thursday, December 11th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trinity Capital currently has a consensus rating of “Moderate Buy” and an average price target of $16.29.

Institutional Investors Weigh In On Trinity Capital

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in Trinity Capital by 1.1% during the fourth quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock worth $980,000 after purchasing an additional 754 shares during the last quarter. First Commonwealth Financial Corp PA increased its holdings in shares of Trinity Capital by 3.4% during the 4th quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock worth $360,000 after buying an additional 799 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Trinity Capital by 2.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 33,342 shares of the company’s stock worth $516,000 after buying an additional 889 shares during the period. Graham Capital Management L.P. boosted its holdings in Trinity Capital by 10.7% in the fourth quarter. Graham Capital Management L.P. now owns 11,234 shares of the company’s stock valued at $165,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Trinity Capital by 0.3% during the fourth quarter. Stifel Financial Corp now owns 432,777 shares of the company’s stock valued at $6,340,000 after acquiring an additional 1,489 shares during the period. 24.62% of the stock is owned by institutional investors and hedge funds.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.