Ronald Estes Purchases 800 Shares of Trinity Capital (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald Estes bought 800 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $14.16 per share, with a total value of $11,328.00. Following the completion of the transaction, the director directly owned 40,443 shares of the company’s stock, valued at approximately $572,672.88. This represents a 2.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Trinity Capital Stock Down 0.2%

Shares of TRIN opened at $14.56 on Thursday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 7.43 and a beta of 0.55. The company’s fifty day moving average is $15.64 and its 200-day moving average is $15.35. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $17.20.

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

Trinity Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date is Thursday, June 11th. Trinity Capital’s dividend payout ratio (DPR) is 104.08%.

Institutional Trading of Trinity Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. bought a new position in shares of Trinity Capital during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of Trinity Capital in the fourth quarter valued at about $27,000. MCF Advisors LLC bought a new stake in shares of Trinity Capital in the third quarter valued at about $52,000. Allworth Financial LP acquired a new stake in Trinity Capital during the second quarter worth about $53,000. Finally, JPMorgan Chase & Co. acquired a new stake in Trinity Capital during the second quarter worth about $54,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TRIN shares. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Citizens Jmp set a $17.50 price objective on Trinity Capital in a research note on Monday, December 8th. Clear Str upgraded Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Loop Capital set a $17.00 target price on Trinity Capital in a research report on Thursday, December 11th. Finally, Capital One Financial set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Trinity Capital has a consensus rating of “Moderate Buy” and a consensus target price of $16.29.

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.