Kyle Steven Brown Buys 2,296 Shares of Trinity Capital (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown acquired 2,296 shares of the stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $18.04 per share, for a total transaction of $41,419.84. Following the completion of the transaction, the chief executive officer owned 612,262 shares in the company, valued at approximately $11,045,206.48. This represents a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Trinity Capital Trading Up 0.5%

Shares of NASDAQ:TRIN opened at $18.29 on Thursday. The stock has a 50 day moving average of $17.44 and a 200 day moving average of $16.35. The company has a market cap of $1.73 billion, a PE ratio of 9.68 and a beta of 0.61. Trinity Capital Inc. has a 12-month low of $14.13 and a 12-month high of $18.46.

Trinity Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s dividend payout ratio (DPR) is presently 116.57%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRIN. Keefe, Bruyette & Woods upped their target price on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Wells Fargo & Company raised their price target on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Trinity Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Institutional Investors Weigh In On Trinity Capital

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of Trinity Capital by 2.2% in the fourth quarter. Van ECK Associates Corp now owns 1,785,503 shares of the company’s stock worth $26,158,000 after buying an additional 39,286 shares in the last quarter. Sound Income Strategies LLC grew its stake in Trinity Capital by 9.4% during the second quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company’s stock valued at $22,716,000 after acquiring an additional 109,291 shares in the last quarter. Melia Wealth LLC grew its stake in Trinity Capital by 1.2% during the fourth quarter. Melia Wealth LLC now owns 1,193,518 shares of the company’s stock valued at $17,485,000 after acquiring an additional 14,222 shares in the last quarter. Marshall Wace LLP increased its holdings in Trinity Capital by 4,587.0% in the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after acquiring an additional 1,126,709 shares during the last quarter. Finally, UBS Group AG increased its holdings in Trinity Capital by 28.8% in the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock valued at $15,220,000 after acquiring an additional 232,031 shares during the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

About Trinity Capital

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.