Insider Buying: Trinity Capital Inc. (NASDAQ:TRIN) CEO Buys 7,562 Shares of Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown bought 7,562 shares of the company’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $13.39 per share, with a total value of $101,255.18. Following the completion of the purchase, the chief executive officer now owns 964,832 shares of the company’s stock, valued at approximately $12,919,100.48. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kyle Steven Brown also recently made the following trade(s):

• On Tuesday, August 13th, Kyle Steven Brown bought 3,500 shares of Trinity Capital stock. The shares were purchased at an average price of $14.15 per share, for a total transaction of $49,525.00.

Trinity Capital Stock Performance

Shares of TRIN traded up $0.23 during mid-day trading on Tuesday, hitting $13.34. 439,254 shares of the company’s stock were exchanged, compared to its average volume of 490,589. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.44. The business’s 50 day moving average is $13.85 and its two-hundred day moving average is $14.31. The firm has a market capitalization of $785.86 million, a P/E ratio of 7.76 and a beta of 0.55.

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). The business had revenue of $54.64 million for the quarter, compared to analyst estimates of $53.17 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. During the same period last year, the company posted $0.58 earnings per share. On average, equities analysts expect that Trinity Capital Inc. will post 2.09 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, September 30th. This represents a $2.04 annualized dividend and a dividend yield of 15.29%. Trinity Capital’s dividend payout ratio is presently 119.30%.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their price target on Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th.

Institutional Trading of Trinity Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in shares of Trinity Capital in the third quarter worth about $395,000. Catalyst Capital Advisors LLC raised its stake in shares of Trinity Capital by 111.4% during the third quarter. Catalyst Capital Advisors LLC now owns 38,337 shares of the company’s stock valued at $520,000 after acquiring an additional 20,200 shares in the last quarter. Emerald Advisers LLC grew its stake in Trinity Capital by 11.3% during the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock valued at $10,923,000 after purchasing an additional 82,001 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Trinity Capital by 14.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock valued at $17,902,000 after purchasing an additional 162,905 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in shares of Trinity Capital by 33.5% in the third quarter. Chicago Partners Investment Group LLC now owns 67,157 shares of the company’s stock valued at $924,000 after purchasing an additional 16,854 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Company Profile

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.