Key Points
- Chairman Steve Louis Brown bought 2,137 shares on Nov. 18 at $14.52 for $31,029.24, raising his direct stake to 820,603 shares (a 0.26% increase); he also purchased 1,600 and 4,500 shares on Nov. 7 at about $14.40–$14.42.
- Company and financials: TRIN traded at $14.34 (up 0.4%), has a $1.08B market cap and a P/E of 6.54, reported Q3 EPS of $0.52 (in line with estimates), and pays a $0.51 quarterly dividend (14.2% yield) with a 93% payout ratio.
Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald Estes bought 1,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average cost of $14.43 per share, for a total transaction of $14,430.00. Following the acquisition, the director owned 36,944 shares of the company's stock, valued at approximately $533,101.92. This represents a 2.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Trinity Capital Trading Up 0.6%
Shares of Trinity Capital stock traded up $0.08 on Friday, reaching $14.36. 437,144 shares of the stock were exchanged, compared to its average volume of 695,688. The firm has a market capitalization of $1.09 billion, a PE ratio of 6.56 and a beta of 0.53. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The business has a fifty day moving average price of $15.16 and a two-hundred day moving average price of $15.03.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.The company had revenue of $75.55 million for the quarter, compared to analyst estimates of $74.31 million. Research analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.
Trinity Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.51 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.04 annualized dividend and a yield of 14.2%. Trinity Capital's dividend payout ratio is presently 93.15%.
Hedge Funds Weigh In On Trinity Capital
A number of large investors have recently modified their holdings of the company. Marshall Wace LLP grew its holdings in shares of Trinity Capital by 4,587.0% during the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company's stock worth $17,822,000 after purchasing an additional 1,126,709 shares during the period. Two Sigma Investments LP grew its stake in Trinity Capital by 83.5% during the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company's stock worth $15,266,000 after buying an additional 448,626 shares during the period. LPL Financial LLC increased its position in shares of Trinity Capital by 689.7% in the first quarter. LPL Financial LLC now owns 372,983 shares of the company's stock worth $5,654,000 after acquiring an additional 325,753 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Trinity Capital by 14.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company's stock valued at $27,032,000 after acquiring an additional 225,814 shares during the period. Finally, UBS Group AG raised its stake in shares of Trinity Capital by 36.5% in the 3rd quarter. UBS Group AG now owns 806,897 shares of the company's stock valued at $12,491,000 after acquiring an additional 215,581 shares during the period. 24.62% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have commented on TRIN. UBS Group decreased their target price on shares of Trinity Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, October 14th. B. Riley raised their price objective on shares of Trinity Capital from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company restated an "underweight" rating and set a $13.50 target price (up from $13.00) on shares of Trinity Capital in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $15.63.
Check Out Our Latest Report on Trinity Capital
About Trinity Capital
(
Get Free Report)
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.
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