Key Points
- Director Ronald Estes bought 1,000 shares at $15.08 on December 15, a $15,080 purchase that raised his stake to 38,444 shares (a 2.67% increase) and was disclosed in an SEC filing.
- Trinity Capital (NASDAQ:TRIN) is a $1.13B market-cap BDC with a PE of 6.84 and a 52-week range of $12.50–$16.82; analysts give an average rating of “Moderate Buy” with a $16.44 target, and the company recently reported $0.52 EPS (in line with estimates) and a 50.49% net margin.
Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald Estes purchased 1,000 shares of the business's stock in a transaction dated Monday, December 15th. The shares were purchased at an average cost of $15.08 per share, with a total value of $15,080.00. Following the purchase, the director directly owned 38,444 shares in the company, valued at approximately $579,735.52. The trade was a 2.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Trinity Capital Stock Down 0.9%
Trinity Capital stock opened at $14.98 on Wednesday. The firm has a market capitalization of $1.13 billion, a PE ratio of 6.84 and a beta of 0.53. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $16.82. The firm's 50-day simple moving average is $14.83 and its 200 day simple moving average is $15.08.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. The company had revenue of $75.55 million during the quarter, compared to analysts' expectations of $74.31 million. On average, research analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.
Institutional Investors Weigh In On Trinity Capital
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC purchased a new stake in Trinity Capital in the first quarter valued at approximately $293,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Trinity Capital in the 2nd quarter valued at $2,136,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Trinity Capital during the 2nd quarter valued at $737,000. Trexquant Investment LP increased its holdings in shares of Trinity Capital by 10.7% during the 1st quarter. Trexquant Investment LP now owns 249,751 shares of the company's stock worth $3,786,000 after buying an additional 24,041 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Trinity Capital in the 1st quarter worth $1,777,000. Hedge funds and other institutional investors own 24.62% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TRIN. Noble Financial initiated coverage on Trinity Capital in a research report on Thursday, December 11th. They set a "buy" rating for the company. Loop Capital set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Citizens Jmp began coverage on Trinity Capital in a research note on Monday, December 8th. They set a "market outperform" rating and a $17.50 price objective on the stock. Capital One Financial set a $17.00 price objective on Trinity Capital in a research report on Thursday, December 11th. Finally, JMP Securities set a $17.50 target price on shares of Trinity Capital in a report on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.44.
View Our Latest Stock Analysis on TRIN
Trinity Capital Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
