Key Points
- CEO purchase: Trinity Capital CEO Kyle Steven Brown bought 3,333 shares on March 2 at $14.90 each for $49,661.70, increasing his direct stake to 376,775 shares (a 0.89% rise), as disclosed in an SEC filing.
- Monthly dividend announced: The company declared a $0.17 per-share monthly dividend (record date Mar 13, payable Mar 31), implying a roughly 13.6% yield and a payout ratio around 104%.
- Mixed quarterly results and valuation: Trinity reported $0.52 EPS (beating the $0.51 estimate) but revenue missed at $58.9M versus $79.8M expected; the stock trades near $15 with a market cap of ~$1.25B and a PE of 7.64, and a consensus analyst rating of "Moderate Buy."
Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) CEO Kyle Steven Brown purchased 3,333 shares of Trinity Capital stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average cost of $14.90 per share, for a total transaction of $49,661.70. Following the purchase, the chief executive officer directly owned 376,775 shares in the company, valued at $5,613,947.50. This trade represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Trinity Capital Price Performance
TRIN stock traded down $0.13 during mid-day trading on Thursday, reaching $14.98. The company had a trading volume of 935,266 shares, compared to its average volume of 1,363,376. The firm has a 50 day moving average of $15.72 and a 200 day moving average of $15.44. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $17.20. The company has a market capitalization of $1.25 billion, a PE ratio of 7.64 and a beta of 0.55.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The company had revenue of $58.89 million for the quarter, compared to analysts' expectations of $79.83 million. Analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current year.
Trinity Capital Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date is Friday, March 13th. Trinity Capital's dividend payout ratio is presently 104.08%.
Institutional Investors Weigh In On Trinity Capital
A number of institutional investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. acquired a new stake in Trinity Capital during the 4th quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new position in Trinity Capital during the fourth quarter worth about $27,000. First Horizon Advisors Inc. purchased a new stake in Trinity Capital during the 2nd quarter valued at about $32,000. MCF Advisors LLC acquired a new stake in Trinity Capital in the 3rd quarter valued at about $52,000. Finally, Allworth Financial LP acquired a new stake in Trinity Capital in the 2nd quarter valued at about $53,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Citizens Jmp set a $17.50 price target on shares of Trinity Capital in a report on Monday, December 8th. Capital One Financial set a $17.00 price objective on shares of Trinity Capital in a research note on Thursday, December 11th. Noble Financial initiated coverage on Trinity Capital in a report on Thursday, December 11th. They issued a "buy" rating on the stock. Citigroup restated an "outperform" rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Finally, Clear Str upgraded Trinity Capital to a "strong-buy" rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trinity Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.29.
View Our Latest Stock Analysis on TRIN
About Trinity Capital
(
Get Free Report)
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.
Further Reading
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