Key Points
- Trinity Capital Chairman Steve Louis Brown bought 27,109 shares on March 12 at an average price of $14.75 (≈$399,857.75), bringing his direct holdings to 940,745 shares — a 2.97% increase; he also made smaller purchases of 518 and 1,585 shares on March 9.
- The company announced a monthly dividend of $0.17 per share (record/ex-dividend date March 13, payable March 31), implying a 14.4% yield and a payout ratio of 104.08%.
- In the latest quarter Trinity reported $0.52 EPS (beat by $0.01) while revenue of $58.89M missed estimates of $79.83M; the stock trades with a $1.18B market cap, a PE of 7.23, and a consensus analyst target of $16.29 ("Moderate Buy").
Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Chairman Steve Louis Brown purchased 27,109 shares of Trinity Capital stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $14.75 per share, with a total value of $399,857.75. Following the completion of the acquisition, the chairman directly owned 940,745 shares of the company's stock, valued at approximately $13,875,988.75. This trade represents a 2.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Steve Louis Brown also recently made the following trade(s):
- On Monday, March 9th, Steve Louis Brown purchased 518 shares of Trinity Capital stock. The stock was bought at an average cost of $14.82 per share, with a total value of $7,676.76.
- On Monday, March 9th, Steve Louis Brown acquired 1,585 shares of Trinity Capital stock. The shares were bought at an average price of $14.82 per share, for a total transaction of $23,489.70.
Trinity Capital Price Performance
TRIN stock opened at $14.18 on Tuesday. The company's 50-day moving average is $15.67 and its 200-day moving average is $15.37. The stock has a market capitalization of $1.18 billion, a PE ratio of 7.23 and a beta of 0.56. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $17.20.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The business had revenue of $58.89 million during the quarter, compared to analyst estimates of $79.83 million. On average, analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.
Trinity Capital Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 14.4%. Trinity Capital's payout ratio is currently 104.08%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Capital One Financial set a $17.00 target price on Trinity Capital in a report on Thursday, December 11th. Loop Capital set a $17.00 price target on shares of Trinity Capital in a research note on Thursday, December 11th. Clear Str upgraded shares of Trinity Capital to a "strong-buy" rating in a report on Wednesday, February 4th. Citigroup reaffirmed an "outperform" rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Finally, Noble Financial assumed coverage on shares of Trinity Capital in a report on Thursday, December 11th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.29.
Get Our Latest Research Report on Trinity Capital
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Trinity Capital by 2.2% in the 4th quarter. Van ECK Associates Corp now owns 1,785,503 shares of the company's stock worth $26,158,000 after purchasing an additional 39,286 shares in the last quarter. Melia Wealth LLC lifted its position in shares of Trinity Capital by 1.2% during the 4th quarter. Melia Wealth LLC now owns 1,193,518 shares of the company's stock worth $17,485,000 after buying an additional 14,222 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Trinity Capital by 4,587.0% in the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company's stock worth $17,822,000 after buying an additional 1,126,709 shares during the last quarter. UBS Group AG boosted its stake in shares of Trinity Capital by 28.8% in the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company's stock worth $15,220,000 after buying an additional 232,031 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Trinity Capital by 22.4% in the fourth quarter. Invesco Ltd. now owns 1,026,680 shares of the company's stock valued at $15,041,000 after acquiring an additional 187,744 shares in the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.
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.
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