Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald Estes purchased 800 shares of Trinity Capital stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of $14.16 per share, with a total value of $11,328.00. Following the completion of the transaction, the director directly owned 40,443 shares in the company, valued at $572,672.88. The trade was a 2.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Trinity Capital Price Performance
TRIN stock opened at $14.59 on Wednesday. The firm's fifty day simple moving average is $15.66 and its 200-day simple moving average is $15.36. The company has a market capitalization of $1.21 billion, a P/E ratio of 7.44 and a beta of 0.56. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $17.20.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Trinity Capital had a net margin of 46.18% and a return on equity of 14.97%. The firm had revenue of $58.89 million for the quarter, compared to analyst estimates of $79.83 million. As a group, sell-side analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current year.
Hedge Funds Weigh In On Trinity Capital
A number of hedge funds have recently bought and sold shares of TRIN. Marshall Wace LLP grew its holdings in Trinity Capital by 4,587.0% in the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company's stock valued at $17,822,000 after purchasing an additional 1,126,709 shares during the period. Sound Income Strategies LLC raised its stake in shares of Trinity Capital by 58,959.3% during the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company's stock worth $15,318,000 after buying an additional 943,348 shares during the period. Eagle Point Credit Management LLC acquired a new position in shares of Trinity Capital during the 4th quarter worth approximately $10,657,000. Two Sigma Investments LP lifted its position in shares of Trinity Capital by 83.5% during the 3rd quarter. Two Sigma Investments LP now owns 986,184 shares of the company's stock valued at $15,266,000 after buying an additional 448,626 shares in the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new stake in Trinity Capital in the 4th quarter valued at $5,493,000. Hedge funds and other institutional investors own 24.62% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on TRIN shares. Capital One Financial set a $17.00 price objective on Trinity Capital in a report on Thursday, December 11th. Noble Financial assumed coverage on Trinity Capital in a report on Thursday, December 11th. They set a "buy" rating on the stock. Clear Str upgraded Trinity Capital to a "strong-buy" rating in a research report on Wednesday, February 4th. Loop Capital set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Finally, Citizens Jmp set a $17.50 price objective on shares of Trinity Capital in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.29.
Check Out Our Latest Analysis on Trinity Capital
Key Stories Impacting Trinity Capital
Here are the key news stories impacting Trinity Capital this week:
- Positive Sentiment: Large insider purchases: the chairman (Steve L. Brown) bought 27,109 shares (~$400k) and the CEO and a director also made small buys this week — a sign management confidence and likely a key bullish catalyst. Chairman SEC Filing CEO SEC Filing Director SEC Filing
- Positive Sentiment: Strategic JV: Trinity and Capital Southwest formed a 50/50 joint venture with $100M committed ($50M each) to invest in first-out senior secured debt in the lower middle market — expands deal flow and adds a scaled co-investment capability. PR Newswire: JV Announcement
- Positive Sentiment: Institutional & analyst backdrop: several buy/strong-buy analyst stances and recent increases in institutional holdings suggest ongoing support from professional investors (consensus price target ~$16.29), which can underpin the stock. MarketBeat: Analyst & Institutional Note
- Neutral Sentiment: Dividend announced: monthly dividend of $0.17 (annualized yield ~14.4%) payable March 31 — attractive to income buyers but already reflected in recent trading given the ex-dividend timing. MarketBeat: Dividend & Payout Details
- Negative Sentiment: Dividend sustainability concern: the stated payout ratio is above 100% (≈104%), raising questions about sustainability of the high yield and potential pressure on future payouts or net asset growth. MarketBeat: Payout Ratio
- Negative Sentiment: Mixed quarterly results: Trinity beat EPS narrowly but revenue missed materially versus estimates (reported revenue well below consensus), which is a caution for growth and credit-portfolio trends that investors monitor. MarketBeat: Earnings Summary
- Negative Sentiment: Options activity: an unusual spike in put-option volume (6,512 puts, +1,004% vs typical) indicates some traders are positioning for downside or hedging — a short-term bearish signal.
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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