Key Points
- CEO Kyle Brown bought 3,215 Trinity Capital shares at an average price of $18.04, investing about $58,000 and increasing his stake by 0.49% to 654,878 shares.
- Trinity Capital announced a monthly dividend of $0.17 per share, equivalent to $2.04 annually and a 11.5% yield; its payout ratio is 110.27%.
- Analysts have a “Moderate Buy” consensus and an average price target of $17.58. Shares recently traded at $17.70, down 0.9% on the day.
Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) CEO Kyle Brown bought 3,215 shares of the firm's stock in a transaction that occurred on Wednesday, November 11th. The stock was bought at an average price of $18.04 per share, with a total value of $57,998.60. Following the completion of the acquisition, the chief executive officer owned 654,878 shares of the company's stock, valued at $11,813,999.12. This trade represents a 0.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Trinity Capital Trading Down 0.9%
TRIN traded down $0.17 on Friday, hitting $17.70. 702,823 shares of the company were exchanged, compared to its average volume of 1,122,252. The firm has a 50-day moving average price of $17.35 and a two-hundred day moving average price of $16.76. Trinity Capital Inc. has a twelve month low of $14.13 and a twelve month high of $18.90. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 9.37 and a beta of 0.66.
Trinity Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Friday, December 11th. Trinity Capital's dividend payout ratio (DPR) is presently 110.27%.
Institutional Investors Weigh In On Trinity Capital
Several institutional investors have recently modified their holdings of TRIN. Trust Co. of Vermont purchased a new position in Trinity Capital in the second quarter valued at $25,000. Burk Holdings LLC acquired a new stake in Trinity Capital in the second quarter valued at $32,000. Fifth Third Bancorp purchased a new stake in Trinity Capital during the 1st quarter worth about $37,000. Sunbelt Securities Inc. purchased a new position in Trinity Capital in the first quarter valued at approximately $37,000. Finally, State of Alaska Department of Revenue purchased a new position in Trinity Capital in the third quarter valued at approximately $64,000. 24.62% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TRIN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on Trinity Capital from $16.50 to $18.00 and gave the stock a "market perform" rating in a research report on Thursday, November 5th. B. Riley Financial restated a "buy" rating and set a $20.00 target price (up from $19.00) on shares of Trinity Capital in a research note on Friday, November 6th. Finally, Wells Fargo & Company raised their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Trinity Capital has an average rating of "Moderate Buy" and an average target price of $17.58.
View Our Latest Stock Report on TRIN
About Trinity Capital
(
Get Free Report)
Trinity Capital Inc. is a specialty finance company and business development company that provides debt financing to growth-stage businesses, particularly companies backed by venture capital. It focuses on businesses that may need capital to expand but have limited access to traditional bank financing. The company offers financing solutions including venture debt, equipment loans and leases, and other forms of growth capital. Its borrowers operate in sectors such as technology, life sciences, healthcare, and other innovation-focused industries.
Read More
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].
