Insider Buying: Trinity Capital (NASDAQ:TRIN) CEO Acquires $49,661.70 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown purchased 3,333 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $14.90 per share, for a total transaction of $49,661.70. Following the completion of the purchase, the chief executive officer owned 376,775 shares of the company’s stock, valued at approximately $5,613,947.50. This represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trinity Capital Stock Down 0.8%

NASDAQ:TRIN opened at $14.91 on Friday. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $17.20. The stock has a market cap of $1.24 billion, a PE ratio of 7.61 and a beta of 0.55. The firm’s fifty day simple moving average is $15.72 and its 200-day simple moving average is $15.43.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $58.89 million during the quarter, compared to analysts’ expectations of $79.83 million. Trinity Capital had a net margin of 46.18% and a return on equity of 14.97%. Equities analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Friday, March 13th. Trinity Capital’s dividend payout ratio (DPR) is presently 104.08%.

Institutional Trading of Trinity Capital

Large investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its stake in shares of Trinity Capital by 1.1% during the 4th quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock worth $980,000 after purchasing an additional 754 shares in the last quarter. First Commonwealth Financial Corp PA grew its holdings in Trinity Capital by 3.4% during the 4th quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock valued at $360,000 after buying an additional 799 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in Trinity Capital by 2.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 33,342 shares of the company’s stock valued at $516,000 after buying an additional 889 shares during the last quarter. Graham Capital Management L.P. increased its position in Trinity Capital by 10.7% during the fourth quarter. Graham Capital Management L.P. now owns 11,234 shares of the company’s stock worth $165,000 after buying an additional 1,085 shares in the last quarter. Finally, Stifel Financial Corp increased its position in Trinity Capital by 0.3% during the fourth quarter. Stifel Financial Corp now owns 432,777 shares of the company’s stock worth $6,340,000 after buying an additional 1,489 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TRIN shares. Loop Capital set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Capital One Financial set a $17.00 price objective on Trinity Capital in a report on Thursday, December 11th. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a research report on Tuesday, January 27th. Clear Str raised Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Noble Financial initiated coverage on Trinity Capital in a research report on Thursday, December 11th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Trinity Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.29.

Trinity Capital Company Profile

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.